Accounting Services Consultancy

Sage One Online & Sage 50 Accounting Solution

Easy to use, affordable accounting software for sole traders, start-ups and small businesses.

Our range of accounting software is designed to meet the needs of start-ups, sole traders and small businesses. Choose from a range of desktop or online accounting that allow you to invoice customers, analyse business performance and manage VAT, stock, budgets and more

We recommend and use Sage for our Online Bookkeeping and Management Accounting Services from £60 + Vat per week including Sage one fees

No Software to Install. We set it up and you enter your Sales and Purchase Invoices online and we do Bank Reconciliation and VAT returns

A huge and ongoing investment of time and manpower is required to deal with the necessities of VAT returns and payroll and accounting records. Francisca Management can lift that load from your business and allow you to focus on your areas of expertise.

From assistance in the day to day organisation and handling of your accounting requirements online to preparation of your VAT return at your offices, we will operate at whatever level of involvement meets your requirements. You will always be in control of your accounts and be confident that the job will be done on time and to a professional standard. You will also benefit from having reliable accounting information from which to run your business.


Among other things we can provide advice and assistance with: 

Business Bookkeeping Services

  • Production of monthly/quarterly/annual management accounts
  • Calculation of tax and national insurance liabilities
  • Productions of payslips
  • PAYE Tax returns (monthly/quarterly/annual)
  • Calculation of VAT payable or receivable
  • Completion of VAT returns
  • Credit control procedures
  • Purchasing procedures
  • Cash and bank procedures
  • General record keeping procedures

 

CHANGES IN DIVIDEND TAX RULES

 

As a reminder, the Budget introduced a £5,000 tax-free dividend allowance post 5 April 2016, with changes to the effective tax rates as set out below:

  

 

 

PRE 6th APRIL 2016 (Effective Rate)

POST 6th APRIL 2016

DIFFERENCE

 

Basic rate

 

0%

 

7.5%

 

 

7.5%

 

Higher rate

 

25%

 

32.5%

 

7.5%

 

 

Additional rate

 

30.56%

 

38.1%

 

7.5%

 

 

After detailing the new rates, the Chancellor did acknowledge that those who pay themselves in dividends are likely to pay more in personal tax, something that is clear from the above table which shows a 7.5% increase in the effective tax rates at all levels of income.  

 

Please be mindful of the above changes and how they may affect your personal income tax liability as we move beyond 6 April 2016. On the plus side, there is an opportunity to plan for these changes and how best to withdraw funds from your company going forward (via salaries, dividends, pension contributions, interest or rental payments, etc.). Such planning is particularly relevant if, for example:

  

  • you wish to accelerate dividends into the current tax year with the intention of reducing what you draw in 2016/17;

     

  • you are considering winding up your company’s affairs; or

     

  • would like to make provision for the future via pension contributions.

If any of these circumstances are relevant to you, or you would simply like to discuss the rule changes and how they may affect you in more detail, please do contact me. In any event, please be mindful of the changes and the impact these may have on your personal income tax position

This service is provided as a monthly subscription Payments: from as little as £75 + Vat per month for a minimum of 12 months Click Here to contact us for a response: