Often one of the most difficult and time consuming of chores for the self employed, yet one of the core and most important aspects of running a business if you are to satisfy the needs of HMRC and keep charges to a minimum when it comes to the time to prepare Accounts from these prime records.
Whether a client needs ongoing assistance in maintaining and improving upon their manual records, or in making the transition to Spreadsheets or to an accounts software package, we are happy to help either face to face or with telephone or email queries.
We are Quickbooks Online Advanced Certified ProAdvisors and recommend their package that is intuitive, affordable, easy to learn and use, saves time and accepts data from other software packages such as SAGE.
The benefits of using QuickBooks are many :
—Making Tax Digital commences in April 2019, by using QuickBooks you would be well placed to ease the additional filing requirements necessary and avoiding the penalties for filing and payment failures HMRC are introducing.
—Being a cloud accounting package means the records are available by your Accountant remotely to examine and correct entries and by you on any device such as home PC, laptop, tablet or mobile phone, and you never need to back the system up.
—Features and Apps such as bank feed (where your online bank account feeds direct on to QuickBooks) and Receipt Bank (where images of receipts taken with a mobile phone can be uploaded direct to QuickBooks) can help to save time and duplication of effort, and improve accuracy in the records.
VAT can be completed quarterly from your manual records or QuickBooks. We can takeaway the problems with ensuring current regulations relating to your VAT affairs are met. Changes in Fixed Rate Percentage Scheme have required some businesses to reassess their current VAT system, and International Trade Inside and out of EEC could become more involved over the coming years. Our Blog regularly contains up to date news on VAT changes affecting the business owner.
VAT can be billed for Quarterly, reflecting the current time expended attending to this thereby giving opportunity for you to discuss ways of reducing time and costs in this area, a fixed price annual cost (payable monthly) could be negotiated, or you may wish to take advantage of one of our service packages which offer added value. please use our contact page to enquire further about these.
Contact us on 01977 797979 to discuss your needs.