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Are You an Accountant or Accounting Firm in London Looking for Helping Hands? Try Our Rewarding Accounting Outsourcing Services

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If you are an accountant or an accounting firm looking for helpings hands in London to help you overcome the workload and stress of the tax season, then Affinity Outsourcing, welcomes you to explore the option of our rewarding accounting outsourcing services. With more than 30 years of industry experience, Affinity Outsourcing is well known for offering professional and error free accountancy outsourcing services to businesses in London.

Affinity Outsourcing is the first choice for accountants looking for a way to increase their profit margins, grow their business and improve client satisfaction. Here’s a list of top 8 rewards that comes by hiring our accounting outsourcing services, and they are;

8 Rewards of Hiring Affinity’s Outsourced Accounting Services;

1. Reduce Your Workload: Accountants are usually occupied throughout the years, and when the tax season starts, they are under immense workload and stress to finish the work before the deadline. Our outsourcing services are designed to set your free from the workload and stress by offering you precise accounting services.

2. Time Saving: When you don’t have to occupy yourself in any sort of accounting tasks, you will be free enough to focus on the ways to expand your business and client base. You can focus on core business activities and leave all your accounting related tasks upon us.

3. Business Continuity: No more worries about covering periods of absence due to holiday and sick leaves. There’s a team of experienced accountants at Affinity available to assist you at any point of time to ensure your business operates uninterrupted.

4. Our Services are Cost Effective: We are more economical than hiring an in-house accountant or a bookkeeper. Moreover, you are free to add or remove the resources as and when required as per your requirements.

5. Flexible Hiring Modules: You can scale our services up or down in line with your accounting needs as your business grows. Moreover, during the tax season, we also allow our clients to hire more employees on the hourly basis and release them once the tax season is over.

6. We are Responsive: We don’t leave any email or query unanswered. You have instant access to knowledgeable and experienced London based accounting and bookkeeping experts who will answer your questions. We would love to assist you at any point of time.

7. Day-to-Day Reporting: We always send a day-to-day report to our clients. Moreover, we can also create the management reports you need for your head office in the format they specify. We will take care of complexities of group reporting such as currency conversion, transfer pricing and intercompany debt.

8. No Missed Deadlines: As we are on your side at every point of time, there are no chances of missing any deadlines. Our dedicated team work to your deadlines, not ours.

Outsourced Accounting Services for Businesses at Every Stage

Whether you an accountant or an accounting firm, our comprehensive offering of outsourced accounting and bookkeeping services can help you run your day to day operations more efficiently and cost effectively. All the work produced by Affinity Outsourcing is guaranteed to be of the highest quality, guaranteed to be completed on time and guaranteed to improve your profit margin.

Contact Affinity Outsourcing to find out how we can help you run and grow your business. Click here https://affinityoutsourcing.net for a free consultation and to kick start your risk-free trial.

Here are How QuickBooks can Improve Your business’s Cash Flow

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It’s not surprising that Intuit’s QuickBooks has been named as the best accounting software for small businesses in 2019. It not only helps a small business streamline the entire bookkeeping and accounting system, but it can also be used as a tool to help inform a business’s financial management strategy.  In fact, many small business owners make use of QuickBooks to enhance their company’s cash flow. Here are 3 ways you can use QuickBooks to improve cash flow in your business:

Make use of QuickBooks for Billing and Collection

A really recommended way to enhance your cash flow is to ensure you are regularly collecting your payments from customers and clients, and optimize your method for how you get paid. QuickBooks allows a small business to accept payments via credit cards and also via mobile. Things are made quite simple with QuickBooks – businesses can email invoices to customers with the payment link. Once the payment is made, QuickBooks automatically posts the payment to the customer’s account receivable, saving you the time of having to input the data manually.

The faster and the regular you get paid by your customers, the better your cash flow will be. With more cash on hand, you avoid wasting valuable time on collections, and you can take advantage of early payment discounts and interest earned on more money in your bank for more days.

