UNITED KINGDOM [UK]
SERVICES

Book Keeping Services

At Right Ratios, we understand the importance of maintaining accurate financial records for your business. Our bookkeeping services are designed to meet the diverse needs of businesses of all sizes, allowing you to focus on your core activities. Our comprehensive bookkeeping services include:

• Ensure accurate operational & financial detailing with Right Ratios outsource bookkeeping solutions. It is the process of inscribing financial transactions of a business to generate accounting reports.
• We thrive to serve businesses of all sizes with cost effective bookkeeping outsourcing services.
• Reduce your daily tasks as we offer you the most accurate bookkeeping services.
• Our professionals are apt at analyzing and recording your day to day business transactions.

A. Transaction Recording and Analysis:

Our professional team records and analyzes your daily business transactions, ensuring they are accurately captured and categorized. This process helps you to have a clear understanding of your company's financial performance and identify areas for improvement.

B. Financial Reporting:

Accurate and timely financial reporting is essential for making informed business decisions. We generate detailed financial reports, including profit and loss statements, balance sheets, and cash flow statements, to provide you with a comprehensive view of your business's financial health.

C. Bank Reconciliation:

Reconciling your bank accounts is a crucial part of maintaining accurate financial records. Our team will perform regular bank reconciliations, ensuring that any discrepancies are identified and resolved promptly.

D. Accounts Payable and Receivable Management:

Managing your accounts payable and receivable is essential for maintaining healthy cash flow. Our bookkeeping services include tracking invoices, processing payments, and monitoring outstanding debts, helping you to optimize your cash flow and maintain good relationships with suppliers and customers.

E. Tax Preparation and Compliance:

We ensure that your financial records are maintained in compliance with all relevant tax laws and regulations. Our team will also prepare and file your tax returns, ensuring that you take advantage of any applicable deductions and credits, and avoid penalties and interest for non-compliance.

F. Customized Bookkeeping Solutions:

We understand that every business is unique, and our bookkeeping services are tailored to meet your specific needs. Whether you require full-service bookkeeping or assistance with specific tasks, our team is ready to support you with efficient and accurate solutions.

PAYROLL SERVICES

Right Ratios offers a comprehensive range of payroll services, designed to simplify the payroll process for businesses of all sizes. Our payroll services include:

• Ensure accurate operational & financial detailing with Right Ratios outsource bookkeeping solutions. It is the process of inscribing financial transactions of a business to generate accounting reports.
• We thrive to serve businesses of all sizes with cost effective bookkeeping outsourcing services.
• Reduce your daily tasks as we offer you the most accurate bookkeeping services.
• Our professionals are apt at analyzing and recording your day to day business transactions.

A. Transaction Recording and Analysis:

Our experienced team will process your payroll accurately and on time, ensuring that your employees are paid correctly, and all necessary deductions are made. We can handle various payroll frequencies, including weekly, bi-weekly, semi-monthly, and monthly.

B. Compliance and Tax Management:

We ensure that your payroll is compliant with all relevant tax laws and regulations. This includes calculating and remitting payroll taxes, filing payroll tax returns, and managing any payroll tax audits or inquiries.

C. Customized Payroll Solutions:

Our flexible approach to payroll services means that we can tailor our solutions to meet your specific needs. Whether you need assistance with a single aspect of payroll management or a complete end-to-end payroll solution, our team is here to help.

D. Employee Benefits Administration:

Managing employee benefits can be complex and time-consuming. Our payroll services include administering various employee benefits, such as retirement plans, health insurance, and paid time off, ensuring that your employees receive the benefits they are entitled to.

E. Payroll Reporting:

We provide detailed payroll reports to help you monitor your payroll expenses and make informed decisions about your workforce. Our reports include information on employee earnings, deductions, taxes, and more.

F. Time and Attendance Management:

Accurate time and attendance records are essential for payroll processing. We can integrate with various time and attendance systems, ensuring that your employees' hours are accurately captured and reflected in their paychecks.

