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The company offered an international courier service to major e-tailers and in spite of its sales levels, did not have the financial management systems in place to support its fast growing multi-million pound business. A review identified the accounting errors being made, which left unchecked, could have created long term problems when the business began seeking additional financial investment. VAT returns had errors on them, plus customer and supplier reconciliations were incorrect. Added to this, the company was in negotiations with a third party to secure additional investment.

RJP started by preparing management accounts to identify the issues to be resolved and corrected past mistakes, to enable an accurate balance sheet to be created for presentation to the investment team. This ensured the client was able to secure the investment capital they needed. We then introduced Sage and helped the accounts team to develop the skills and reporting structure they needed to run an effective financial department in the future.

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6 July 2021 - Important filing deadlines

Company directors take note. The deadline for filing share transfer and benefits in kind (P11D) paperwork is fast approaching. Ensure your forms are with HMRC by no later than 6th July 2021.