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]
The Office for National Statistics (ONS) has reported that gross domestic product (GDP), a measure of how the economy is doing, showed zero growth in January, following growth of 0.1% in December 2025.
An independent report, commissioned by the Welsh government, has examined potential future options for income tax devolution in Wales. It compares keeping the current partially devolved system with moving to full devolution, while factoring in the effects of the block grant adjustment (BGA).
Have you reached a point where the idea of running a business feels like more than just a pipe dream? Perhaps you have identified a gap in the market, you want greater independence or your side hustle is telling you that it has the potential to become a full-time income.
The end of the 2025/26 tax year will soon be here, which means a few additional tasks to carry out on your payroll, if you run one.
The government has announced an over 40% increase in charge point grant amounts that will mean businesses, landlords and renters could save up to £500 on installing an electric vehicle (EV) charge point. Previously, the grant provided a discount of £350.
During a week dominated by news of the Middle East conflict, on 3 March 2026, Chancellor Rachel Reeves presented the Spring Forecast to Parliament. The Chancellor told MPs she had “restored economic stability” as she presented the Office for Budget Responsibility’s (OBR’s) economic forecasts.
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Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) is transforming the way income tax is reported. From April 2026, self-employed individuals, sole traders, and landlords earning over £50,000 will be required to switch to digital tax filing. At Francis & Co, we’re here to guide you through the change. Here’s what you need to know:
The Institute of Chartered Accountants in England and Wales (ICAEW) has said that doing business in the UK is too uncertain and expensive, and more stability in the tax system is needed. Their comments were in response to the government’s call for evidence on how the tax system can better support entrepreneurs.
Second Floor
123 Promenade
Cheltenham
GL50 1NW
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