All businesses are required to keep accurate records of sales and expenses for both taxation and VAT purposes
I offer various bookkeeping methods:
Complete all your bookkeeping for you from your receipts, bank statements etc.
Provide Excel spreadsheets tailored to your business so you can record your transactions.
Internal and external Sage bookkeeping
Online accounts, this is becoming more popular as you can access your accounts anywhere as long as there is an internet connection.
Any other bespoke bookkeeping
To keep your mind focused on your business, I offer a full payroll service as follows:-
Setting up an employers' scheme with HM Revenue & Customs (HMRC)
Calculating your employees' net pay, report the information to HMRC and provide payslips
Calculate the PAYE and national insurance deductions applicable
Work out sick, paternity or maternity leave and holiday entitlement
File regular real time information (RTI's) to HMRC.
Provide year end returns eg P60's
VAT errors can lead to penalties so if I can look after your VAT affairs this will give you peace of mind.
If you are a new business I can help you decide if you need to be VAT registered. After start up I will monitor your turnover levels to see if it becomes obligatory to register for VAT.
Also if your business is already VAT registered I would make a judgement if it would benefit the business to deregister.
I can prepare your VAT return with accuracy and within the deadline, act as your agent and file your VAT return online as paper copies are becoming extinct.
Self Assessment Tax
Tax is usually deducted automatically from wages, pensions and savings. Individuals and businesses with other income must report it in a self assesssment tax return.
I can provide the following services for you:-
Prepare your tax return
Calculate your tax liability
File the return online
Notify you of the tax payments due and the dates payable
Use HMRC approved software
Making Tax Digital
Making tax digital is part of the government's plan to make it easier for individuals and businesses to get their tax right and keep on top of their affairs-meaning the end of the annual tax return for millions.
Businesses and individuals with a turnover over £85,000 will be required to keep digital records from April 2019.
Making tax digital is a system to support businesses and their agents to get their tax right and reduce the amount of tax lost through avoidable error.
Businesess and individuals can see the information held by HMRC and check that the details are correct at any time.
Tax outstanding will be calculated as close to real time as possible.
Taxpayers will be able to see a single picture of their liabilities and entitlements in one place much like online banking.
Interact digitally at any time with HMRC.
I can offer my service for all of the above please contact me for a competitive quote.
Year End Accounts
The year end accounts are important documents and provide valuable information which is an essential for every business.
By using your bookkeeping records I can prepare year end accounts for sole traders, partnerships and limited companies.
I will prepare your year end accounts using the current accounting standards.
If you would like to bring your business into the 21st century I can assist you with any online accounting cloud software you decide to use.
I will recommend a cloud software which is the best price for your particular business.
I will ensure it is up and running for your use entering any opening balances from previous accounting periods.
Connect the cloud software to your bank if this is an option.
I can also provide a bookkeeping service on a weekly, monthly or quarterly basis.
If your business is a limited company then its taxable profits are subject to corporation tax.
As soon as you start your company you must register with HMRC .
If your company is subject to corporation tax, you are obligated to calculate the amount of profit for the period and the corportion tax
due on these profits.
You must report this information to HMRC on a CT600 form before the deadline to avoid any penalties.
I can prepare your CT600 and calculate your Corporation Tax payment.
As I have used Sage desktop accounting software for 21 years I pretty much know all there is to know. I can therefore complete or assist in bookkeeping, carry out Sage training, and assist with set up of Sage.
I have used Sage One for various clients and also have a good understanding of this. So I could assist you in any aspect of this cloud accounting software.