What is a Limited Company?

Accounts, Bookkeeping and Payroll can be a burden to small business. This new series of accountant blogs from Nottingham Accounting Solutions aims at making Accounts, Bookkeeping and Payroll a little clearer.

What is a Limited Company?

Most businesses start out small, owned by one person or by a partnership. The most common type of business when there are multiple owners is a Limited Company.

The law sees a Limited Company as real, live person. Like an adult, a Limited Company is treated as a distinct and independent individual who has rights and responsibilities.

A Limited Company 's "birth certificate" is the legal form that is filed with the Secretary of State and Companies House. It must have a legal name, just like a person.

A Limited Company is separate from its owners. It's responsible for its own debts. The bank can't come after the shareholders if a Limited Company goes bankrupt- except under certain circumstances.

A Limited Company issues ownership share to persons who invest money in the business. These shares are documented and the Company has to keep a register, or list, of how many shares everyone owns. Owners of a Company are called shareholders because they own shares issued by the company. One share of stock is one unit of ownership and how much one share is worth depends on the total number of shares that the business issues. The more shares a business issues, the smaller the percentage of total owners' equity each share represents.

Nottingham Accounting Solutions Ltd offer accounts, bookkeeping and payroll services in the Nottingham , Mansfield and Sutton in Ashfield area as well as Sage sales, set-up and 1 - to - 1 training on Sage accounts and Sage payroll. So why not take a look at Accountant in Nottingham Mansfield and Sutton in Ashfield to see our website.

Managing the Bottom Line with your accountant

Accounts, Bookkeeping and Payroll can be a burden to small business. This new series of blogs from Nottingham Accounting Solutions aims at making Accounts, Bookkeeping and Payroll a little clearer.

Managing the Bottom Line with your accountant

If you don't keep track of how much money you're making, you have no idea whether your business is successful or not. You can't tell how well your marketing is working. And I don't just mean you should know the amount of your total sales or gross revenue. You need to know what your net profit is. If you don't, there's no way you can know how to increase it.

If you want your business to be successful, you need to make a financial plan and check it against the facts on a monthly basis, then take immediate action to correct any problems. If you have monthly Management Accounts produced by your accountant then this will help you to be aware of any changes in the business, allowing you to make timely changes.

So, here are the steps you should take:

* Create a financial plan for your business. Estimate how much revenue you expect to bring in each month, and project what your expenses will be. Ensure your accountant produces Management Accounts for you on a regular basis – say monthly.

* Remember that lost profits can't be recovered. When entrepreneurs compare their projections to reality and find earnings too low or expenses too high, they often conclude, "I'll make it up later." The problem is that you really can't make it up later: every month profits are too low is a month that is gone forever.

* Read your Management Accounts (you would be surprised how many business owners don’t do this) and make adjustments right away. If revenues are lower than expected, increase efforts in sales and marketing or look for ways to increase your rates. If overhead costs are too high, find ways to cut back. There are other businesses like yours around. What is their secret for operating profitably?

* Think before you spend. When considering any new business expense, including marketing and sales activities, evaluate the increased earnings you expect to bring in against its cost before you proceed to make a purchase.

* Evaluate the success of your business based on profit, not revenue. There is an old adage that says “Turnover is Vanity, Profit is Sanity”. It doesn't matter how many thousands of dollars you are bringing in each month if your expenses are almost as high, or higher. Many high-revenue businesses have gone under for this very reason -- don't be one of them.

Nottingham Accounting Solutions Ltd offer accounts, bookkeeping and payroll services in the Nottingham, Mansfield and Sutton in Ashfield area as well as Sage sales, set-up and 1 - to - 1 training on Sage accounts and Sage payroll. So why not take a look at http://www.nottingham-accounting-solutions.co.uk/

Accountant in Nottingham moves offices

Accountant in Nottingham moves offices

Nottingham Accounting Solutions Ltd has just moved to new offices just outside Nottingham to offer an even better service to Nottingham clients. We can relieve you of an enormous accounting and bookkeeping burden by taking care of all your accountant needs including accounts, accounting and bookkeeping in and around Nottingham using the latest Sage Accounting software.