VAT SERVICES

VAT and associated sales taxes continue to be complex; our VAT experts come from a variety of backgrounds, and are experienced in handling both the day-to-day VAT issues and those more nuanced and high-risk solutions.




HMRC disputes and investigations

• Whatever the stage of an HMRC investigation you find yourself, we can prepare you for, and attend, VAT inspections. We aim to resolve disputes using the most cost-effective method, including directly challenging unfair and incorrect decisions, or by negotiation using alternative dispute resolution.
• We also have extensive experience in VAT appeals in tribunals and courts, and offer fee protection insurance to protect you against the costs of a dispute before it arises.

VAT COMPLIANCE

• VAT is a complex tax and HMRC threaten penalties for any errors; let us guide you through the maze of regulations.
• We work with you to ensure that you understand VAT and its impact on your transactions, assisting with:
• VAT registrations
  Ad-hoc advice
  Assistance with partial exemption methods or special VAT schemes
  Advising on record-keeping
  Completing VAT calculations and VAT returns on your behalf.

A. VAT Registration:

We assist businesses with the VAT registration process, ensuring that you are registered correctly and in a timely manner. Our team will help you navigate the registration requirements and provide guidance on the necessary documentation and information.

B. VAT Compliance and Advisory Services:

Our VAT experts have extensive experience in dealing with a wide range of VAT issues, ensuring that your business remains compliant with all relevant VAT laws and regulations. We can advise on various aspects of VAT, including partial exemption methods, special VAT schemes, and record-keeping requirements.

C. VAT Return Preparation and Filing:

We will prepare and file your VAT returns on your behalf, ensuring that all calculations are accurate and submitted within the required deadlines. Our team will also help you optimize your VAT position, identifying any potential savings or areas for improvement.

D. HMRC Disputes and Investigations:

Our VAT specialists have experience in handling HMRC disputes and investigations at various stages. We can prepare you for VAT inspections, negotiate on your behalf using alternative dispute resolution methods, and represent you in VAT appeals at tribunals and courts. We also offer fee protection insurance to safeguard you against the costs of a dispute before it arises.

CLOUD ACCOUNTING AND OUTSOURCING

Embrace the future of accounting with Right Ratios' Cloud Accounting and Outsourcing services. Our team of experts is well-versed in various cloud accounting software, helping businesses streamline their processes and access financial data in real-time. With cloud accounting, you can make informed decisions, collaborate seamlessly with your team, and improve efficiency.

• The cloud accounting phenomenon appears to be a freight train driving through the accounting profession, revolutionising the way accountants interact with their clients.
• The cloud allows immediate access to client records from any location (with an internet connection), which in turn fosters a more dynamic relationship between business and adviser.
• New tools dramatically reduce data entry, allowing bookkeepers to focus on training and advice. New ways to produce and provide reports creates cost savings for key value-added services such as management accounts, allowing us as accountants to provide more for less.
• Our cloud accounting team has specialist knowledge of a variety of cloud accounting software and can provide a range of services, including system implementation and training.
• We can also provide advanced outsourcing, including flexible bookkeeping, smart management accounts and an outsourced finance director.

How we work in the cloud

System implementation

• We have invested time in developing our knowledge of the ever-changing world of cloud products so that you don’t have to. Combining this with our corporate expertise in a variety of industry sectors gives us a team of system advisers,all of whom are quickly able to establish the key functionality requirements of your business.
• Our implementation process guides you and your team from system selection through set-up and training.Utilising change management and an implementation timeline, our teams ease the transition over to new systems.

Training

• We can provide advice when - and where - it is needed. From juniors to partners and specialists, we have a skilled and experienced team ready to advise at the appropriate level.
• As well as being at the end of the phone for any query, we can tailor initial and ongoing training packages to ensure that your team gets the full support they need.These can be part of a system implementation process, or general advice if you’ve chosen software independently.

