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Compact Services provides professional accountancy, book-keeping, payroll and management accounting
services to small and medium sized businesses which do not have an in-house accountant.
Key Benefits
- A service customised to meet your specific requirements
- Free up your time to concentrate on running your business
- Ensure your accounts comply with government regulations
- Improved information
- Access to a wide range of skills
Full list of Accountancy Services
Our services are available for Sole Traders, Partnerships and Small to Medium
Companies:
- Financial Accounts Preparation
- Management Accounts
- Business Planning
- Income Tax Returns
- Value Added Tax
- Book-keeping
- Training
- Payroll
- Computer Systems
Financial Accounts Preparation
Preparation of annual accounts, profit and loss account, balance sheet and cash
flow from your ledgers/computer system.
Management Accounts
Reliable and meaningful monthly management accounts provide the key information
required for control and future planning.
Most of our clients appreciate a personal consultation to discuss the management
accounts, which promotes greater understanding of exactly what the figures mean. Our expertise at
spotting potential problems and advising on their correction/avoidance has proved invaluable to many
businesses.
Business Planning
Expert business support advice is invaluable, whether you are planning a small
improvement to a specific area or a major restructuring of your business. We can advise you on all
aspects of running your business such as; financing, costing, and the feasibility of computerisation.
Income Tax Returns
We will prepare your business and personal income tax returns and file them
electronically.
Value Added Tax
You deliver your records (manual or a backup of data on disk) to us and we will
check that your records have been completed in accordance with current VAT regulations and prepare
your VAT 100 workings.
Many of our clients prefer a personal visit once a quarter when we do all the
checks and workings on site, providing the client with instant feedback and solutions to any
problem areas.
Book-keeping
Businesses which do not have their own accounts department can take advantage
of our book-keeping skills and computerised systems. The type of service is varied to suit individual
requirements.
We will keep all your accounting information on our own computer system where we
enter your customer, supplier, banking and petty cash records monthly, quarterly or annually, according
to your needs. This can be done on our premises or yours.
Training
Our J.E.B. T.dip.I.T. qualified trainer has many years experience teaching
individuals and groups of up to 12 people in basic computer use, Microsoft Office applications and our
own WAY and KIT computer systems.
If you have some computer skills, we can provide you with a copy of our software
and the training to enable you to enter your own customer, supplier, banking and petty cash records.
Alternatively, we can help you to set up and maintain your own basic records manually.
Payroll
Our computerised payroll system provides a speedy and reliable service to our clients
nationwide. A wide range of customisable reports are available analysing your payroll as appropriate
to your business.
You provide authorised timesheets by fax, e-mail or post and we return payslips and
summaries to you the next working day. Individuals can be paid weekly, fortnightly or monthly.
We take care of Statutory Sick Pay, Statutory Maternity Pay, Working Families Tax
Credits, Student Loan deductions and holiday pay.
We manage all Inland Revenue returns including PAYE/NI monthly or quarterly payment
summaries, P45's and all year end returns.
Computer Systems
Our own WAY Accounting Suite and KIT Costing System have been in use since 1988
in businesses nationwide. We can advise you on the feasibility of installing computer hardware and
software for your accounting requirements and for all aspects of business control.
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