Accountancy Services for Recruitment Agencies
Maximising Financial Efficiency and Growth for Recruitment Businesses
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Your Trusted Partners in Recruitment Accounting
At Raffingers, we specialise in providing comprehensive accountancy services tailored specifically for recruitment agencies. With our deep understanding of the unique challenges and dynamics of the recruitment industry, we are your trusted partners in maximising financial efficiency, ensuring compliance, and driving sustainable growth. Our team of experienced accountants combines industry expertise, advanced tools, and innovative strategies to help recruitment businesses achieve their goals and stay ahead of the competition.
Strategic Accounting Solutions for Recruitment Agencies
Customised Financial Support to Drive Success in Recruitment
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Mergers and acquisitions advice
Merging or acquiring another business can give you the chance to grow your market share and achieve your business goals. Our strategic advisers will ensure you are taking the right steps in order to make the best decisions moving forward. -
Raising Finance
Whether you are looking to raise finance for a particular project, thinking about growing through acquisition or looking to sell, our Raising Finance team has the expertise to help you achieve the right solution for your business. -
Cashflow Forecasting
Recruitment agencies operate in a dynamic and competitive environment. Our financial forecasting and planning services help you make strategic decisions to optimize your growth potential. We'll analyse industry trends, revenue projections, and candidate demand to provide you with actionable insights that will drive your agency's success. Stay ahead of the curve with our strategic financial guidance. -
Tax Planning
Navigating the complex tax landscape in the recruitment industry can be challenging. Our team stays up to date with the latest tax laws and regulations specific to recruitment agencies. We will work closely with you to develop a tax strategy that minimizes liabilities, maximises deductions, and ensures compliance with all applicable tax requirements. Focus on your core business while we handle your tax obligations. -
Payroll
Managing payroll for temporary workers, contractors, and permanent staff can be time-consuming and complex. Our accountancy services include efficient payroll management, ensuring accurate and timely payments, compliance with employment regulations, and handling tax and National Insurance contributions. Streamline your payroll processes and minimise administrative burdens with our expertise. -
Profit First
It's time to get profitable! Our Cashflow Improvement System ensures the financial health of your business. Month to month, you'll experience your business becoming more and more financially healthy AND profitable. -
Cloud Integration
Learn how to manage your money, be smart with your choices and take control of your finances instead of them controlling you. -
Marketing and Brand Strategy
Our team of marketing specialists will help you to develop an integrated marketing strategy that will be designed with your business goals in mind. -
Exit Planning
Exit planning allows you to transition your business to new ownership in a managed and systematic way. Whether you want to sell, pass on to a family member or just simply take a step back – taking time to plan now will benefit all involved. -
Start-up Recruitment Agencies
We can help you decide if you need to use factoring, what KPI’s you should be measuring, help with your projections, and generally get your agency off the ground.
RECRUITMENT CASE STUDY
Miles Nicholls - Director at City Executive
Miles Nicholls discusses how Raffingers and Xero have transformed his recruitment business, enabling him to access all of his financial information in one place in order to help drive his business forward. Since working with Raffingers they have a much tighter view of day-to-day metrics allowing them to know month to month and quarter to quarter how much revenue they are going to be generating.
Empower Your Recruitment Agency with Free Downloadable Resources
Valuable Tools and Insights to Excel in the Recruitment Industry
Access our collection of free downloadable resources designed to provide valuable support and guidance for your recruitment agency. From candidate interview guides and onboarding checklists to compliance handbooks and industry trend reports, these resources are specifically tailored to address the unique challenges faced by recruitment professionals. Empower your agency, enhance your hiring processes, and stay informed in the ever-evolving world of recruitment.
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Best In Class: Technology For RecruitmentThe solutions we offer in this document are those that are the most common and which we have tried and tested for our recruitment clients.
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Should Your Recruitment Agency Be Using EMIs?Enterprise Management Incentives Checklist For Recruitment
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Selling your recruitment businessThe recruitment sector is notorious for sales and acquisitions. If your exit strategy is to sell your business, early planning is vital to ensure you obtain the maximum value for your agency.
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Tax Tips For Recruitment AgenciesThese tips are here to help you get more from your recruitment agency and ensure you are running as tax efficiently as possible.
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Cashflow Forecast Template
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Interested In Securing Funding?
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Business Tax Planning Strategies
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Personal Tax Planning Strategies
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One Page Business PlanDesigned to help you plan for the future.
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Reward and Retain Your Key Staff with EMIsEverything you need to know ahead of setting up an EMI scheme.
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How to sell your business and get maximum valueIf your exit strategy is to sell your business, early planning is vital to ensure you obtain the maximum value.
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Tax Saving Benefits For Your EmployeesCompetitive salaries, benefits and culture play a key role in retaining exployees.