Your time can be spent more profitably by concentrating on what you are good at … and out-source the paperwork to us.

What’s included in our Accounts and Bookkeeping service :

Preparation of Sage Accounts

• Maintenance of Accounting records complying with Statutory requirements
• Purchase, Sales and Nominal Ledgers
• Bank Reconciliation
• Maintenance of VAT records
• Credit control
• Factoring and Invoice Financing – if required

Preparation of Quarterly VAT Returns

Our first step is to work with you to gain an understanding of your business and establish a one-to-one working relationship. We can then tailor our services to your requirements and provide exactly the accountant services, accounts and bookkeeping that you need.

So visit our Accountant in Nottingham webpage or all for an informal, confidential, no obligation chat to see where Nottingham Accounting Solutions can help you save time and money.

Accountant in Mansfield moves offices

Accountant in Mansfield moves offices


Nottingham Accounting Solutions Ltd has just moved to new offices just outside Mansfield to offer an even better local service to Mansfield clients. We can relieve you of an enormous accounting and bookkeeping burden by taking care of all your accountant needs including accounts, accounting and bookkeeping in and around Mansfield using the latest Sage Accounting software.

Your time can be spent more profitably by concentrating on what you are good at … and out-source the paperwork to us.

What’s included in our Accounts and Bookkeeping service :

Preparation of Sage Accounts

• Maintenance of Accounting records complying with Statutory requirements
• Purchase, Sales and Nominal Ledgers
• Bank Reconciliation
• Maintenance of VAT records
• Credit control
• Factoring and Invoice Financing – if required

Preparation of Quarterly VAT Returns

Our first step is to work with you to gain an understanding of your business and establish a one-to-one working relationship. We can then tailor our services to your requirements and provide exactly the accountant services, accounts and bookkeeping that you need.

So visit our Accountant in Mansfield webpage or all for an informal, confidential, no obligation chat to see where Nottingham Accounting Solutions can help you save time and money.

Accountant in Sutton in Ashfield moves offices

Accountant in Sutton in Ashfield moves offices


Nottingham Accounting Solutions Ltd has just moved to new offices just outside Sutton in Ashfield to offer an even better local service to Sutton in Ashfield clients. We can relieve you of an enormous accounting and bookkeeping burden by taking care of all your accountant needs including accounts, accounting and bookkeeping in and around Sutton in Ashfield using the latest Sage Accounting software.

Your time can be spent more profitably by concentrating on what you are good at … and out-source the paperwork to us.

What’s included in our Accounts and Bookkeeping service :

Preparation of Sage Accounts

• Maintenance of Accounting records complying with Statutory requirements
• Purchase, Sales and Nominal Ledgers
• Bank Reconciliation
• Maintenance of VAT records
• Credit control
• Factoring and Invoice Financing – if required

Preparation of Quarterly VAT Returns

Our first step is to work with you to gain an understanding of your business and establish a one-to-one working relationship. We can then tailor our services to your requirements and provide exactly the accountant services, accounts and bookkeeping that you need.

So visit our Accountant in Sutton in Ashfield webpage or all for an informal, confidential, no obligation chat to see where Nottingham Accounting Solutions can help you save time and money.

Payroll in Mansfield

Payroll in Mansfield

Nottingham Accounting Solutions offers Sage Payroll Administration in Sutton in Ashfield.

Our Sage Payroll services save you the time, complication and burden which diverts energy and resources from the core activities of your business.

The task is made more difficult by the complexity of taxation and employment legislation and the accompanying penalties for non-compliance.

Outsourcing your Sage Payroll to Nottingham Accounting Solutions offers a great cost effective solution, simply e-mail, fax or telephone us the details each pay period and leave the rest to us.

Many businesses, of all sizes, outsource their payroll to a dedicated Sage Payroll Bureau.
Consider outsourcing - it can save you time, hassle and money.