Make use of QuickBooks to Download Bank and Credit Card Statements

Businesses using QuickBooks can set up a system by which they can download the bank and credit card statement online. This will offer you more realistic view of their current cash flow situation. You can quickly pull up these balances to gauge where your cash flow is in order to make more informed spending decisions right then and there.

Make Use of QuickBooks to Forecast Cash Flow

With the help of QuickBooks, you can create a 13-week cash flow forecast reports to help you take better financial decisions. QuickBooks users can download Accounts Receivable, Accounts Payable, and Recurring, Non-Payable Expenses from QuickBooks and lay them out in Excel to analyze the data and predict cash flow over the course of the next 13 weeks. This data can help businesses take better business decisions and even plan further ahead for the future.

If you are unable to manage your cash flow properly, then there are chances that your company may face a risk of failing. Therefore, it is advisable that you manage your accounts properly and regularly. Don’t let your business become a statistic; do your homework.

If you need help in managing your QuickBooks or any other accounting related tasks, then feel free to contact us at Affinity Outsourcing https://affinityoutsourcing.net. We are accountancy outsourcing company with more than 30 years of industry experience. Contact us for a free quote and consultation as well.

Tips to Efficiently Manage the Real Estate Bookkeeping Forever

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While the worldwide real estate industry is by all accounts is developing at a promising rate, business owners associated with this industry have been confronting a few difficulties generally, for example, credit crunch, decreased loaning, diminished development, lull, lessened costs of business properties, value befuddle amongst dealers and purchasers, fewer developments occurring, and so forth. According to a report by Forbes, the industrial real estate sector is anticipated to perform better in 2018 when contrasted with commercial real estate. Truth be told, the worldwide land industry income is anticipated to increment in the following 5 years.

As the real estate industry provides plenty of opportunities for high-volume exchanges, it is vital that players in the worldwide real estate keep an eye on the inflow and outflow of cash, almost on a regular basis. However, business owners associated with real estate find it difficult to maintain books of accounts themselves. Bookkeeping regularly can help you stay over the top of your financial standing.

Tips for Efficient Real Estate Bookkeeping

#1: Update your Accounting Books Timely:

Bookkeeping, of course, is a fastidious procedure and it must be discovered that all books are refreshed frequently to limit blunder and provide the greatest visibility. Frequently, small real estate firms tend to overlook the accounting tasks as a result of the dreary idea of the undertaking.

In the event that you think that keeping up records or undertaking these unremarkable strategies isn’t for you or your business, your accounting (bookkeeping) can be outsourced to associations or specialist organizations that not just deal with your fundamental accounting needs, but also takes care of basic bookkeeping needs such as account maintenance, ledger services, forecasting, and budgeting, but also undertakes a lot of bookkeeping related services such as, financial reporting including risk assessment, profit, and loss statements and maintaining expense ledgers and balance sheets.
#2: Perfectly Record Maintenance:
Whatever is the domain of your business, it is necessary that you maintain a perfect record of all transactions. However, compared to other industries, real estate deals with huge amounts of money at a rapid pace with quick and powerful decision-making powers. With a specific end goal to guarantee that all exchanges move easily, it is indispensable to have an unblemished record book. Your accounting can be as basic as Microsoft Excel spreadsheets, and perhaps a tryst with QuickBooks or more modern, complex choices, for example, FreshBooks, BusinessWorks, Buildium, and so forth.
#3: Classify Costs Correctly:

The real estate industry is filled with a few little costs going out in every single distinctive heading; therefore, it is critical to keep up a perfect record of every such cost. Equally important is to classify costs correctly. Hard expenses are easy to maintain. They are for the most part straightforwardly connected with the item and usually make up for 70% of the project costs. They are substantial elements and for the most part, a decent estimator will have the capacity to land at this number at an early stage absent much room for giving and take. The staying 30% of expenses must be painstakingly investigated and delegated required in order to maintain a strategic distance from future mistakes or torment.

