The growing move towards digital services and cloud technology – driven partly by the Government’s Making Tax Digital (MTD) initiative – means that more and more businesses are looking to move all aspects of their financial and accounting activity online.
The move to online accounting and bookkeeping can improve efficiency, ensure your business meets all its legal and financial requirements, and free up time for you to focus on your real business objectives.
How we can help
At Old Mill we work closely with clients to help them adopt and adapt to the latest technology. As a Xero Platinum Partner, we use Xero as our primary VAT and bookkeeping accounting software.
Xero is a digital automation tool that offers management accounts, data transfer and client reporting, supported by an easy-to-use communications structure. It simplifies the bookkeeping process, moving all aspects online including invoicing, credit control and VAT returns.
We provide Xero training and integration as well as a ‘done-for-you’ service where we manage everything on the platform and submit VAT returns on your behalf.
To chat to us about your plans, get in touch with us or make an appointment with one of our cloud accounting experts at one of our offices in Exeter, Wells, Chippenham and Yeovil.
We will work with clients who may already be using software or who may still be thinking about making the move. As part of our training package, we can support you in setting up your Xero account and moving your records seamlessly.
Remote audit of client’s use of the software and recommendations on how usage can be improved. Delivers a video to the client explaining what findings and app recommendations.
Clients often need a little support to make the transition to cloud accounting and Old Mill understands the challenge its clients face. Our Digital Onboarding and Training service can be as simple as setting up a Xero accounting subscription, a basic training and onboarding service for clients right up to more advanced support to clients who want to go further and use their cloud accounting software to get the best management information to help them to run their business.
Old Mill’s status as a Xero Platinum Partner, our Digital Onboarding and Training Service, our range of digital consultancy services and our growing network of Digital Champions across the firm mean that we are well-equipped to steer our clients, not just through the requirements of Making Tax Digital (MTD) but to get the very best out of cloud accounting for their needs.
Our Bookkeeping team supports clients with Digital record keeping and with the preparation and submission of VAT compliance returns on a monthly or quarterly basis, using the latest cloud accounting software.
Our Bookkeeping service is expanding all the time and we are now able to build on our VAT compliance service to provide management reporting to our clients, maximising the use of technology, freeing up valuable time for your business and helping you to gain better insight into your financial performance as well as joining up with the accounts’ preparation process.
A fully managed service that includes VAT compliance, monthly reporting, RTI, payments and credit control. Records management for accounting purposes.
Sometimes our clients will identify a need to improve the way a particular part of their business is running and will want targeted advice on that problem. Our Digital Advisers will work with our clients to do a deep dive into current processes and make recommendations on how those processes can be improved through the use of technology solutions.
App advisory work will be a follow up service to implement recommendations emerging from Finance Function Review, Debtor Process Review and Xero usage review. BESPOKE PRICING – dependent on complexity of needs
Payroll Services
Old Mill offers a full payroll service including;
– PAYE scheme set up where needed
– regular payments periods (weekly, bi -weekly, fortnightly, monthly, quarterly and annual)
– Pension auto-enrolment
– RTI submission
– Pensions calculations and submission
– sick pay and maternity pay calculations
– processing of joiners and leavers
