CLOUD ACCOUNTANCY SERVICES
We offer a comprehensive range of Cloud accountancy services to support your business.
Welcome to Hermit Business Solutions Services Page. Cloud Accountants based in Shipley, West Yorkshire. We would so welcome the chance to discuss your needs and quote for our individually tailored services. Why not get in touch so that we can discuss how together we can make your business stronger.
We're not just here for year-end. We're here to help your business to grow and to support you all year round 
CLOUD Software, Subscriptions & Support
As Quickbooks, SAGE and Xero Certified Advisors, we offer software subscriptions and ongoing support and training for these packages.
Quickbooks, SAGE and Xero charge a monthly subscription for using their software. By paying your subscription through us it ensures that, if there are any software issues, we will be able to deal with this for you – all included in your monthly fee.
Xero, SAGE and Quickbooks provide excellent support services. However, sometimes a more personal support is needed and that's where we come in. We will guide you through your query and, where necessary, will use remote access to show you how to perform the task visually.
We will either assist with this or deal with it for you. As part of the service we will ensure that you have robust processes and good routines for working with your cloud software
Making sense of the vast amount of information available on the internet can be mind-blowing. Professional training can help with seeing the wood through the trees. We ensure that processes are set up robustly from the beginning. We will ensure that your staff are fully trained to operate the system and, if things go wrong, we can remotely guide you through your issues.
Process Implementation and Change Management services
Change is inevitable but we can help to make things easier
For things to run smoothly, robust processes need to be put in place that are easy to follow. Whether you deal with things in-house or we share the job, everyone needs to know what is needed and when. Our responsibility to make this happen.
Change is difficult to deal with - especially when things have 'always been done this way'. We help to negotiate the path to your new accounting processes with the minimum of upheaval.
Once you are up and running it doesn't have to end here. We offer an ongoing support service so that when things go wrong you don't need to worry - we're right there with you to get you back on course.
Understanding financial information is not easy and requires training to fully get the most out of the numbers that you see. If you don't understand the numbers then they can't help your decision-making. We analyse the numbers for you and explain how they can be used by you to make well-informed decisions to guide your business forward
POPULAR Services
Our compliance services ensure that you are compliant with Government legislation.
As a limited company, you are required to prepare statutory accounts and submit these to Companies House and HMRC annually. We keep an eye on your deadlines and ensure that everything is taken care of on time. We advise you of your liabilities to HMRC and ensure that you don’t receive fines or interest due to late submission.
As a sole trader or partnership, you are required to prepare accounts for the trading year and to submit these to HMRC annually. We keep an eye on your deadlines and ensure that everything is taken care of on time. We advise you of your liabilities to HMRC and ensure that you don’t receive fines or interest due to late submission.
The preparation and submission of a tax return is a time-consuming process. We have to ensure that all of the relevant information is submitted to avoid tax-avoidance queries. We calculate your tax liability and ensure that you are advised of the amount to pay well before the payment is due. We will provide you with a tax return checklist to ensure that nothing is missed and to ensure that we are having conversations about all of the relevant income lines. Once you are happy with the return and we have received your approval we will submit the return in plenty of time to avoid penalties. By using this service, you will automatically be covered under our tax investigation insurance so that should there be any query about the submission we will undertake the communication with HMRC on your behalf.
To keep you on track we can perform monthly or quarterly checks on all of your data. We provide reports so that you can keep updated on your business performance all year round. We also analyse this for you and show you how to understand it. If you prefer charts then we can do this too.
ADDED VALUE services
Here are additional services that we offer which you may want to consider. They will add value to your business by providing that extra layer of information which can be the difference between success and failure. Most of these services are performed in larger companies to help them to keep a step ahead of the game so why shouldn’t you use them?
Once you get to grips with how your business is performing on a monthly basis it may be useful to adopt a longer-term view of where you want the business to be and what you can achieve.
Preparing a budget puts your plans into numbers. By having a plan in place, you create goals. Obviously, goals are always good for driving a business forward.
Cashflow is King 
We have seen many companies fail not because they are not viable but because they did not commit enough attention to cashflow control.
If you do not have sufficient funds to meet your financial commitments then you are lost. We will set up your 12-week forecast and set this up to auto-populate. Going forward, the model will continue to provide you with business-saving information.
How many times do you hear yourself/your staff say ‘that’s just the way that it has always been done’? This is not a good thing In order for a business to grow and evolve, accounting processes need to change in line with changing operating demands.
Using an external resource to take a fresh look at your accounting processes can help. We guarantee that you will see improvement within your accounting efficiencies – if not then we will refund your fee
You know the things I’m talking about. The balance sheet account that makes no sense. The stock difference that you can’t figure out. The random cash differences that occur and how to prevent them.
It’s not easy to find the resources to commit to resolving such issues. That's where we come in. We will assess the problem and provide a ball-park figure of how long we think that the task will take. We will establish parameters so that you know what outcome to expect. At every stage of the reconciliation you will be kept informed as to our progress. At the end of the process …… problem solved
There are many decision-making tools available, both financial and non-financial, which can help you to better manage your business. Examples are :-
Benchmarking
KPIs (key performance indicators)
Balanced Scorecard
Make or Buy Decisions
Supply Chain Controls
SWOT and PEST Analysis
PLEASE ASK FOR FURTHER INFORMATION – YOU WON’T REGRET IT 😊
One-Off Services
These are charges that will only apply once/once a year and are generally charges for setting up services.
You’ve got a great business idea but where do you start?
The first step is to prepare a business plan. This will put everything into perspective and will help you to see on paper how you will create a successful business. Your bank loves your business plan and you’re ready to go but…….how will you cope with the financial and legal aspects of running your new business? How will you find the time to commit to your new venture AND deal with paperwork?
Fear not 😊 we will help you to:
- prepare your business plan
- decide on the most suitable structure for your business – do you want to be limited or not?
- assess your cashflow and ensure that you have sufficient funding in place to support your new venture
- deal with statutory registration procedures with Companies House and HMRC
- deal with company secretarial issues
- set up a recording system for your internal use and for complying with statutory requirements
- help with the installation of accountancy software
- provide all support services that you could ever need for a monthly fee
An annual form confirming that your company is still active and that there have been no changes is required to be submitted to Companies House within a two- week window each year. It provides details of the company address, directors, shareholders and principal activity of the business. If this form is not submitted on time, then Companies House can close your company.
There is a significant amount of work involved in forming a company and ensuring that all of the legal formalities have been taken care of. If we set up your limited company then any queries relating to your company on an ongoing basis will be our responsibility and we will ensure that your company operates within the legal framework of Companies House and HMRC including administrative queries.
