An affordable, transparent, fully- integrated, outsourced financial service.
Our Virtual CFO service partners you up with a remote team including Doug and Stephen who will act as your lead contacts and who will manage the service entirely for you.
As Tax Partner, Doug will help guide you and your business to success. He will take care of the personal tax affairs of all owners as part of our service. This includes, but is not limited to, tax reporting, support with other professional services, for example, mortgage brokers or financial advisors. We adopt a forward planning posture with personal (and business) tax so that you have predictable understanding of the timing and amounts of tax payments.
The team will be built with redundancy within it – such as holiday time – so the service never stops. Unlike an employee recruited by yourselves, if someone is ill or on a break, the work won’t stop. It truely is a 24/7/365 service.
If you’re a growing service-based business that now needs professional financial advice, but can’t afford a full-time CFO or controller, our Virtual CFO Services are a perfect fit.
1. We provide an integrated accounting and tax service specifically for owner manged small businesses.
2. We offer an outsourced finance function that delivers timely, accurate financial management to support your business growth and success.
3. We deliver this through a combination of cloud accounting to keep on top of the data in the business and then we convert it as soon as possible into useful, summarised information to enable owner managers to take informed decisions, maximise cash flow and capital utilisation to enhance profitability.
4. We meet with you regularly (usually via video call) to explain the work we have done, go through the reports and deal with any matters of current concern in the business. These calls can be 1 to 1 or with members of your team. We will usually run a cycle over a quarter comprising : forecasting, current issues, reporting but this can be varied to suit your requirements.
5. Your engagement with us is based on a single fee to cover all your requirements throughout the year for both the business and your personal tax affairs. We operate a “no surprises” policy that you can rely on.
6. Our service for the business includes all bookkeeping, management and internal accounting reports, end of year procedures, statutory accounts and corporation/partnership tax returns as applicable. As you would expect, all PAYE, VAT and Corporation and Personal Tax returns are taken care of too.
A straight-forward, migration process – Get up and running faster, for less, than recruiting a new CFO.
1. Call us or fill in the enquiry form. We are approachable and friendly and very conversation is in confidence.
3. We will meet with you to understand your present systems, how you run your finance function now and what expectations you have for improvement or change.
4. We will work out a proposal for you. This will envisage a two month period where we will gather information from you and your present systems and bring you onboard as a client.
5. For the first two months we will run your existing systems in parallel to minimise disruption and only change to any new systems you agree we should put in place when transfer to these can be facilitated with no/minimal interruption.
6. We will agree a program to enable us to transform your existing systems to reduce risks of data/human error in data processing, reduce bottlenecks in data collection and processing get you to as near real time financial information as can be reliably achieved. Your finance function will become an asset to the future growth and success of your business.
7. Once on top of your accounting needs we will provide regular timely information to enable you to remain well informed about the status of your business finances and to optimise capital utilisation for ongoing success.
8. We will remain available on an ad hoc basis for any issues, and we will prepare and report all financial aspects of the business in useful timely reports that give you structured advice about recent events, such as KPI’s and trends , as well as enabling you to take decisions informed by useable business information.