For example:

• Free up staff to concentrate on the core aspects of your business.
• Stay up to date with the latest changes to payroll legislation
• Save the expense of having to invest in the hardware, software, staff and training for the payroll system
• Deal with Student Loans, Statutory Sick Pay, Statutory Maternity / Paternity Pay, are over retirement age and other complications such as tax credits.
• Even with only a few employees, you will make savings by engaging Nottingham Accounting Solutions to administer your Sage payroll.

Our Sage Payroll Bureau provides:

• Customised Sage payslips
• Administration of PAYE and National Insurance
• Tax credits
• Statutory sick pay
• Statutory maternity pay etc.
• Completion of statutory forms, including year end returns, to issue to your employees and submit to the Inland Revenue
• Summaries and analysis of staff costs
• Administration of incentive schemes, bonuses, and ex-gratia and termination payments

We can also supply Sage Payroll products at competitive prices and we also carry out Sage Payroll Training around the Sutton in Ashfield area on your own systems.

Click here now for an informal, confidential, no obligation chat to see where Nottingham Accounting Solutions can help you save time and money or even better, CALL NOW on 01623 550793 or 07870 359274 or visit our website for more details here Payroll in Mansfield.

Sage Training for Accounts and Bookkeeping in Sutton in Ashfield

Sage Training for Accounts and Bookkeeping in Sutton in Ashfield

Nottingham Accounting Solutions Ltd is based in Sutton in Ashfield can help you

•Sage Training

When you have invested in Sage Accounts software, either Sage Line 50 or Sage Instant Accounts, it needs to work for your business. OK, you can go on a Sage Accounts training course which are very expensive, very general and usually miles away from your business. We offer one-to-one Sage Accounts and Bookkeeping Training on your own system for you and your staff in the Sutton in Ashfield area. Our Sage Training is tailored to suit your ability and confidence from a complete Sage beginner to a competent Sage user. We also offer further Sage training and support training as you go through your month end, VAT returns and year end routines at the appropriate times. See our website for more details at Sage Training for Accounts in Mansfield

•Sage Accounts Installation, Set up and configuration

Save yourself hours and hours of your precious time – let us install your Sage Accounts and Bookkeeping Software, then set it up and configure it for YOUR business. This alone can save you hours of frustration.

•Sage Accounts software sales

As a Sage Accountants Club member, Nottingham Accounting Solutions Ltd can provide you with the latest Sage products at competitive prices.

So:

•Nottingham Accounting Solutions Ltd can sell you the Sage software, install it, set it up and configure it to your business, training you or your staff to use it on a one – to – one basis and also offer the ongoing support for as long as you need it. Quite a cost effective solution to your needs. We aim to put you on the fast track to getting the most out of your Sage Accounts software but as an alternative, why not outsource your accounting and bookkeeping to Nottingham Accounting Solutions.

Take a look at our Accounts and Bookkeeping Mansfield web page for more details.

We also offer Sage Training for Payroll Mansfield.

So call Colleen on 01623 550793

Sage training for Payroll in Sutton in Ashfield

Sage training for Payroll in Sutton in Ashfield

Nottingham Accounting Solutions Ltd is based in Sutton in Ashfield can help you

• Sage Training

When you have invested in Sage Payroll software, either Sage 50 Payroll or Sage Instant Payroll, it needs to work for your business. We offer one-to-one Sage Payroll Training on your own system for you and your staff in the Sutton in Ashfield area. Our Sage Payroll Training is tailored to suit your ability and confidence from a complete Sage beginner to a competent Sage user. We also offer further Sage support training as you go through your month end and year end routines at the appropriate times. For more information see our website at Sage Training for Payroll Mansfield.

• Sage Payroll Installation, Set up and configuration

Save yourself hours and hours of your precious time – let us install your Sage Payroll Software, then set it up and configure it for YOUR business. Save hours of frustration.

