Every business needs to keep accounting records up to date to fulfil their legal requirements. In addition with the rise in penalties levied by HMRC for both Vat and Income tax defaults and also Companies House for late filing of accounts, it is important that your bookkeeping is up to date and accurate.
We are very experienced and will do your bookkeeping in a fraction of the time it would take you. Finding a reliable bookkeeper with a range of experience and knowledge will be a welcome relief and you will very quickly feel confident that everything is under control.
Efficiently kept records will help to produce annual accounts in a cost effective way.
Normally, as a sole trader or a partnership, you need annual accounts preparing in order to prepare your self-assessment tax return and maybe to secure external finance.
Thus, as it is a process you do not want, we will try to make it as easy as possible.
Regarding the layout of your annual accounts, as they are your accounts within reason we can format those to show the information that you require to manage your business. If you do not need a special format we suggest that you use the same headings as on the tax return pages or continue to use the ones you use now.
We can help you register as there are lots of rules surrounding VAT registration depending on the amount of turnover and or expected turnover the business has. If you get it wrong you will be faced with late registering penalties.
Small business can enjoy a special flat rate VAT scheme which simplifies the return.
Our services are to ensure the preparation of VAT returns, dealing with HMRC on behalf of a client, advising on the applicable rates of VAT in respect of both inputs and outputs, an explanation of the principles of VAT, calculations and notification of the VAT amount to be paid to, or recoverable from HMRC also reconciliation of your existing purchase and sales VAT control accounts and submission of VAT.
Every business needs to keep a record of their accounting transactions. In addition the large majority of businesses need to prepare VAT returns on a month, quarterly or annual basis.
Preparing payroll in the UK is now complex due to the information you need to operate the PAYE system. As your employees are the best asset of the business it is important that the payroll is calculated correctly and on time.
We can help setup new employer’s PAYE scheme with HMRC.
We prepare and produce client’s payroll, P45’s, P60’s incuding the form P11d.
Due to a change in current legislation we need to submit monthly RTI (real time information) to H M Revenue & Customs relating to PAYE. This is so that H M Revenue & Customs are completely up to date with regards to your firms PAYE liabilities. There is no need for the payroll end of year process.
You can’t avoid Pension Auto Enrolment if you are an employer. The fines are significant if you do not comply. Even if you are the only employee or director of your business there is still action needs to be taken.
Our Auto Enrolment Administration service will take away the pain of complying. You will find information about Auto Enrolment on The Pension Regulator website and from various other sources but understanding what you need to do will be time consuming, probably confusing and possibly even frustrating.
Don't let your Staging Date pass without sorting out whether or not you need a Scheme. It could be much more costly than you anticipate if you do.
We have different packages to meet your requirements to save your money so please ask?
In addition to above we can provide you with following services: