Welcome To L&J's Passion For Finances Limited
We specialise in:
Business Tax Returns
Limited Company Accounts
Cash Flow & Planning
Certified in the UKs leading cloud accounting software's
Want to remove the costs of an internal finance resource?
Have you ever thought about outsourcing your finances?
You could eliminate the tedious day-to-day finance work – enabling you to focus on what you do best!
Day-to-day finance operations can be a costly and tiresome resource for any sized business, at L&J’s Passion for Finances Limited we help many local businesses by providing financial expertise across a number of areas without them having to incorporate the need for employing additional finance staff. You can streamline your business, gain access to the best technology, the best processes and the best people.
Why should i outsource?
- You get more time to spend on what you do best!
- Lower employee Costs / Save on Training / Holiday & Sickness Cover and Save on Employers National Insurance
- Reduce Fraud
- Lower Tax Burden
- Scalability & Flexibility
- Access to Top Software
- Invaluable Advice
- Peace of Mind
Please see below a Case Study example of a previous client who came to us only for help , their business has been transformed and they no longer spend nights worrying about their Finances.
Case Study Example
A local company we work with were raising invoices manually and chasing debt on a daily basis. They were typically receiving payments from their customers after 60/90 days meaning they were often then late with their own supplier payments. The business had poor cash flow protocols, which in turn, was effectively resulting in them not being able to complete jobs and hindering their business growth aspirations when they approached us for help.
Our approach was to set up an initial meeting to get a good understanding of the business, of how it worked now and how they wanted it to work moving forward. This enabled us to formulate a finance plan which we subsequently began to implement straight away.
• Implementation of accountancy software.
• Automated their recurring invoices.
• Weekly collection of paperwork / supplier invoices.
• Some customers set on a direct debit payment basis.
• Weekly ad-hoc Credit control.
• Full control of cash flow.
• Completion of payroll to HMRC and submitted their VAT returns. • Identify cost saving opportunities.
Beyond this, we implemented a monthly meeting to present a copy of their management accounts which gave the business owners a clear picture of how the business was operating financially.
RESULT: 3 years later - the business is thriving, everything is in order and most importantly all the stress has been taken away from the business owner.
In this case study example, the cost for the business to recruit a full-time finance employee was between £18-22,000 per annum in salary. That’s without the additional costs of 13.8% national insurance, holiday pay, sickness costs etc.
Our service in this example cost the business around £1,000 per month which was a significant cost saving.
I thought I had a good accountant until it was pointed out to me where I was missing out by l&j
Stephen Bown Monday, February 8, 2021
Great company, full of great ideas we were able to use! Thank you so much
Jason Hooper Monday, January 4, 2021
Get In Touch!
Address: 5 Broadstone Avenue, Walsall, WS31EW
Email Address: email@example.com