Outsourcing

• Once a set function with a general all or nothing approach, outsourcing is changing dramatically with the implementation of cloud accounting. Accountants can now be efficiently utilised for very specific technical tasks and assistance in busy periods, whilst leaving the general day-to-day processing in the hands of business administrative staff.
• At MacIntyre Hudson we look to work closely with our client’s finance team to provide comfort over their tax and legislative obligations whilst providing added value via enhanced KPI reporting and timely business advice.
• As cloud accounting enables access to financials from anywhere in the world, you can even now outsource the role of the finance director. We provide astute analysis of financial information with key information on the business,allowing you to focus resources in profit-generating directions and cut loss-making operations.

Cloud Accounting Systems

• QuickBooks Online is Intuit's cloud based accounting package and is one of the most comprehensive and easy-to-use solutions in the industry. In tuit has a good record with all of its products, and QuickBooks is no different.
• It has automated features such as scheduled billing, bank reconciliation and automatic backup, you can cut down on the time you spend on routine accounting tasks.

A. System implementation:

Our team will guide you through the selection, setup, and training process for your chosen cloud accounting software. We understand that each business has unique requirements, and we take the time to identify the best software solution that caters to your specific needs. By managing the implementation process, we ensure a smooth transition to your new accounting system.

B. Tailored training:

We provide customized training packages to ensure your team gets the support they need to use the software effectively. Our training programs are designed to be engaging and practical, equipping your staff with the necessary skills to navigate the cloud accounting software confidently. We offer both on-site and remote training options to suit your business requirements.

C. Flexible outsourcing options:

With cloud accounting, we can offer advanced outsourcing services, such as part-time finance director roles or assistance during busy periods. By leveraging the power of cloud technology, our team can provide timely and accurate financial reporting, enabling you to make informed decisions for your business. Our flexible outsourcing options allow you to scale your operations as needed, without the hassle of recruitment and training.

D. Access to financial data anywhere, anytime:

The cloud allows you to access your financial information from any location with an internet connection, fostering a more dynamic relationship between your business and your accounting team. This real-time access to financial data empowers you to make data-driven decisions and respond to market changes quickly.

E. Enhanced security and data protection:

Cloud accounting software providers prioritize data security, ensuring that your sensitive financial information is protected from unauthorized access and potential data breaches. By storing your data in the cloud, you also benefit from automatic backups and data recovery options, safeguarding your business from unexpected data loss.

F. Streamlined financial processes:

Streamlined financial processes: Cloud accounting software automates many routine tasks, such as invoicing, expense tracking, and bank reconciliation, freeing up valuable time for your team to focus on more strategic activities. This increased efficiency enables you to optimize your business operations and drive growth.

G. Integration with other business software:

Many cloud accounting software solutions offer seamless integration with other business applications, such as customer relationship management (CRM) systems, inventory management tools, and payroll software. This integration creates a connected ecosystem that simplifies data sharing and enhances collaboration across different departments.

AUDIT ASSURANCE

At Right Ratios, we understand the importance of maintaining compliance with constantly changing business legislation. Our Audit Assurance team works diligently to ensure your business remains compliant and benefits from the best financial solutions and advice. We offer a comprehensive range of audit services, catering to businesses of all sizes and industries.

• Companies and organisations need to have a reliable team of experts advising them on the ever-changing business environment. These requirements, to name a few, could entail assisting with navigating business structures, the occasional transactional jigsaw, or the periodic evolution in legislation.
• Right Ratios audit and assurance team, work hard to make sure your business is - and remains - compliant with legislation. With joined-up thinking, we strive to offer the best financial solutions and advice to help strengthen your business foundations.
• Technological advances mean goods and services are being created and exchanged in exciting ways these days. But it's important to note that, irrespective of the fast pace of change, businesses should never compromise on quality, procedures and standards. This is where our audit and assurance team comes in, bringing you peace of mind through the expertise of our staff.
• With the frequent changes to business legislation, the compliance landscape and the increased scrutiny on businesses these days, you need a reliable team of audit and assurance providers that will take the time to understand your business and its specific needs.
• Our audit and assurance team's experience is broad, ranging across owner-managed businesses,private companies with many shareholders, quoted companies and subsidiaries of international groups

A. In-depth understanding of your business:

Our team takes the time to understand your business and its specific needs, ensuring a tailored audit experience. We conduct a thorough assessment of your company's operations, internal controls, and financial reporting systems. This in-depth understanding of your business allows us to provide relevant and accurate audit assurance that aligns with your unique requirements.

