Outsourced Accounting Services

Naturally, our outsourced accounting service will provide you with the necessary guidance and assistance in all of your tax matters. This would include assisting with:

Corporation tax: Along with ensuring your business is taking advantage of any tax benefits or incentives available, we will provide a comprehensive corporation tax service.

VAT: This can be a tricky and time consuming area for many businesses as VAT rules, especially if you are buying and selling internationally and with Europe. We will make sure you are paying the correct amount of Vat and claiming what’s due to you.

International tax issues: If you have overseas offices or even remote employees, then there are a host of international tax issues to address due to differing tax jurisdiction and local tax regulations.

Overseas employees: Care must be taken to ensure UK workers remain under the UK social security regime. Remote workers are now a new category of worker, which include new rules surrounding employment rights, tax, social security, corporation tax and VAT.

Tax investigations: These are often protracted and expensive. Having the right insurance in place to help mitigate the costs is essential. However, our job is to do the best we can to minimise the risk of an investigation happening in the first place. If it does happen, we’ll be with you all the way.

Most companies that do their own bookkeeping and accounting never fully or accurately account for the real costs of doing so. Time is money, so doing your own accounting or having somebody ‘also do the books’, is a real cost to your business, as it could be better spent on growth issues.

It goes without saying that if you let external experts take care of your accounting needs, it frees you up considerably. And, that person who was ‘also doing the books’ can get on with more important tasks, such as customer services. Also, don’t underestimate just what a huge relief being able to trust ‘accountable’ professionals will be to you. A huge stress saving.

Scaling in any business is a potentially problematic exercise. Those who built scaling in specifically will have a plan that matches the expected growth of a business. Naturally, any internal accounting function will need to scale too. Often though, because it’s not necessarily a front line function where the growth of the business is concerned, it’s one of the last functions to scale. When you’ve spent your money of equipping the front end of the company to support a higher level of business, the back office finance department may become stressed and unable to support the growth, as investment has gone elsewhere.

When you outsource your finance function, you need not be concerned about this. You’ll already have a cost estimate that tells you explicitly what it will cost to support your business as it scales. The how though, is our problem.

By outsourcing to a firm such as Sapien, you entrust your business with absolute professionals, experts in their own disciplines and accountable to professional standards bodies. Because they have such wide and varied experience of different businesses, they are able to spot issues and probably resolve them without you ever being troubled. What a relief it would be if you never had to worry about you or a staff member making a mistake on your VAT or tax return and having to deal with the consequences.

Ensuring your business has the right financial tools that put the business essential financial date at the finger tips of those who need it, is paramount. The process of digitally enabling your business can seem a little daunting for some. If you have internal systems that support a home grown accounting function, then some panic may be in order, as updating these systems and ensuring they integrate with those of your suppliers or banks take a lot of effort and likely requires an external fintech company to support it, unless of course you do that yourself too.

If you outsource to a firm like Sapien, none of this is a major concern as your financial systems will be managed by us, in the cloud. There’s no need for expensive office equipment and software support contracts. Access to your critical management data is through secure cloud based accounting services such as Xero. Always on, always available.

Many business owners often forget that their best friend in business is often their own accountant. The same is true for Sapien’s clients. We’re available to discuss issues concerning you about your business. And, as we have experience of many types of business we may be able to suggest solutions to explain ideas that you may have never thought about or considered.