Empowering Businesses to Thrive: Expert Business Consultancy with Accounting and Bookkeeping Focus
At RANKOR LTD, we provide specialized business consultancy services with a focus on accounting and bookkeeping. With years of industry experience, we offer comprehensive solutions in financial analysis, budgeting, tax planning, and cash flow management. Our dedicated team becomes your trusted partner, committed to your success. We take the time to understand your unique challenges and offer tailored guidance to drive growth and profitability. With professionalism, integrity, and a commitment to excellence, we deliver accurate and compliant services. Experience the difference of our personalised approach and let us be the catalyst for your business's success.
Small business guidance
Whether you are a long standing or a start up we can assist you in key aspect of your business structure. With our focus on all aspect of accounts depart of your business we can take care of it from setting up fresh accounts and dealing with HMRC and other matters.
Data for management
Analyse, prepare and present business accounts data with focus on internal management decision making. Working closely with the small company managers and directors helping them to take key business decisions to organise, reduce cost, improve revenue.
Need to check on a special task without employees knowing about it? We can assist you with internal investigations whether its in the accounts department or overall in your business. We will investigate and report you the facts and findings.
Elevate Your Business Credit Score with Our Expert Guidance
Unlock new opportunities and secure a brighter financial future for your business with our specialized Business Credit Score Improvement and Management Service. A robust credit profile is the cornerstone of financial success, opening doors to better financing terms, supplier agreements, and growth opportunities.Find out more on business credit score
Rescue your accounts
It doesn’t matter if you made a mess of your own accounts. We will rescue your bookkeeping and clean up your accounts to get your numbers make sense again.
HMRC & Corporation tax
Issues with your VAT, PAYE, EPS Reporting or Payroll return? We can assist you with these problems by liaising with the relevant departments from HMRC, Pension or any other parties.
Our team here at Rankor Ltd can provide your business with full payroll services to clients across the country. When it comes to payroll the team at Rankor Ltd have years of experience, so you can trust that your payroll will be in the safest of hands.
Complete package of services to startups with step by step guidance
We offers a complete package of services to startups, from setting up the business to setting up the website. Our team of experienced consultants can help you with everything you need to get your business off the ground, including:
- Financial planning: We will help you develop a financial plan that outlines your startup costs, revenue streams, and expenses.
- Legal and regulatory compliance: We will help you ensure that your business is compliant with all applicable laws and regulations.
- Website design and development: We will design and develop a website that is user-friendly, visually appealing, and search engine optimized.
- Marketing and promotion: We will develop and implement a marketing and promotion plan to help you reach your target market and generate leads.
We understand that starting a business can be a daunting task, but we are here to help you every step of the way. With our help, you can increase your chances of success and achieve your business goals.
Frequently requested emergency accounting support
You only wanted to register for PAYE service but received a penalty from HMRC? This could happen as HMRC think you should be sending monthly RTI with all relevant information even if you do not have any employees. We can fix this on behalf of you using our payroll software to send the required reports to HMRC as one time or on regular basis. Get in touch with us to fix your payroll issues.
It is recommended to reconcile your bank statements on a monthly basis. This ensures that your records accurately reflect the transactions in your bank account and helps identify any discrepancies or errors.
As a general guideline, you should keep records such as receipts, invoices, bank statements, and financial statements for at least 3 to 7 years. Consult with a tax professional to understand the specific document retention requirements for your business and location.
It depends on your comfort level and the complexity of your business. While some small business owners choose to handle their own bookkeeping, hiring an accountant can provide expertise, save time, and help ensure accurate financial records. Consider your budget and the value an accountant can bring to your business.
There are several ways to improve cash flow, such as monitoring and controlling expenses, invoicing promptly, offering incentives for early payments, negotiating better terms with suppliers, and having a cash flow forecast to anticipate potential shortfalls or surpluses.
Deductions vary based on the specific business and tax regulations in your country. Common deductions include business-related expenses such as office rent, supplies, employee wages, marketing costs, and professional fees. Consult with a tax professional to ensure you are claiming all eligible deductions.
You can streamline bookkeeping by leveraging accounting software that automates tasks, such as invoicing, expense tracking, and financial reporting. Setting up systems for organizing receipts, implementing cloud-based solutions, and utilizing bank feeds can also simplify bookkeeping tasks.
Key financial reports to review include the income statement (profit and loss statement), balance sheet, and cash flow statement. These reports provide insights into revenue, expenses, assets, liabilities, and cash flow, helping you make informed decisions and identify areas for improvement.
Get in touch
Need our expertise or got a question? Contact us on +442037642627 or drop us a message using the form. We will get back to you within 24hrs
We work with small businesses around the United Kingdom online or onsite. Locality throughout London and Luton, however we can visit your premisses if needed.