B. Compliance with legislation:

We ensure your business remains compliant with the latest regulations and standards. Our team continuously monitors changes in business legislation and keeps abreast of industry best practices. This enables us to proactively identify potential compliance risks and provide timely guidance on implementing the necessary controls and processes to maintain compliance.

C.Expertise across various industries:

Our team has experience in a wide range of sectors, ensuring relevant and accurate audit assurance for your business. Our industry-specific expertise allows us to identify unique risks and opportunities within your sector and provide tailored recommendations to improve your financial performance and compliance

D.Risk assessment and mitigation:

Our audit assurance services include a comprehensive risk assessment to identify potential threats to your business's financial health and stability. We evaluate the effectiveness of your existing internal controls and provide recommendations for strengthening these controls to mitigate risks. Our proactive approach to risk management helps safeguard your business from financial losses and reputational damage.

E. Financial statement audits:

We conduct a thorough examination of your company's financial statements to ensure they are presented fairly and in accordance with applicable accounting standards. Our audit process includes the verification of financial data, assessment of accounting policies, and evaluation of internal controls. Upon completion of our audit, we provide a detailed report outlining our findings and recommendations for improvement.

F. Internal audit support:

We offer comprehensive internal audit services to help you assess the effectiveness of your internal controls, risk management processes, and governance structures. Our team works closely with your internal audit department to develop a risk-based audit plan, conduct audits, and provide practical recommendations to enhance your company's internal control environment.

G. Regulatory compliance audits:

Our team can assist you in meeting the requirements of various regulatory bodies by conducting compliance audits. These audits evaluate your adherence to specific regulations, such as anti-money laundering, data protection, or industry-specific regulations. We provide a detailed report on our findings and offer guidance on addressing any identified compliance gaps.

SELF ASSESMENT SERVICE TAX RETURNS

• It is important to remember that after a taxpayer has paid their advance and if there are any tax dues which need to be paid after the end of the financial year, they have to be paid as self-assessment tax. A tax payer before filing his or her income tax return is required to pay the selfassessment tax.
• Just submitting your self-assessment on time is not that important. You need to ensure that it is error-free of any unintentional mistakes. While there are penalties for not meeting the deadline when it comes to filing your self-assessment.
• The right source can make all the difference. Try it! It is better to ask where unsure. Thus, if you find that you are in greywater, then instead of a guess, you should ask a professional.
• Not only will an accountant prevent you from making a mistake, but you can also work out areas that might be to your benefit. That is why the records that you keep need to be correct so that you put in the right information.

a. Tax Return Preparation

Our team of tax professionals will prepare your self-assessment tax return, ensuring it is accurate and free from errors. We will identify any deductions, allowances, or reliefs you may be eligible for, helping you minimize your tax liability.

b. Tax Planning and Advisory Services::

We provide personalized tax planning and advisory services, helping you understand the tax implications of various financial decisions and identifying opportunities for tax savings. Our team is available to answer any questions or concerns you may have about your self-assessment tax return.

c. Filing and Compliance:

We will file your self-assessment tax return on your behalf, ensuring it is submitted within the required deadlines and in compliance with all relevant tax laws and regulations. We can also help you manage your tax payments, including calculating and arranging payment for any self-assessment tax due.

d. HMRC Disputes and Investigations:

If you find yourself subject to an Her Majesty's Revenue and Customs inquiry or dispute, our team is here to help. We can provide expert advice and representation, working with you to resolve any issues and minimize the potential impact on your tax position.

e. Professional Support:

Engaging the services of a professional accountant can help ensure that your self-assessment tax return is completed accurately and on time. Our team at Right Ratios is dedicated to providing personalized support, guiding you through the process and answering any questions you may have. We are committed to helping you navigate the complexities of self-assessment and ensuring your tax affairs are in order.