• Sage Payroll software sales

As a Sage Accountants Club member, Nottingham Accounting Solutions Ltd can provide you with the latest Sage Payroll products at competitive prices.

• Nottingham Accounting Solutions Ltd can sell you the Sage Payroll software, install it, set it up and configure it to your business, training you or your staff to use it on a one – to – one basis and also offer the ongoing support for as long as you need it. Quite a cost effective solution to your needs.

We aim to put you on the fast track to getting the most out of your Sage Payroll software but as an alternative, why not outsource your Payroll to the Nottingham Accounting Solutions Ltd. Payroll Bureau.

Take a look at our Payroll Mansfield web page for more details.

We also offer Sage Training for Accounts in Mansfield
So call Colleen on 01623 550793

Sage training for payroll in Nottingham

Sage training for payroll in Nottingham

Nottingham Accounting Solutions Ltd can help you

• Sage Training

When you have invested in Sage Payroll software, either Sage 50 Payroll or Sage Instant Payroll, it needs to work for your business. We offer one-to-one Sage Payroll Training on your own system for you and your staff. Our Sage Payroll Training is tailored to suit your ability and confidence from a complete Sage beginner to a competent Sage user. We also offer further Sage support training as you go through your month end and year end routines at the appropriate times. For more information see our website at Sage Training for Payroll Nottingham.

• Sage Payroll Installation, Set up and configuration

Save yourself hours and hours of your precious time – let us install your Sage Payroll Software, then set it up and configure it for YOUR business. Save hours of frustration.

• Sage Payroll software sales

As a Sage Accountants Club member, Nottingham Accounting Solutions Ltd can provide you with the latest Sage Payroll products at competitive prices.

• Nottingham Accounting Solutions Ltd can sell you the Sage Payroll software, install it, set it up and configure it to your business, training you or your staff to use it on a one – to – one basis and also offer the ongoing support for as long as you need it. Quite a cost effective solution to your needs.

We aim to put you on the fast track to getting the most out of your Sage Payroll software but as an alternative, why not outsource your Payroll to the Nottingham Accounting Solutions Ltd. Payroll Bureau.

Take a look at our Payroll Nottingham web page for more details.

We also offer Sage Training for Accounts in Nottingham

So call Colleen on 01623 550793

Sage Training for accounts in Nottingham

Sage Training for accounts in Nottingham

Nottingham Accounting Solutions Ltd can help you

•Sage Training

When you have invested in Sage Accounts software, either Sage Line 50 or Sage Instant Accounts, it needs to work for your business. OK you can go on a Sage Accounts training course which are very expensive, very general and usually miles away from your business. We offer one-to-one Sage Training on your own system for you and your staff. Our Sage Training is tailored to suit your ability and confidence from a complete Sage beginner to a competent Sage user. We also offer further Sage training and support training as you go through your month end, VAT returns and year end routines at the appropriate times. See our website for more details at Sage Training for Accounts in Nottingham

•Sage Accounts Installation, Set up and configuration

Save yourself hours and hours of your precious time – let us install your Sage Accounts Software, then set it up and configure it for YOUR business. This alone can save you hours of frustration.

•Sage Accounts software sales

As a Sage Accountants Club member, Nottingham Accounting Solutions Ltd can provide you with the latest Sage products at competitive prices.

So:

•Nottingham Accounting Solutions Ltd can sell you the Sage software, install it, set it up and configure it to your business, training you or your staff to use it on a one – to – one basis and also offer the ongoing support for as long as you need it. Quite a cost effective solution to your needs. We aim to put you on the fast track to getting the most out of your Sage Accounts software but as an alternative, why not outsource your accounting and bookkeeping to Nottingham Accounting Solutions.

Take a look at our Accounts and Bookkeeping Nottingham Mansfield web page for more details.

We also offer Sage Training for Payroll Nottingham Mansfield.

