Bookkeeping and VAT
A necessary, albeit time-consuming, component of any business is bookkeeping and, if applicable to your business, completing VAT returns.
We can take away the stress and assist in making sure that your bookkeeping procedures don’t divert your focus from the daily tasks that are important to you.
We offer full bookkeeping services for clients who would prefer to concentrate on their businesses. Alternatively, we are more than happy to review your own bookkeeping at regular intervals and advise along the way. Our team will make sure to compile all your information, including bank statements, receipts, and other supporting documents, before organising it all and ensuring that your accounts balance.
All businesses that have a turnover of more than £90,000 must pay and add VAT to all the products and services that they buy and sell. If you are registered for VAT, we can help ensure your returns are submitted on time to HMRC. We can help you with:
- Preparation and submission of your VAT returns
- VAT registration
- Guidance and advice on VAT rate changes
We can also provide training, so you feel confident in using the software at home and also recommend useful add-ons to automate and streamline your processes, saving you more time to concentrate on the things that matter to you.
We work with a range of cloud software including Xero, QuickBooks, Sage and FreeAgent and all our staff are Xero Certified Advisors.
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Every year, corporation tax rates and reliefs vary, so we make sure we can offer all the necessary assistance and advice when examining potential exemptions, allowances, and deductions. In order to make sure you are in compliance and avoid fines, we will carefully evaluate and produce corporate tax filings.
We can help walk you through all aspects of personal taxation, we are aware that it can be challenging to grasp, therefore we support you every step of the way. By developing a tax planning approach that works for your tax situation and helps ensure you pay the least amount of tax, we eliminate the time and worry involved. Our staff will provide guidance on when payments are due in addition to what paperwork must be submitted in order to maintain compliance.
Whether you're considering investments, a second home, or another item, our staff can make sure you maximise your exemptions while demystifying the complex world of capital gains tax. We also offer a completely optional Tax Fee Protection Service in the event of a H M Revenue & Customs enquiry.
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Latest news from [Company name]
HMRC are reminding businesses about two difficult payment deadlines.
The government-established Office of the Small Business Commissioner (OSBC) has been publicising its Small Business Plan that offers tailored funding to smaller businesses.
HMRC have concluded that the Cabinet Office failed to take reasonable care when applying the Off-Payroll Working (IR35) rules. The Cabinet Office has set aside £38.5 million for unpaid Income Tax, National Insurance and interest. A penalty of up to £8.9m could follow.
The Parliamentary Business, Innovation, Science, and Trade Committee has launched a consultation into the difficulties facing new entrepreneurs and how they are supported.
UK businesses are increasingly worried about rising operating costs, with concern over both energy and fuel prices reaching their highest levels since the Office for National Statistics (ONS) began tracking them.
Small UK companies are being asked to develop security ideas and products for Britain’s transport sector with an unusually tight deadline. As the geopolitical situation becomes increasingly dangerous, with sabotage to the UK’s physical and cyber infrastructure by countries such as Russia and Iran increasing daily, new security projects are topping the government’s ‘hopeful’ list.
For Small to Medium-Sized Enterprises (SMEs), the issue of late payments can mean the difference between survival or liquidation. The Department for Business & Trade estimates it costs the economy £11 billion annually, forcing 38 businesses to close their doors every day.
Manufacturers, importers, wholesalers and retailers are being warned that significant regulatory change is coming under the Deposit Return Scheme (DRS).
Second Floor
123 Promenade
Cheltenham
GL50 1NW
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