Bookkeeping & Accounts
Every business or self-employed person needs to keep records which must be as complete as possible. We can do all that is necessary for you. All you need to do is present us with the paperwork and fill in the gaps with information. It can be in a carrier bag, cardboard box or neatly sorted and filed! We sort it and prepare the business records from what you provide.
If you are VAT registered, we can prepare your VAT returns and ensure that they are filed on time.
We can also, if you wish, prepare management accounts to monitor performance and assist with tax planning.
We are not registered auditors, and prefer it that way as we do not believe we can be integrally involved in your business, and then once a year don a separate hat to check our own work! However we will ensure that your records and accounts are in a good state and work closely with yourself and your auditor to ensure that your audit is the cheapest and quickest possible.
Payroll
Our computerised payroll programme will ensure that we can
- calculate tax and National Insurance at the correct rates
- produce payslips for your employees and payroll summaries for your records
- produce Revenue remittance slips
- prepare P45s, P46s and file on-line with HMRC
- prepare and file on-line P35 and P60s at the end of the year
- Produce P14 at the end of the year for your employees
Additionally, we are also happy to undertake the payment of monthly deductions to HMRC and net wages or salary payments to your employees using the BACS system – from your bank obviously not mine!! As a registered agent with HMRC, we can also deal with registering your business as an employer, and ensure that it is us that gets inundated on a regular basis with HMRC advice rather than you – we can keep you informed of what is relevant to your business, and you can ignore the rest.
VAT
We will ensure that your business is properly registered for VAT when required and that your bookkeeping records provide an accurate return, submitted on time.
We will provide you with all the information that you need to make the necessary payment, on time, or can arrange the payment for using your on-line banking facilities.
TAX
Despite HMRC fanfares about the taxpayer being able to “do-it-yourself” on-line, the rules are becoming ever more complex and from April 2009, new penalties will be imposed for many innocent errors. A professionally produced set of accounts and agent filed tax return will go a long way to reassuring HMRC that your books have been properly prepared, and your tax return completed accurately.
Whether you turnover £5000 or £500,000, are a sole trader or a partnership, we will ensure that you have an accurate set of accounts which will be acceptable to HMRC, and also incidentally your bank or building society; that your tax return is completed and lodged with HMRC on time, and provide you with a comprehensive explanation of your tax bill and when it needs to be paid.
We will also do everything we can, within the law and taxation regulations, to ensure that your tax bill is as small as it can possibly be.
CASHFLOW & CREDIT CONTROL
We are happy to prepare your monthly supplier’s cheques and control their release to meet your cashflow requirements, many clients appoint me as a signatory on their bank account to save themselves the hassle of cheque signing or setting up bacs payments.
Unfortunately, credit control is the one thing I’m not very good at!!