Make an impact by starting a business and getting a professional team with experts who provide services to new start-ups.
Watermill Accounting assists creative and technology entrepreneurs who want to manage a firm that generates recurring revenue while also impacting their families. They help creative agency entrepreneurs in growing their businesses while saving for retirement.
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Learn more about their accounting services, business planning, and efficient workforce in this Watermill Accounting review.
Table of Content
Watermill Accounting Overview
Watermill Accounting has worked efficiently for over 11 years, giving services and great knowledge to each small business. Tax credit, bookkeeping, payroll, tax, VAT management, company planning, startups, SMEs, and R&D are some of the services.
Their experienced staff has provided the most excellent services in various industries, including business workers, new businesses, and individuals.
The staff will provide you with the best services because of their extensive understanding of bookkeeping and efficient working methods.
Services Offered By Watermill Accounting
Watermill Accounting offers payroll and pension services along with R&D tax credits, a finance controller, and a scale programme.
Payroll Services
Watermill Accounting provides services that are particularly tailored to your needs. If you are new to payroll services, they can set up your payroll from scratch, but if you are currently performing payroll, switching to their service is simple.
They take complete control over the transfer of your existing payroll data from your current payroll system to theirs.
They ask for the information in a pre-defined spreadsheet to accomplish this. Clients who use their payroll service can expect the following after the delivery schedule for payroll data is agreed upon:
- Electronic payslips, P45s, and other regular reports are produced.
- All payroll documents are posted to a secure website for your evaluation and approval. All paystubs have been submitted and will be delivered to your employees on the chosen date.
- There’s no need to send or mail the paystubs. Employees can access a secure web portal to download or see pay stubs.
- Every month, HMRC receives RTI data submissions.
- Each pay period, you will receive an email confirmation of the amount you must pay to HMRC before the due date.
- BACS file transmission and payment to employees, albeit this service, is more cost-effective if you have more than ten employees.
- Setting up an Auto-Enrolment Pension Scheme and submitting monthly reports to pension providers.
- Payroll legislation compliance
- Secure data backup offsite
- Answering questions and providing assistance
- Payroll experts that are CIPP accredited and have a lot of experience
They also handle your year-end procedures, RTI processing, and preceding payroll activities. This involves preparing your employees’ P60 and P11ds and your employer’s P11d(b) and electronic filing of year-end information with HMRC.
Pension Setup – Premium
The auto-enrolment for pensions solution from Watermill Accounting assists you in selecting the best pension scheme for your business by giving a report that compares up to six options.
It will then set up the scheme and send the required data to your payroll provider. Watermill will set up your system once you’ve decided on one. The following items are included in the service:
- Communication with employees
- Putting your preferred strategy in place
- Enrolling staff in the programme
- Providing the Pension Regulator with a Declaration of Compliance
Pension Setup – Basic
NEST will be set up for you by Watermill Accounting (the government pension scheme). The following items are included in the service:
- Communication with employees
- Employees are enrolled in the specified plan
- Providing the Pension Regulator with a Declaration of Compliance
Watermill Accounting Contact Details
You can get in touch with Watermill Accounting to get additional information through the following details:
- Address: Watermill Accounting Limited, Future Business Centre, Kings Hedges Road, Cambridge, CB4 2HY
- Phone: 01223 781290
- Email: [email protected]
Watermill Accounting Reviews
Here are some reviews about Watermill Accounting:
Over the last year, Watermill Accounting has shown to be an excellent collaborator. Patience in explaining accounting processes as we switched between ERP software and guidance on how to maximise R&D tax credit changes has made managing these areas far less stressful and fruitful than it would have been otherwise. There was much cleaning up to do with our past accounting, but Watermill handled it with ease. – Julian Dudley Smith, Fluenta Solutions Limited
Watermill Accounting was crucial in assisting us in establishing our UK office and drafting the financials for the acquisition of intellectual property in the United Kingdom. We’ve now outsourced all of our bookkeeping, payroll, and R&D tax credit claims to Watermill, which has also been handling all of our accounts and HMRC compliance work. Watermill is a responsible accounting firm that has been prompt and efficient throughout our working relationship. They have an excellent workforce that is very accommodating. – Paresh Parekh, Director, Autofina Limited
Before starting my firm, I had never needed an accountant as a professional civil servant, so I wasn’t sure what to anticipate when I hired Watermill. I was pleased with the personalised and diligent service they provided. They explained all I needed to know about taxes in great detail, and my tax return was finished on time and accurately. To top it off, Watermill successfully obtained a large tax refund I was unaware of. They are knowledgeable and pleasant to work with. – Warwick Hawkins, Faith in Society
Summary
They help technology companies acquire traction and attract investors, as highlighted in this Watermill Accounting review. They’ve also claimed millions of pounds in R&D tax credits for their clients.
They understand the difficulties that business owners endure and how important every minute of the day is. Payroll processing for your employees, filing payroll taxes, keeping up with the ever-changing payroll tax rules, and dealing with pension auto-enrolment can take a lot of time.
Why not delegate these responsibilities to them so you may concentrate on the main components of your business?
Full List Of Cambridge Accountant Companies
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