Good quality records can tell you everything you need to know about your business, such as how much money you are owed and what you owe to suppliers, as well as monitoring your profit. However, incomplete, out of date records contribute to losing sight of cash flow which could easily result in your business failing but could also lead to incorrect tax returns and ultimately a tax enquiry.

Keeping accounting records is not just to keep HMRC happy or fulfil your legal obligations. It is the only way to see where your business currently stands.

Most businesses will agree that managing the payroll and understanding the ever-changing legislation that affects this function of your business can be frustrating and time-consuming. Prime Paysolve provides a complete payroll solution to take away as much or as little of this burden as you wish and is one of the few firms of accountants that is a registered BACS Bureau.

Prime Paysolve offers a cost effective, hassle-free outsourced payroll solution, designed specifically to meet the needs of Academies.

An effective accounts department is a vital element of any successful business but having the staff, with all of the necessary skills and training, within your company isn’t always practical. Prime’s Virtual Accounts Office ensures that any business can have a professional accounts office and latest technological systems without the overheads of running your own in-house finance function.

At Prime Chartered Accountants we are able to advise on accounts software that suits both you and your business. After all, your choice of accounts software is an important one that can make a real difference to your company’s financial management.

Xero is an online accounting system, ideally suited to SMEs, providing easy access to all your accounting and customer information anytime you need it, wherever you are in the world. Because Xero is “Cloud” (Internet) based, you can access your accounts data anywhere with an Internet connection – even from your Smartphone!

Every new and established limited company has to comply with the statutory requirements of company returns. Our team specialises in all levels of Company Secretarial services which means your business can be assured of statutory compliance at all times.

As a rule of thumb, businesses with less than 50 employees can struggle to justify having their own IT department and therefore opt to buy-in support. As well as looking after Prime’s own multi-site IT networks, the Prime Chartered Accountants IT arm, Prime Technology, assists clients by providing them with cost-effective IT support in the form of pay as you go problem solving.