Financial Services
Keeping track of your finances is an essential part of running a business. Understanding  how your business is performing in real time allows you to make better informed decisions, like whether you can afford that new piece of equipment you’ve been eyeing up, or have some extra money to put towards fresh advertising strategies. Whether you are a sole trader, partnership or a small business it is also vital that you keep adequate and accurate records to comply with HMRC requirements.
Bookkeeping
Whether you have a shoe box full of receipts or an accounting package like Xero, we can work with you and even recommend and implement systems to make your life easier.
Our service ensures that all your income and expenses are recorded and reconciled accurately, reclaiming VAT where appropriate. We will also verify the integrity of your records by checking for things such as errors, duplicates or missing transactions.
VAT Returns
Here at The Hive we can support you through the VAT registration process and assist you with filling your return each quarter, even if there if no tax to pay. We will provide you with detailed reports of your sales and purchases, ensuring accurate calculations and peace of mind. Remember, VAT registration is compulsory if your annual turnover exceeds £85000.
Management Reports
Whether you are looking for a broad overview or a deep financial analysis, we have you covered. We can provide you with monthly or quarterly management reports, customised to your needs, to give you an understanding of how your business is performing so you can make those critical decisions such as capital allocation or VAT registration.
Self Assessment
Each year you must file a tax return with HMRC if you are a sole trader or a partner in a business partnership. Don’t leave it to the last minute and let deadlines slip your mind. We can support you in filing your returns accurately and in a timely manner to make sure you avoid HMRC penalties.
Collections
At The Hive we know the frustrations of having unpaid invoices and are experienced in having those difficult conversations with customers. We are skilled in diplomatic negotiations and conflict resolution and can help you in turning non-paying customers into paying ones. We can also support you with initiating civil court claims for non-compliant customers if necessary.
Xero Training
Xero accounting software is an excellent choice for all sized businesses with it’s comprehensive management features, integrated payroll applications and real time financial data reporting.  If you are completely new to software packages, wanting to migrate from a different accounts package, or just want to get the most out of Xero, our training course is for you. Available online via teams or in person, we will leave you with the skills and confidence you need to use Xero for your business to it’s full potential.
Pricing
Hourly
From £25
Perfect for short term projects and solutions to smaller administrative issues.
Start-up
From £300
Ideal for new or young businesses that have no online presence or systems in place.
The perfect package to get you up and running with full training and support provided.
Retainer
From £220
Starting from 10 hours per month, up to full day rates. You choose the level of retained service suitable for your business.
Unlimited email support.
Weekly updates.