Managing internal accounts, payroll and the complex burden of compliance is a crucial cog in the business wheel. It is also one of the most unattractive elements of running a business. We are perfectly positioned to remove many of the mundane tasks from our clients’ working lives leaving them free to concentrate on the important issues.
For organisations of all shapes and sizes, the benefits of outsourcing are growing by the day. These are not merely limited to cutting labour costs. Buying-in tailored financial expertise can provide continuity, professionalism and value for money.
Our extensive range of specialized outsourced services allows clients to structure a package most relevant to their needs. The development of our outsourcing capability has already proved an enormous success with a considerable number of clients who appreciate the benefits of passing some of their fiscal responsibilities and burden of compliance over to us. Many of them have found that by moving certain key Lubbock Fine services into their business function, delivering tailored financial support becomes viable and cost-effective.
Bookkeeping and management accounting
Many businesses are unable to support the high cost of establishing a proper bookkeeping department and management accounting system. Lubbock Fine specialises in assessing individual clients’ needs then recommending and implementing the appropriate level of service. From providing monthly management accounts, cashflow forecasting and analysis of financial results to preparing cheques for approval and liaising with banks, we are experts in delivering a total service at a fraction of the cost of an internal accounts department.
Payroll
A substantial number of clients now utilize our rigorously professional, bespoke payroll service which keeps them informed of their obligations and makes it easier to pay staff and the tax authority on time. We tailor the payment of wages and salaries on a weekly or monthly basis to clients’ individual needs. Given details of the company’s employees, the service is structured accordingly with relevant compliance matters dealt with alongside the provision of necessary documentation to employees, directors and bookkeepers.
Company Secretarial
For most companies it is simply not economic to dedicate staff to this important function. The statutory obligations can be demanding and if not properly implemented, directors may find themselves liable to prosecution and to disqualification. We provide a safe, efficient and thorough company secretarial function for a growing number of our clients in a professional and cost-effective manner.
Other Services
Our other services include the preparation of accounts, cash flows, budgets, VAT returns as well as handling day-to-day money management. We are also able to supply specialist services for international entities and advice and assistance to new businesses. We can even ensure that invoices and vouchers are kept in an orderly fashion and, if necessary we can assist with VAT inspections.
If you’d like to explore how outsourcing can improve your business, please email
markturner@lubbockfine.co.uk
