Elco Accounting

Professional Accountants in Rickmansworth

Our Services

Based in Rickmansworth, Hertfordshire, our professional team offer a high-quality accountancy service to clients, including bookkeeping, payroll services, and more. We’re committed to providing the best services at all times, and we believe that we offer a service that clients will love. Elco Accounting is the first choice for many in the local area, and we’d love to be yours!

Bookkeeping

The last thing you want in your business is to have valuable time and resources tied up with routine bookkeeping and accounting. That’s something we can do for you, either at your office or ours.

We begin by discussing your specific requirements and then set up appropriate accounting procedures and controls and ensure your accounts are fully up-to-date and in compliance with statutory regulations. We don’t stop there. We can also provide you with regular management accounts to keep you informed on essential areas such as:

Bookkeeping

  • Cashflow

  • Profitability

  • Performance Ratios

  • Customer Activity

  • Credit Control

  • Budget Comparisons

In addition, we can also relieve your staff of the burden of preparing:

Bookkeeping 1

  • Payroll Administration

  • VAT Returns

  • Bank Reconciliations

  • Annual Accounts

Company Secretarial

The Companies Act requires companies to submit various documents within strict time limits. Not only is this a considerable administrative burden, failure to comply can also result in potentially severe penalties for directors. We can relieve you of both the burden and the worry by helping with your Company Secretarial duties. Our service includes:

Company Secretarial

  • Preparing and Filing Accounts and Confirmation Statements

  • Maintaining Statutory Registers:

Company Secretarial

  • Register of Allotments

  • Register of Transfers

  • Register of Members

  • Register of Directors

  • Register of Secretaries

  • Register of Directors’ Interests

  • Register of People with Significant Control

  • Register of Mortgages and Charges

Company Secretarial

  • Preparing and Filing Companies House Forms Recording:

  • Changes of Officers

  • Changes to People with Significant Control

  • Changes of Registered Office

  • Increases in Share Capital

  • Allotments of Shares

  • Changes of Accounting Reference Date

  • Preparing Documentation for Annual General Meetings

  • If Required, Acting as Company Secretary of Your Company

  • If Required, Providing Your Company with a Registered Office Address

Human Resources

For today’s employers, the area of human resources is a double-edged sword. On the one hand, recruiting, retaining, and motivating good employees are vital to the performance and profitability of any business. On the other, the sheer quantity of administrative work involved in effective human resources management, the complex tax and regulatory environment, and the increasing need for specialisation in key areas mean that valuable resources of time, energy, and money are often diverted from core business functions to deal with these administrative chores.

We offer a range ofservices to help you manage your human resources more effectively by assisting with:

Human Resources

  • Developing Effective Remuneration Programmes

  • Introducing Tax-Efficient Incentive and Benefit Schemes for Key Employees

  • Conducting Performance Evaluations

  • Targeting Recruitment and Training Programmes

  • Establishing Employee Policies, Procedures, and Handbooks

  • Maintaining Appropriate Records

  • Staying Abreast of Changes in the PAYE and NIC Regimes

  • Understanding and Applying Employment Law

Management Accounts

Whether you outsource your bookkeeping requirements or undertake these in-house, you may choose to engage us to prepare your monthly or quarterly management accounts. Every business owner must have up-to-date, accurate, and reliable management accounts to see how their business is faring, to identify any trends or areas of concern and to take preventative action where required.

We can help you identify threats and opportunities so that you maximise your profit, protect your business assets, and ensure there are no nasty surprises.

Payroll and CIS Administration

Outsourcing Non-Core Business Services

Administering payroll is becoming a considerably troublesome task for many businesses, taking more and more time and resources away from core business functions. Fortunately, payroll can be separated easily from your other accounting activities and outsourced to a specialist agency, such as our team of payroll specialists.

If you operate in the construction industry, you may be obliged to register as a contractor or subcontractor under the Construction Industry Scheme. We will guide and assist you with your CIS compliance, ensuring that your monthly CIS Returns are filedon time, accurately, and with a minimum of fuss. This leaves you to concentrate on your business without worrying that your business could fall foul of the  various penalties and sanctions that HMRC could impose if you make any mistakes.

Our confidential, cost-effective service includes:

Outsourcing Non-Core Business Services

  • Starters and Leavers

  • Code Number Changes

  • Customised and Generic Payslips

  • CIS Calculations and Returns

  • Taxable Benefits and P11Ds

  • Company, Personal, and Stakeholder Pension Schemes

  • Student Loan Recovery

  • WFTC and DPTC

  • Attachment of Earnings and Court Orders

  • SMP, SPP, SSP, and SAP

  • Child Maintenance Orders

  • Give as You Earn

  • Pay in Lieu of Notice and Redundancy Calculations

  • HR Advice

  • Advice on Tax and NIC Payable

  • Processing Payments through BACS

  • Dealing with Employee Enquiries

  • Standard Payroll Reports

  • Production of Year-End P60s

  • Preparation and Electronic Filing of Forms P14 and P35