We prepare and organise your bookkeping records which allows you to concentrate on developing your business. From your bookkkeeping records, We prepare your year-end accounts from which your Self Assessment is compiled and filed with HMRC.
With your bookkeping organised and records updated regularly, we can also provide you with Monthly Management Accounts that will aid you in making decisions about your business. We can advise you on cost reduction measures and helping you realise value adding activities for your business. We will also submit accounts on your behalf to Companies House.
We can advise you on the implications of employing someone in your business, what is required of you as an employer, setting up payments for your employees, recording their Benefits in kind and notify you of your obligations to HMRC regarding monthly report submissions and year end requirements.
It is important to note that we can run the payroll function for you which would free the time that you would otherwise spend calculating and recording information and concentrate on your business. We will comply and submit all the required returns on your behalf to HMRC promptly to avoid penalties.
We can prepare your VAT returns from your bookkeeping records if you have properly organised them. If we are doing the bookkeeping and record keeping for you, then we will prepare and submit the returns for you as your authorised agent. This is done online provided you have registered for VAT with HMRC. I can also advise you on when to de-register if your income falls below the required Threshold.
Late filing of VAT Returns and late payments can lead to fines and interest charges from HMRC which we are very keen to avoid on your behalf to save you money.
We use the award winning cloud based software Xero which is currently used by most practicing accountants and businesses. This software can be accessed from multiple locations by different users and your accountant. Moving from Quickbooks or Sage line 50 to Xero can be arranged and done for you.
We will set your company up on the software, give you access, show you how to use it for accurate record keeping. On the other hand, We can manage all the bookkeeping for you and you can have a view of your monthly management reports online to help in decision making for your business.