So call Colleen on 01623 550793

Sage Training for Accounts in Mansfield

Sage Training for accounts in Mansfield

Nottingham Accounting Solutions Ltd can help you

•Sage Training

When you have invested in Sage Accounts software, either Sage Line 50 or Sage Instant Accounts, it needs to work for your business. OK you can go on a Sage Accounts training course which are very expensive, very general and usually miles away from your business. We offer one-to-one Sage Training on your own system for you and your staff. Our Sage Training is tailored to suit your ability and confidence from a complete Sage beginner to a competent Sage user. We also offer further Sage training and support training as you go through your month end, VAT returns and year end routines at the appropriate times. See our website for more details at Sage Accounts Training Mansfield

•Sage Accounts Installation, Set up and configuration

Save yourself hours and hours of your precious time – let us install your Sage Accounts Software, then set it up and configure it for YOUR business. This alone can save you hours of frustration.•Sage Accounts software sales
As a Sage Accountants Club member, Nottingham Accounting Solutions Ltd can provide you with the latest Sage products at competitive prices.

So:

•Nottingham Accounting Solutions Ltd can sell you the Sage software, install it, set it up and configure it to your business, training you or your staff to use it on a one – to – one basis and also offer the ongoing support for as long as you need it.

Quite a cost effective solution to your needs. We aim to put you on the fast track to getting the most out of your Sage Accounts software but as an alternative, why not outsource your accounting and bookkeeping to Nottingham Accounting Solutions.

Take a look at our Accounts and Bookkeeping Nottingham - Mansfield webpage for more details.

We also offer Sage Training for Payroll in Nottingham Mansfield

So give Colleen a call on 01623 550793

Sage Payroll Training in Mansfield

Sage Payroll Training in Mansfield

We aim to put you on the fast track with your Sage Payroll software in and around Nottingham.

• Sage Payroll software sales




• Sage Payroll installation, set-up and configuration for your business




• Sage Payroll Training in Mansfield on a one-to-one basis on you own system




• Ongoing support and further training as YOU need it

We also offer Sage Accounts Training in Mansfield

As an alternative, why not outsource your Payroll to the Nottingham Accounting Solutions Ltd. Payroll Bureau and let us take care of everything.

Call me on either 01623 550793 or 07870 359274

Colleen Wheeler

Sage Accounts Training in Mansfield

Sage Accounts Training in Mansfield

We aim to put you on the fast track with your Sage Accounts software in and around Nottingham.

• Sage Accounts software sales




• Sage Accounts installation, set-up and configuration for your business




• Sage Accounts Training in Mansfield on a one-to-one basis on you own system




• Ongoing support and further training as YOU need it

We also offer Sage Payroll Training in Mansfield

As an alternative, why not outsource your accounts and bookkeeping to Nottingham Accounting Solutions Ltd.

Call me on either 01623 550793 or 07870 359274

Colleen Wheeler

Sage Payroll Training in Nottingham

Sage Payroll Training in Nottingham

We aim to put you on the fast track with your Sage Payroll software in and around Nottingham.

• Sage Payroll software sales




• Sage Payroll installation, set-up and configuration for your business




• Sage Payroll Training in Nottingham on a one-to-one basis on you own system




• Ongoing support and further training as YOU need it

We also offer Sage Accounts Training in Nottingham

As an alternative, why not outsource your Payroll to the Nottingham Accounting Solutions Ltd. Payroll Bureau and let us take care of everything.

Call me on either 01623 550793 or 07870 359274

Colleen Wheeler

Sage Accounts Training in Nottingham

Sage Accounts Training in Nottingham

We aim to put you on the fast track with your Sage Accounts software in and around Nottingham.

• Sage Accounts software sales




• Sage Accounts installation, set-up and configuration for your business




• Sage Accounts training in Nottingham on a one-to-one basis on you own system




• Ongoing support and further training as YOU need it

We also offer Sage Payroll Training in Nottingham

As an alternative, why not outsource your accounts and bookkeeping to Nottingham Accounting Solutions Ltd.

Call me on either 01623 550793 or 07870 359274

Colleen Wheeler