Bookkeeping and VAT

Bookkeeping

Whatever type of business you run, you will need to maintain some form of accounting records. We recommend using a cloud solution and would be happy to help you decide which one would be best for you. You might decide that keeping your records straight is not the best use of your time, and in that case, we can help. We offer bookkeeping services, tailored to your business and designed to provide the information you need to run your business effectively. We can do as much or as little as you need. We can come to you, or we can run it from our office. By using cloud-based software, we can share the work. In some cases, you would raise the invoices and collect the payments, while we process the expenses, the payments and reconcile the bank account. This leaves you in charge, but frees up time for you to spend in your business, on the golf course, with your family, or anywhere else you would rather be!

VAT

When the value of your taxable supplies (Sales which are subject to VAT) exceeds the limit set by HMRC, you must register for VAT. VAT returns can be submitted monthly, quarterly or annually. By default you submit them every quarter, but we can help you decide what period is best for you, and then arrange it with HMRC. Once you have decided which will be best, we can complete and submit the returns for you, or show you how to do it for yourself. As ever, there are penalties for missing the deadlines, so we will make sure you know what those deadlines are and make sure we do everything we can to help you meet them.

Setup a call with one of our team today: 01622 671199