Accounts preparation is an art and science on the same side, We suggest if you do business and an expert of it, do not put yourself into accounts preparations by choosing a win-win strategy, let us win what we are good at i.e. accounts preparation and let’s win in that you excel your business.
Our approach is to set up your chart of accounts after knowing your reporting objectives, entering the data and posting to get right ledgers and reports. We keep everything updated in the best practice software. It adds value in your business by providing key information to you as decision-maker, you can take effective cost-efficient measure, you can plan in advance with budgeting, and on the same hand, you become effective in knowing your tax liability and managing your tax returns on time.
Accounts Preparation Service Includes:
Making Tax Digital
Effective From April 2019, VAT registered businesses with a turnover above the VAT registration threshold (currently £85,000) will have to:
- keep their VAT records digitally
- provide their VAT return information to HMRC through Making Tax Digital compatible software
What are the advantages of going digital?
Digital accounting software has significant advantages over the traditional ways of bookkeeping.
Imagine if you could:
- Real-Time Accounts;
- Available 24/7
- Cloud base software has numerous advantages
- Automatic data entry
- Reports available for effective decisions
We guide you to choose the most efficient and most economical accounting software out of available options
It’s not a difficult task to visualize that you are a tax consultant and can do everything, however it can have serious consequences if it goes wrong.
Therefore we suggest not to file your return yourself without consulting a reliable tax consultant. We are here to assist you in your tax matters and plan in advance
to get the best out of the given scenario.
Special Consideration – Construction Industry Scheme (CIS)
Under this scheme, contractors deduct money (20%) from a subcontractor’s payments and pass it to HMRC.
The deductions count as advance payments towards the subcontractor’s tax and National Insurance.
Contractors must register for the scheme.
Subcontractors don’t have to register, but deductions are taken from their payments at a higher rate (30%) if they’re not registered.
If you are registered under CIS, you will need to file monthly returns and keep full CIS records, you may get a penalty if you don’t.
Bookkeeping for small and medium businesses
Bookkeeping for sole traders
Bookkeeping for franchisees and franchisors
Bookkeeping for Landlords and Letting Agents
We prepare the tax form SA105 required from HMRC.
Bookkeeping for Online Retailers
Retail business is complex and it requires information to take an effective decision, we provide the best solution to support management for various decisionsthat can make a significant impact on your success of the business.