Call for Assistance: 02033 259 341
Spondoo Accounting
Call for Assistance: 02033 259 341
Spondoo Accounting

Company Founders! Get an Accountant that is prepped to scale your start up

May 27, 2021

Accounting Firm built to scale up and down for your business growth

We are accountants that focus on supporting you from bootstrapping the business in your bedroom to getting your initial Seed capital from angel investors, through to receiving your Series A to C funding rounds. This business journey, whether it is slow or fast, demands very different things from your accounting firm at different stages of your growth.

The Normal Compliance Stuff 

Like all accountants we of course do the regulatory items like statutory accounts for Companies Houses, corporation tax filing for HMRC, payroll & workplace pensions, Companies House secretarial duties, as well as VAT returns.

The Start-Up Specialist Compliance Stuff 

It is important to realise that most accountants do not deal with these items every day, so it is key to choose an accountant that has experience doing specialist start up compliance tasks. These could include:

  • Company secretarial filings for Companies House for issuing shares and options
  • Understanding of investment types such as equity subscriptions, convertible notes, and SAFE agreements
  • Enterprise Investment Scheme registrations and ongoing compliance for EIS and SEIS
  • Setup and administration of employee shareholder & option plans
  • Research & Development expenditure and tax credits
  • VAT inspections for repayment traders
  • Debt covenant reporting
  • Tax and payroll for the international workforce

Support Founders Financial Future 

Whether you are a serial founder in later life, or a millennial trying to understand capital gains and dividends for the first time, we are on hand to support you with your personal tax planning and wealth management activities.

Bookkeeping & Credit Control 

It is likely that doing your bookkeeping once a month or quarter is simply not enough anymore as you are now a proper business that needs to monitor cash burn, review business performance and report to stakeholders. Our bookkeeping service can include monthly, 2 weekly, weekly, bi-weekly and even a daily reconciliation frequency to match your growing volumes of accounting transactions. Where required, we can also assist in chasing money from your customers, paying suppliers and even facilitate partnership credit facilities.

Management Accounting & Virtual Finance Director (VDF) 

We are pragmatic, sometimes your business only needs a proper bookkeeping and management accounting service that you can rely on before you invest in a Virtual Finance Director. However, where required we have a list of virtual finance directors who can work with your business onsite or remotely.

Software Development Resources 

It is rare to find, but we are a team of chartered accountants as well as software engineers. If you have a propriety software platform controlling large volumes of your financial or even operational data required to support your financial reporting processes, we are an accounting firm that can call an API, grab data from an SFTP site, or even query a SQL database to get to the data we need. So, suppose you are a SaaS business using online payment gateways, an e-commerce business with an in house inventory management system, or even a fintech platform – in that case, we can setup up automated processes to support your finance function without draining internal resources from your core activities.

Real-Time Financial Dashboards 

We run our own SaaS product that provides PowerBI Dashboards that sync to Xero, QuickBooks and Sage in real-time, while also connecting to other systems within your business like Google Analytics, Salesforce and cash flow forecasts in excel. Whilst we can indeed provide traditional paper and excel based management accounts, we try to make this real-time solution the core of our client business reporting cycle.

Scale Up and Down Resources On-Demand 

Use our team as your complete outsourced finance department or take parts of the service to fit into your existing function. We appreciate this also changes over time require you to scale up the service as you grow, but even scale down again as you start to reach maturity with an in-house finance team.

Get in touch if you are scaling a business needing more from your accountant.

more tips

Can You Claim Food as a Business Expense?

The golden rule when claiming business expenses is that the cost must be “wholly and exclusively” for business purposes. So, where do you stand when it comes to food and drink? After all, everyone needs these things to survive. When does it become an allowable expense? Read on to find out when your business can claim food and drink as an expense.
READ MORE

Self-Employed National Insurance Class 2 and Class 4 Rates

If you are sixteen and over, self-employed (sole trader or in a partnership) and making a profit befitting the ‘small profits threshold’, you are liable to pay national insurance.
READ MORE

Key UK Personal Tax Year Dates & Deadlines 2021/2022

Are deadlines creeping up on you? Spondoo is here to ensure you keep on top of things and take control again. These are the important dates you should take note of.
READ MORE

How To Set Up A Limited Company 

A Step-by-Step Guide  This is an easy-to-understand, step-by-step guide, to opening a successful limited company. But before we dive in, let’s check the legality surrounding it. 
READ MORE

Accountants in Haslemere, Surrey

We are qualified accountants providing personal and professional services for start-ups, established companies and individuals in and around the Haslemere area in Surrey. With the rise in technology, we have embraced the digitisation of accounting using efficient digital accounting tools to offer reliable services to our customers. Our goal remains to get our clients the best accounting and taxation services at the most affordable rates.
READ MORE

Onsite Canteen and Lunch Vouchers - Are They Taxable?

The provision of food and drink to an employee by their employer is a lovely thing to do. Eventually, it promotes teamwork, loyalty, a sense of belonging and even improves productivity. Taking it at face value makes it look like a simple act of kindness. However, unless it is done correctly, it can cause tax and national insurance compliance issues for the employer.
READ MORE
1 2 3 45
LEARN MORE
What the service includes, and how much it costs?
Information provided on the site is merely guidance that may change in line with UK law and regulations. Users must not consider this to be financial advice or their sole resource when making any financial decision. Spondoo is a trading name for Accounting SQL Limited, authorised & license accounting firm under the Institute of Financial Accountants.
© Copyright 2023 - Spondoo - All Rights Reserved
How, can we help?
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram