Accountancy
Accountancy Services you can rely on
We exist to make the financial lives of entrepreneurs straightforward. For some, this means easing the administrative burdens of directorship. For others it means telling the story behind the numbers to guide operational and strategic decision making.
We Take Your Compliance In Hand And Optimise Your Financial Management
Whatever your requirements we will build you a service meet your business needs.
YEAR END ACCOUNTING
Statutory compliance can be a major distraction, and an expensive problem if not well planned and executed.
Our qualified chartered accountants prepare compliant accounts and corporation tax returns for filing with Companies House and HMRC, in good time with minimum fuss.
BOOKKEEPING & MONTH END
Useful output relies on quality input.
InHand’s bookkeeping solutions keep the day-to-day numbers. From Xero to Quickbooks SAP to NetSuite, we have the expertise to support your business.
MANAGEMENT ACCOUNTS
Clear, concise data supports effective strategy.
We create a bespoke reporting pack to deliver the numerical insight you need to write your business story. We put simplicity and ease of use at the forefront, automating and streamlining wherever practical.
CASH FLOW MANAGEMENT
Living through a cash flow crisis lends appreciation of strong cash management.
Wherever your business is, clarity over existing and predicted cash flows is of paramount importance. We produce cash flows directly from the bank account, enabling a clear view and tight control.
PAYROLL, PENSIONS, EMPLOYEE INCENTIVES
Paying owners and employees accurately and on time is critical to any business.
We setup and administer payrolls and pension schemes of all sizes smoothly and efficiently, to dovetail with remuneration planning and employee incentives.
REMUNERATION PLANNING
Not having a plan to pay oneself often results in overpaying tax.
At inHand we draw upon your personal financial goals to plan and execute the optimal mix of salary, dividends and pension contributions.
VAT
Optimising VAT can be complex and risky.
Drawing upon our multi-sector expertise we are well positioned to setup and administer your VAT affairs, optimise savings and manage any HMRC enquiries.
COMPANY FORMATIONS & SECRETARIAL
Getting a company or group setup correctly lays the foundations for success.
Our efficient, accredited service will take care of the entire process, from Companies House to HMRC to a virtual address. Allowing you to focus on your vision.
No Hidden Costs, No Nasty Surprises; At InHand We Always Agree A Scope And A Cost Up-Front
You may now be asking “what’s it going to cost?”
The truth? It depends. Every business is different. We base our pricing on the value we can deliver. This depends on three factors: your accounting needs, the scale and complexity of your business, and the quality of your existing systems.
Unlike some providers we don’t advertise fixed price packages, because this often leads to service quality problems down the line. Instead, we take the time to really understand who and what we are working with, before setting a clear scope and agreeing a fixed price.
The case studies below give you an idea of what fees to expect if you choose us as your accountancy partner:
Case Study 1: The Nimble Startup
A software engineer wishes to set up a personal services company to administer her services. Her expected turnover is £100,000 in the first year, she will be the sole director and shareholder.
The requirement is for a monthly payroll, basic remuneration planning and self-assessment return, quarterly VAT scheme, annual accounts and corporation tax return, confirmation statement, Xero subscription and occasional telephone support. The books are maintained in-house to a good standard and no management accounts or business planning is required.
Typical fee of £215 + VAT per month plus setup costs of approximately £600
Case Study 2: The Consumer Health Business
An online retail / consumer health platform is preparing for Series B funding. The fundamentals are in place and a small team of 4 supported by venture capital to scale up the business to a wider market and expand into the EU. Turnover is currently under £250,000.
Although they take care of the bookkeeping in house, they need to tighten up their internal controls and reporting systems. The incoming VC partners have specific, rigorous reporting requirements. They currently have a firm of statutory accountants who they are comfortable with, and require inHand to work alongside them in a more hands-on role.
Typical fee: £1,200 + VAT per month
Case Study 3: The Property Entrepreneurs
A family real-estate business comprises two development property companies and one investment property company beneath a dormant holding company. Annual turnover is approximately £1.2mn and two directors own equal shares in the group.
They require an outsourced finance function; 1 x payroll, 2 x VAT schemes, year end accounts, Xero bookkeeping, corporation tax returns and annual returns for all companies in the group. 2 x directors tax returns and basic remuneration planning. In addition, they need a management accounting pack with bespoke reports and a monthly financial commentary meeting.
Typical fee: £2,000 + VAT per month
Case Study 4: The Established Tech Unicorn
An established fintech platform with a turnover of £3mn employing 12 staff including an in-house finance function.
They need; a full suite of compliance services - statutory accounts, corporation tax return, payroll, annual return; custom regulatory reports month-on-month; month end support and oversight; support and training existing staff with monthly management accounts and business intelligence panel; support with business strategy and series C fundraising.
Typical fee: £3,400 + VAT per month