Choose Affinity Outsourcing to Optimize Bookkeeping

At Affinity, we offer bookkeeping services for real estate such as creation and management of general ledger, balance sheet, trial balance, financial statements, expenses ledger, and more. Our years of experience in finance and accounting services have brought us accolades and the support of loyal clients who have been our partners for years.

Contact us to outsource your requirements for efficient real estate bookkeeping services at affordable costs. For a free consultation on how we can streamline your bookkeeping tasks, contact us at https://affinityoutsourcing.net, and Our experts will follow up within 24 hours.

Accountancy Outsourcing Services in London: Is Your Business Ready?

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Business pioneers frequently search for approaches to deal with their organizations utilizing a savvy dispersion plan, private companies and business people discover more imaginative approaches to accomplish their business objectives, these plans bind one of the inquiries that choose for the future utilization of their assets: “Who will chip away at it?”

Outsourcing is ordinarily characterized as an outside administration gave by another business association practicing on the requirements of an organization like extra assets, programming, or innovation all incorporated into a type of a bundle paid each due contract. However, beyond the description of contractual service, an executive should ponder all the underlying factors that lead the company to outsource.

In an article by Forbes on key outsourcing, is it said “Knowing how and when to outsource can be confused, notwithstanding portraying can be entangled. Organizations by and large outsource in two different ways: they outsource a solitary segment of their everyday tasks, or they build up outsourcing as a vital piece of their business”, this implies outsourcing can simply prove to be useful however it doesn’t really ensure accomplishment until the point when you decide certain administrations that your organization is allowed to give up for activities.

Fund and bookkeeping hold a standout amongst the most basic data for an organization as the procedure capacities as an illustrative numerical guide of the considerable number of exchanges of the organization up to its income development. Managing payroll, auditing, tax consultations, and the like are one of the responsibilities held on this area, which means more information, more workload, more paper, and more resources.

On the off chance that a business pioneer has picked to outsource its assets for finance and accounting, what could be the focuses to consider if the organization is prepared to work with an outsider association? Here are the accompanying tips to effectively decide a modified administration bargain:

Systemized Work – Proposed work process with innovation will undoubtedly work with human intercession to control quality and lessen human blunders, F&A exchanges will have the opportunity to wind up robotized and incorporate a procedure recommended by the outsourcing accomplice.

Time and Tools – Access to present-day gear, for example, cloud innovation, cryptographic money, and hard machines advanced adaptability and more information stockpiling. This additionally empowers paperless correspondence and a bigger workspace for office workplaces, liberating them to a pile of papers that hold the most seasoned exchanges.

Experience and Expertise – An outsourced staff should hold passing capabilities, for example, training, benefit understanding, work state of mind, and accessibility. These assets are an augmentation of your organization and will speak to you as indicated by their exhibitions and development.

Training – Outsourcing doesn’t end on getting outer resources to take a shot at the necessities of your organization, a business owner must be prepared to invest in training the designated representatives of the company, and must offer all the details that will serve as their guide in terms of onboarding.

In this constantly rising industry where associations and rivalry is a blend of business achievement, a rising business leader of administration and innovation must experience operational choices that lie between remaining in customary method of bookkeeping or wandering in an advanced stage offered by outer associations that makes utilization of their specific administrations to enhance properties of the organization.

Affinity Associates has an extensive variety of services that help businesses flourish globally. With more than 30 years of experience and its exceptional pool of talents in finance and investment, Affinity can manage accurate and timely accounting reports to ensure that you keep your earnings positive and under control.

If you are planning to change the game plan then, Affinity’s Accounting Outsourcing Services in London and across the UK may help you out. Find more by contacting us here https://affinityoutsourcing.net. For a free Consultation, just dial 0203–848–4450.

Ever Heard About Research & Development Tax Credits? If No, Here’s How It Can Benefit Your Business

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Organizations ( especially small and large) over the UK are passing up a huge number of pounds worth of Research and Development (R&D) Tax Credits that can support the cost of new workers, hardware, re-put resources into encourage advancement, or notwithstanding paying out profits.

