Lambert Roper & Horsfield Limited Accountants Calderdale, Huddersfield
You are here: Home » Business services in Calderdale » Management Information

Management Information services in Calderdale


Every business needs up to date management information to allow managers to manage effectively and make decisions that will deliver real benefits.
We offer a range of services designed to provide the information you need, including regular meetings to discuss the results with you.

Whether you are looking for ways to improve your in-house accounting or help in setting key performance indicators against which to measure your business performance, we can help. Our services include:

  • general advice on bookkeeping and accounting systems and procedures. We’ll also highlight potential improvements to your accounting systems as part of our annual accounts review meeting.
  • installing accounting software tailored to your business’s needs. We are specialists in Sage Line 50.
  • training by our qualified accounts staff
  • telephone support for your Sage system
  • review of your own records at monthly, quarterly or other intervals and conversion to full management accounts
  • full bookkeeping service
  • full VAT accounting service
  • designing bespoke key performance indicators.

To find out more about how we can help you, please contact LRH accountants in Calderdale.

The New LRH Client Portal


We are delighted to announce that the LRH client portal (powered by Onvio, a Thomson Reuters company) is now fully operational… Continue reading →

Get in touch!


Telephone: 01422 360788

Email: mail@lrh.co.uk

"We provide proactive and timely advice, based on an in-depth knowledge of our clients and their businesses."

Nick Frost, Director

"Accurate and timely information is essential for business owners and enables them to make the right decisions."

Sam Mitchell, Director

 
 

Latest News

Is 2025 your year to incorporate? Here are our top tips

January 16th, 2025

Nearly 900,000 companies were incorporated in 2024 – an 11.2 per cent increase compared to 2023. More entrepreneurs are recognising the benefits of limited companies.

The advantages of limited companies include limited personal liability, mitigated taxation and greater exposure to investment opportunities.

To help you start your journey towards limited company status, here are our top tips:

Research

Taking the first steps towards incorporation should not be taken lightly. Whilst it limits liability if things go wrong, it does come with some strict compliance requirements in regard to regular reporting to Companies House, which you need to prepare for.

Paying yourself

As a director, you can pay yourself via salary, dividends, or both to maximise your take-home pay.

The most efficient approach is often to pay yourself a lower salary, so you are not liable for Income Tax or National Insurance Contributions (NICs), but still contribute enough towards your state pension, and take the rest as dividends, which is subject to a lower tax rate.

Be aware that it may not always be possible to pay a dividend if your profits aren’t sufficient.

Structuring your company

When considering the distribution and management of share rights in a limited company, several key aspects must be carefully planned and managed. You will need to define how dividends are paid, voting rights and share structure.

At this stage, you may also need to discuss a future exit, including transfer, drag-along and tag-along rights.

As part of this process, you will need to address how the shares and shareholder rights align with the company’s Articles of Association.

Open a business bank account

Open a separate bank account for your business as soon as possible. Some founders make the mistake of thinking they can mix personal and business finances at the beginning, but it makes applying for reliefs and paying taxes more complicated as you have to declare what each transaction is for and when it was made.

Treat your business like a separate entity (because it is)

If you plan to inject personal funds into your company or take money out, do it properly through a Director’s Loan Account.

Make sure to detail each transaction going in and out of the business and never take out excessive amounts of money, as this can attract attention from HM Revenue & Customs (HMRC) and lead to fines.

If you are considering incorporation, you should seek professional advice and ongoing support to reduce the potential for errors and non-compliance with Companies House regulations.

Ready to take the next step? Contact us today for expert advice on incorporating your business.

< |||| > 1 2 3 4 5

Subscribe to our newswire

Want the latest news and tips from us? Enter your email address below.


    captcha

    I am happy to receive newsletters and promotional information from Lambert Roper & Horsfield.

    If you would like to see full details of our data practices please visit our Privacy Notice and if you have any questions please email data@lrh.co.uk.