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Reduction in the Dividend Allowance
It was announced in the Budget that the Dividend Allowance will be reduced from £5,000 to £2,000 from April 2018.Read more >
16 Apr 2017
Making Tax Digital for Business update
Extensive changes to how taxpayers record and report income to HMRC are being introduced under a project entitled Making Tax Digital for Bus...Read more >
15 Apr 2017
Class 4 National insurance u-turn
One of the significant announcements Chancellor Philip Hammond made on Budget Day was the proposed increases to the main rate of Class 4 Nat...Read more >
14 Apr 2017
Beware of SPAM emails claiming to be from HMRC
Prime Accountants Group is advising clients to be extra careful when opening SPAM emails.Read more >
24 Apr 2017
Xero now has over one million subscribers!
At Prime we love Xero and have been fans from the start! It gives us immense satisfaction to see that Xero have now got more than One Millio...Read more >
7 Apr 2017
Pool cars - are you satisfying the five conditions?
Another tax case has been lost by a tax payer due to them failing to satisfy HMRC that a company car was in fact a pool car.Read more >
13 Mar 2017
Contact Prime Today
To discuss how our Virtual Accounts Office operates, please contact us for a free initial meeting.Please Email Us >
Virtual Accounts Office
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.
Prime VAO allows you to hand over all responsibilities involved in running an accounts function to a well-established and reputable firm of accountants, with the confidence that all of your statutory and legal obligations will be fulfilled in a timely manner and the issues relating to employing technically competent staff, business continuity or system failure are removed.
Through our flexible managed accounting offering, you can decide exactly which services you require:
- Invoice handling – including electronic scanning, authorisation via secure Internet and supplier payment
- Sales, purchase and nominal ledger production
- Sales and purchase order processing
- Payment of your suppliers via our BACS Bureau
- Management reports with full explanation and weekly flash reports
- VAT returns preparation and submission
- Credit references and credit control
Prime’s Virtual Accounts Office can help businesses from their earliest stages, who want a complete service, or assist larger companies that do not want the overheads of a full internal finance function. For all of our clients it provides the following benefits:
- Allows you to focus on your core business
- Provides peace of mind that it’s done
- Fully backed up data
- An office of experts to deal with suppliers’ queries and payments
- No need to recruit trained and competent staff who are liable to holidays, sickness etc.
Prime VAO is designed to allow you to really dedicate your time to growing your business, rather than having to cut your way through red tape and bureaucracy. The Prime VAO can be tailored specifically to meet your individual needs and can provide as much or as little support as is required.
Call Prime Today - we're here to help
To discover the full extent of what we can offer, or to arrange an initial consultation, please contact Kevin Johns at Prime Virtual Accounts Office.
Coventry - 024 7651 8555 or Solihull - 0121 711 2468