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Services we offer

We offer subcontracting services to firms of accountants and book-keepers in the UK

Who wants to expand their practice but are not yet at the stage to take on additional resources.
Who are established but want to work on their bottom by employing us at a reasonable rate.

Our services include:

Year-end statutory accounts outsourcing

Outsourcing your year-end statutory accounts will relieve you from this essential but labour-intensive task and free up your senior managers to focus on revenue generating services.

A named contact will co-ordinate the accounts production with you; you just send us your clients’ accounts data either electronically or for scanning as appropriate, and we will produce accounts for you to deliver to your client.

Scope of work

Preparation of working papers including control accounts and lead schedules.
Analysis of income and expense.
Reconciliation of all control accounts with statement balances.
Preparation of extended trial balance.
Posting workings in accounts productions software.
Draft accounts in pdf and iXBRL.
Two-level review of processes.
Filing of accounts with Companies House and HMRC.

You’ll need to provide:

Last year’s working papers.
Checklist.
Software backup.
Current year documents and files.

Software

IRIS, SAPA, CCH, VT, Digita.
Any software you work with.

Reports

Excel working papers with indices, hyperlinks, lead schedules and control accounts.
Full set of accounts.
Abbreviated accounts.
Software backup.

Bookkeeping

In our experience, accountants don’t normally undertake a service like bookkeeping as it is a low-margin and time-consuming activity. Outsourcing allows you to offer it as an additional service, leading to increased revenue and deeper engagement with your clients.

And we make it so easy for you; we will discuss your requirements to ensure we provide you with the reports you require in the format you require, we take your bookkeeping items from you regularly in the most convenient way for you, and we provide reports as agreed within 7 working days from the last piece of information received.

Scope of work

Basic bookkeeping work.
Processing of sales, purchase, bank transactions and all the expenses.
Reconciliation of business bank and business credit card accounts.
Sales ledger control account.
Purchase ledger control account.
Expense analysis

You’ll need to provide:

Sales/purchase invoices.
Bank/credit card statements.

Software

Sage (all versions)
XERO
Liberty
VT Transaction+
Access dimensions

Reports

Monthly/quarterly trial balance.
Nominal ledger.
Aged debtors report and creditors report.

Company start-up and secretarial outsourcing

We have expertise in setting up a company and can help with company secretarial-related duties and statutory requirements too; from registering your client’s company with Companies House, we’ll also provide the necessary documentation to get their business operations underway.

Scope of work

Company formations.
Assessment of current compliance status.
Payroll setup.
VAT registration.
Share transfers.
Maintaining statutory books.
Filing with Companies House.
Replacement of a Director/Secretary.

You’ll need to provide:

A completed Pinnacle Outsourcing Solutions company start-up and secretarial checklist

Software

Online

Reports

Incorporation certificate.
M&A (Memorandum and Articles of Association).
Forms and resolution.
Regular communications and updates to client.
Updated company registers.
New shares certificate as required.

Management accounts outsourcing

Our management accounts outsourcing service is a low-risk way to innovate your client’s financial processes while creating dramatic improvements in business performance and profitability. Our service is completely flexible in terms of the scope of work undertaken and the type of reports and management information your clients’ receive.

You’ll receive bespoke management information, tailored to your clients’ business requirements. All reports are exchanged through a secure online portal to ensure confidentiality and our team of accountants, working to pre-defined KPI’s, collaborates with you to deliver savings of 40-50% on overall in-house operations costs.

At the heart of this service is a desire for efficiency. We will look to challenge existing structures and working practices and wherever appropriate will identify areas where we can suggest improvements.

Scope of work

Sales and purchase ledger management.
Preparing monthly/quarterly management accounts and reports.
Multi-currency reporting.
Profit and loss accounts.
Cash flow forecasting.
Budgetary forecasts.

You’ll need to provide:

Sales/purchase invoices.
Bank/credit card statements.

Software

Sage
Excel

Reports

Cashflow report.
Budget report.
Management accounts with MIS.

Business tax return

Right from tax computation in iXBRL format to filing of returns and discussions with the tax authorities on your behalf, we offer a full range of taxation services. Since 2007, we’ve filed thousands of corporate and personal tax returns each year for our UK accounting clients.

Scope of work

Preparation of business tax computation.
Preparation of CT600 and filing online with HMRC.
Calculation of capital allowance.
Profit apportionment over financial year.
Carrying losses forward or back.

You’ll need to provide:

Last year tax computation.
Checklist.
HMRC filing credentials.

Software

IRIS
Tax Calc
Sage Taxation
CCH
Capium
Digita
CT Pro

Reports

Tax computation report (iXBRL and pdf format).
CT600 (short or full) including capital allowance.

VAT outsourcing

Our VAT outsourcing service for accountants helps relieve the administrative burden and allows them to focus on the core aspects of their practice. We can provide a complete service for your clients’ VAT returns including the following scope of work.

Scope of work

Monthly/quarterly VAT return.
VAT registration.
Use of the Flat Rate Scheme.
Margin Scheme.
Completion of ECSL.

You’ll need to provide:

Sales/purchase invoices.
Bank/credit card statements.

Software

The preparation of VAT returns is based on schemes adopted by your client and are either produced on excel sheets or on the bookkeeping software used by them.

Reports

VAT summary.
VAT report.

Payroll outsourcing

Knowledge-rich, specialist software service such as payroll is difficult to offer without incurring overheads. Despite clients expecting it as part of the service, many accountants turn away these jobs due to the complex requirements. Pinnacle Outsourcing Solutions can help fill the gap.

We provide payroll administrators with full knowledge of PAYE RTI, Auto-enrolment and the use of specialist software like Xero, Payroll Manager, SAGE Payroll, and IRIS among others. We also respond to HMRC or government notices on your behalf, make sure all information is in compliance with RTI, and that you never pay late payment interest.

Scope of work

Monthly/weekly payroll
- weekly/ fortnightly/ four-weekly/ monthly/ quarterly/ annual payroll.
Completion of P11D forms including P11d, P9D, P11D(B) and P46 (car) forms
- completion of statutory forms, including year-end returns, to issue to your employees and submit to HMRC.
Inputting details as for all employees as well as changes that might occur over the year.
- including setting up new companies, employees and keeping up-to-date with the changes throughout the year.
Process information, create payslips and process timesheets,
- change to “Process timesheets, create reports and submit to HMRC.
Administration of pension schemes (auto enrolment),
RTI compliance and submissions.
CIS processing.

You’ll need to provide:

Necessary payroll data on a weekly/monthly basis
- Timely data required to process the payroll
Other basic information, such as:
- Various details listed in our checklist for various set-ups including set-up of a company, employees etc.
- Details regarding changes in the existing set-up like HMRC notice for change in tax code, new starters, leavers, change in address of employees etc.

Software

Payroll Manager
Sage Payroll
IRIS
XERO
Any software clients prefer

Reports

Employee payslips in required format
Employer’s payslip – P30
Employer’s summary
Forms:
- P60, EOY summary, P32, P11, P11D, P45(car), P45
Analysis Reports :
- Employee pay details
- Pension summary reports
- Statutory pay recovery
- Class 1A NIC calculation
CIS Reports :
- Subcontractor payslip
- Monthly return – CIS300

Services we offer

We offer subcontracting services to firms of accountants and book-keepers in the UK

Our services include:

Year-end statutory accounts outsourcing

Bookkeeping

Company start-up and secretarial outsourcing

Management accounts outsourcing

Business tax return

VAT outsourcing

Payroll outsourcing

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