Book Keeping

Book keeping provides the backbone for accounting. Whether you provide us with a shoe box, carrier bag or drawer full of paperwork we can sort the contents of income and expenditure into a meaningful set of financial accounts for you to understand and for us to calculate your tax liabilities.

We will sort and file your paperwork in a format recommended by HMRC thus enabling easy retrieval of past information when necessary.

We will regularly maintain and update the company ledgers to include the sales and purchase ledgers, VAT control accounts, balance sheet and bank reconciliations to ensure everything is accounted for.

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Credit Control and Reporting

This is an important part of the accounting sector and any business, as all businesses need to know how they are performing to ensure there are no impending concerns. We can assist you in various ways such as providing you with monthly/quarterly/annual management accounts, budgets, forecasts.

We can provide reports detailing supplier account balances and payments due as with customer accounts too - it is not only imperative that customers pay on time to assist cashflow and stability but that you pay your suppliers too.

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VAT

We can act as VAT agents with HMRC on your behalf, and utilise the online filing facility.

VAT is one of the most complex taxes and many businesses make mistakes within this area. As we are always up to date with VAT legislation changes we can take this headache away for you. Whether you are nearing VAT registration or even de-registration, we can monitor this and meet the necessary requirements when ready.

If you are VAT registered we can produce the quarterly VAT returns and ensure deadlines are met so as to avoid penalties. We can assist with the payment plan calculations should you be suffering the effects of this current financial climate by liasing with HMRC and utilising their planned payment scheme.

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Year End Account Production

Each year accounts will need to be produced, whether for self assessment or Companies House, we are here to help. You may bring the paperwork to us in a shoe box, a bag or even a drawer but we will turn the contents into a meaningful set of accounts which is not only informative to you but also fulfills the requirements of HMRC and Companies House. We will take away the administrative burden of complying with current legislation and provide you with the taxable liability (whether income tax or corporation tax) information to ensure you understand and are aware of when payments are due. We will use the online filing system where relevant to save time and increase security.

Our expertise will ensure that you claim what is eligible and that you utilise your allowances in full.

We can also advise you on the methods of payment acceptable to HMRC such as the new direct debit facility which will help spread the cost over the year.

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Payroll

Using the Sage system we can process all your payroll requirements ensuring that all tax, national insurance, student loan, statutory maternity pay (smp), statutory paternity pay (spp), statutory sickness pay (ssp) and holiday pay are calculated and accounted for correctly.

Whether you require weekly, fortnightly or monthly pay runs, we can oblige.

Whether by salary, hour or commission, this can be arranged.

Information and analysis can be reported each time as required and payments made using either the online procedure or little yellow book.

In year forms such as P45’s and P46’s and other PAYE forms will be processed as and when required.

At the year end all information and reports will be completed producing the P60s and P11ds as required. HMRC’s requirements and reports will be met using the online service.

All updates in legislation such as raises in national minimum wage and tax code changes will be advised as and when they become due for implementation.