Presented by the UK Government in 2000, R&D Tax Credits is intended to energize advancement by enabling organizations to recover a portion of the cash they have spent on building up another, or enhancing a current, item, administration or procedures.

Misfortune influencing SMEs to can guarantee R&D Tax Credit reimbursement from HMRC of up to £33.33 for each £100 spent on qualifying R&D use. Benefit influencing SMEs to can assert R&D Tax Relief which decreases their organization charge by up to 230%.

Regardless of the advantages, under 1% of all qualified UK organizations have ever constructed a claim in view of its apparent many-sided quality and a misconception of what constitutes qualifying R&D action.

R&D Tax Credits Is Not Limited To Tech Or Science

It’s astonishing what number of organizations trust R&D Tax Credits is just accessible to tech new businesses or science labs. This just isn’t valid.

Any business can meet all requirements for R&D Tax Credits insofar as long as they burn through cash on building up another, or enhancing a current, item, administration or process that constitutes a “progress” in science and innovation.

Cases of a “progress” in science and innovation could be an eatery making another formula, a bottling works exploring different avenues regarding another 16 ounces or a business endeavouring to streamline its IT with some restrictive cloud innovation.

Unsure If Your Project Qualifies For R&D Tax Relief? Contact Affinity Outsourcing On 0203–848–4450 For Free Clarification or Visit us at https://affinityoutsourcing.net/

Qualifying R&D Expenditure

You can guarantee cash back on qualifying R&D use, for example, staff costs, subcontractors, consumable materials and gear, utilities (power, water and fuel) and PC programming.

Time Limit

Research and development Tax Relief claims must be presented no later than two years after the year’s end in which the cash was spent. For instance, a business with a bookkeeping year end of April 30th 2017 has until April 30th 2019 to assert or miss out.

Affinity Outsourcing – Specialist R&D Tax Team On Your Side

Affinity outsourcing is a UK owned and managed company providing a range of accountancy and tax services to UK accountants through offices in the UK and India. We are here on your side with more than 30 years of experience. For further information, dial 0203–848–4450 or email info@affinityoutsourcing.net. We also offer a free consultation.

Top 5 Points to Consider Before Opting for Outsourcing Accountancy Services for your Business in the UK

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Accounting is considered as one of the most vital aspects for any business. Yet, at the same time it is one of the most painful, rigorous and bone crunching process that almost no business entrepreneur is interested into. To be honest, no one likes to play with accounts and its other relevant aspects such as tax, bookkeeping, balance sheet, etc. This is why most businesses in the UK, now consider to opt for outsourcing accountancy services. So if you happen to be one in the same field, than here are the Top 5 points to Consider Before Opting for Outsourcing Accountancy Services for your Business in the UK:

1. Experience

Experience of the outsourcing first is the first and foremost factor to be consider. Try finding out beforehand how old the outsourcing firm, how many years of experience does the firm have and how many years does the firm accountants have in handling and managing accounts of the UK businesses.

2. Expertise

With experience comes along the expertise. It is not necessary that all outsourcing accountancy firm possess all knowledge pertaining towards your business. Chances are that your business may not require outsourcing of only accountancy services, but also other services such as bookkeeping, and the firm may not possess such knowledge. In addition, some outsourcing firms may have expertise dealing with only small businesses accounts, some may large, and all these factors should be taken into consideration.

3. Team Strength

So you have find a firm who can help you out with your accounting, has enough experience and expertise, but are they able to deliver you the services on time. What if they themselves are loaded with work and are limited with resources in-house. You do not want your work to be delayed, right. So when the above two points are marked with yes, than confirm about their team strength, so you could get your work delivered on time.

4. Reference Check

The next thing that one should consider prior outsourcing their accountancy work in the UK is about the reference check. Ask for client references, see how their clients were satisfied with their work. This way you will be able to gauge properly and select the one which could turn out to be the best.

