Bookkeeping and VAT
Prevention is better than cure – that has always been a philosophy that has served us well. Annual accounts, though a legal requirement, only ever tell you what has happened in the past, sometimes up to nearly 2 years ago. Have you ever been in that situation where the books go into “the accountant” and you are left with baited breath wondering what the tax bill and indeed accounts fee will be? – Not a pleasant experience!
You can use the dot navigation on the right to quickly find out more information on Bookkeeping, How we can help and VAT Inspection.
Bookkeeping
Keeping accurate, up to date records is important for any business. Where this task falls to the owner manager, it is also a distraction from getting on with running your business and making money. Outsourcing your bookkeeping to us also means you are not relying on any one individual who may be absent due to holiday or sickness.
All businesses need to record their accounting transactions during the year to comply with the Taxes Acts. Larger businesses need to prepare quarterly or monthly VAT returns based on their accounting transactions during the relevant period.
Our fully computerised bookkeeping and VAT service is designed to give you confidence that your accounting records and VAT are up to date so that you can concentrate on making money. In addition we can also produce regular updates based on our bookkeeping and keep you abreast of your tax bills and key dates in the future. There is no rushing things into the accountant at the last minute.
Bookkeeping – how can we help
We have a dedicated bookkeeping department that can help in the following ways:
A simple check of your own bookkeeping records.
Reminding you of deadlines and requesting information in good time. We will remind you to make sure you provide the required information! No one likes having to do their books but nagging can be a good thing if needed!
• Assisting with invoicing and payments.
• Calculation and submission of VAT returns to HMRC
• Processing payments, receipts purchases and sales invoices
• Credit Control.
Of course if you prefer to do this yourself we can provide you with sheets that have been designed so that you don’t need a degree in accountancy just to enter the information.
VAT Inspections
VAT inspections happen – sometimes because something has been entered incorrectly, sometimes due to the industry you are in and sometimes just at random!
VAT Inspections can be stressful and time consuming. Where we prepare clients VAT returns and accounts, VAT Inspections are usually carried out on our premises and we can deal with all matters relating to this. This saves you significant time, costs and hassle of dealing with the VAT Inspectors yourself and usually ensures that inspections are completed quickly with minimal or no adjustments.