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Salary Sacrifice ConversionWhether it is assistance with Auto Enrolment or advice regarding existing company pension arrangements and salary sacrifice, the Employee Benefits team is perfectly equipped and experienced to understand your requirements.
YOUR RECRUITMENT CHAMPIONS
Though being recruitment sector specialists, you can expect unique insights and expert advice to help you run a sustainable and successful recruitment business.
Lee has been at Raffingers since he was a boy in short trousers. His passion is helping clients succeed, grow and be cash rich, and he loves to investigate new technology to see how it can improve the efficiencies within businesses. Lee specialises in helping recruitment companies scale from start-ups to multi-office agencies.
Claire started at Raffingers as a Cloud Manager in April 2019. She graduated from university with a first degree in Accountancy and Finance and now helps Recruitment business owners implement technology into their businesses in order to help them stay on top of their numbers and streamline their processes.
Mehul qualified at a large practice and spent a number of years providing audit, accountancy and tax services to SMEs, professional practices and owner managed businesses.
Mehul enjoys working closely with clients to understand their business beyond the financials to help with corporate finance, strategic business planning, cashflow management and profit improvement to better business performance and financial results.
WHAT THEY SAID:
We talk the talk and walk the walk.
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Raffingers are a vital part of our business. Their entire team are always available to us whether to bounce ideas off or to provide detailed help and support. Their advice has been invaluable as has been their knowledge of the recruitment sector.
Steve Porter, Director at The Placement Group -
The reports that we receive monthly provide us with the essential real-time data that we need to stay on-top of our business finances. Outside of an exceptional service, the team are great to work with and a great asset to my business.
Conan Mulvey, Director of Radley Green
THE RAFFINGERS HUB
We love to talk business and will continue to share with you our business advice and tax planning strategies, helping you to get the most out of your business and your personal finances.
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Tax Considerations for Recruitment Businesses
Running a recruitment business comes with a range of tax considerations, from managing payroll taxes to understanding VAT rules. Learn about the tax considerations that recruitment businesses need to be aware of, and how to navigate them effectively
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How Is the Cost-of-Living Crisis Affecting the Recruitment Sector?
All businesses are impacted in one way or another by the cost-of-living crisis. With everything becoming more and more expensive, how is this impacting the recruitment sector and then more specifically recruitment companies? Read now.
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Professional Services Sector Struggling to Retain and Attract Staff
Many professional services firms have been extremely busy in the last 12/18 months. However, whilst being busy is great, the challenge comes with retaining existing staff and attracting new staff. Discover what is making it hard to recruit right now.
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Recruitment Directors - Are You Being Tax Efficient?
The recruitment industry has picked up following the pandemic, the industry will be making significant profits over the coming years. So, recruitment company directors, after a phase of low earnings and tax, are you paying yourselves tax efficiently?
Top Tax Tips
Our new video series, featuring a variation of advisors here at Raffingers, shares the top tips that will help you save on tax and free up cash.
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Top Tax Tips: Working From HomeMonday 8 November 2021In this episode, Raffingers Partner, Barry Soraff, helps you to understand the tax relief you are able to claim as either an employer or employee, if you are working from home. -
Top Tax Tips: Tax InsuranceMonday 15 November 2021In this episode, Raffingers Partner, Adam Moody, explains how you can get peace of mind and mitigate the stress and disruption of an HMRC investigation, not to mention the costs. -
Top Tax Tips: Research and DevelopmentMonday 22 November 2021In this episode, Raffingers Partner, Neill Staff, explains that many companies are conducting qualifying R&D activities for R&D tax relief purposes on a daily basis without even realising it - and helps you find out if your business is eligible. -
Top Tax Tips: Company Cars and MileageMonday 29 November 2021In this episode, Raffingers Partner, Mehul Thaker, talks through the many different grants available when buying small cars, large cars or vans - through the business. -
Top Tax Tips: Dividends vs SalaryMonday 6 December 2021In this episode, Raffingers Partner, Barry Soraff, talks through the two main ways in which directors can pay themselves, and shares the major differences between salaries and dividends including their individual tax implications. -
Top Tax Tips: Super Deduction AllowanceMonday 13 December 2021In this episode, Raffingers Partner, Yedidya Zaiden, talks through the government’s new capital allowance ‘super-deduction’ hopes to boost business investment and productivity, but good planning & record-keeping are key if you want to take advantage. -
Top Tax Tips: VCT & EISMonday 20 December 2021In this episode, Raffingers Wealth Management's Financial Planner, Andrew Ross, talks through two venture capital schemes; Enterprise Investment Scheme (EIS) & the Venture Capital Trust (VCT). Discover how to take make the most of these incentives.