5. Affordability

Last but not the least, affordability. Irrespective to how great the accountancy outsourcing service provider is, but if it is out of the budget than it’s a strict no go. You should opt for the one, who matches in line to your budget. Try doing some research, and look for the ones who offer great on-time service, and within the budget. This does not mean that you should look for the cheapest option, yet looking for the affordable one indeed.

If you’re still confused, than contact us at Affinity Outsourcing today.

Value-Added & Lucrative Services That Accounting Firms Can Provide to Their Clients

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If you are an accounting practice in the UK, you should not only be focusing and providing bookkeeping and accountancy services to your clients. Business owners these days, whether small business proprietors or enterprise owners, expect more than just bookkeeping and accountancy services from their partner accounting firm. Therefore, it is absolutely crucial to take the next step and offer value-added and more lucrative services to your clients.

Some of the value-added, and at the same time, lucrative services that an accounting practice in the UK can provide to its small business clients are as follows:

Taxation Services

No one wants to pay more taxes. If there is a possibility to minimise the tax burden, then business owners would certainly want to know about it. As a reputable accounting firm, why not provide tax advice to help your clients reduce their tax liability?

Of course, the tax system is complex, but with the experience you have, you may easily understand and navigate through it. Besides, you already have the essential accounting data of your clients. Looking at this data, you can easily identify all the tax-deductible expenses and advise clients how to reduce their tax liability.

Incorporation / Company Formation Services

Many business owners do not know whether incorporation is the best way to run their business. Help such clients discover whether or not they should incorporate their business. In addition, you can also assist them with the company formation process.

Through incorporation, business owners avail not only limited liability protection, but also tax and other benefits. With the knowledge and data you have of your clients, you can advise whether they should incorporate their business to run more efficiently.

Furthermore, if your clients are already incorporated businesses, you can help them prepare and file the necessary documents to the regulatory authority, which are mandated by law. You can also help restructure their company so that they can reap optimum tax benefits.

Company Secretarial Services

Most businesses do not have adequate resources to manage all their business administrations. Nevertheless, carrying out certain administrative activities, such as maintaining statutory records, submitting statutory returns, etc. is absolutely necessary for business owners. Failing to carry out business administration tasks can levy heavy penalties on business owners and create an unnecessary financial burden for the business.

Fortunately, as an accounting practice, you can extend a helping hand to your small business clients in this regard. Your staff may already possess the required skills to carry out the necessary administrative tasks for your clients. Offer this value-added service and yield lucrative returns.

Financial Advisory Services

Every business owner wants to grow, and the best way they can do that is managing their finances efficiently. Of course, business owners themselves do not have enough time or the knowledge to improve their financial efficacy. But your accounting practice may do have such time and knowledge.

Your accountancy firm already has the essential financial data of your clients. Just process the data using your accountancy skills and identify various tax planning opportunities as well as performance enhancement measures, which you can convey to the clients.

Financial advisory is one of the most lucrative services, and almost every business owner would want to have this value-added package. Providing advisory services will certainly benefit your accounting practice immensely.

Conclusion

Being an accounting practice, providing bookkeeping and accountancy services, is just not enough today. In order to be successful, it is essential to start focusing and providing value-added services to your clients.

Of course, you first need to free yourself or your staff from the time-consuming bookkeeping and accountancy services. Fortunately, you can do that easily by engaging a reputable accountancy outsourcing services firm in the UK, like Affinity Outsourcing.

Affinity Outsourcing is a leading provider of accountancy outsourcing services in the UK. You can outsource almost every function of your accounting practice to us, be it bookkeeping, accountancy, taxation, payroll management, or anything else. We guarantee high quality and on-time delivery always. Unlike other providers of accountancy outsourcing services in the UK, we also guarantee improved margins and growth of your practice.

Outsourcing of accounting services of your practice can be the best way to better and grow your firm. Contact us today for unparalleled accountancy outsourcing services in the UK. To get in touch, click here.