Bookkeeping and VAT
Bookkeeping
Many business owners don't realise that they are legally required to update their books every 3 months. Yet bookkeeping requires a discipline which can be hard to maintain easily in a busy working week.
If your business needs bookkeeping help you don't need to hire a full-time bookkeeper. We can do the work for you at a fraction of the cost.
We work on a weekly, monthly or quarterly basis to ensure that your books are up-to-date. You can either bring all your relevant paperwork to the office, or we can visit your premises regularly to carry out your bookkeeping.
Whichever you choose we enter all the details onto QuickBooks or your own accounts system if working at your premises, and file your paperwork using an easy to find system that matches those computer entries. We can then also use these records for your annual accounts, reducing the work and expense of separate preparation.
If you do your own bookkeeping we can simply double-check work which you have carried out already. We then help reduce end-of-year accountancy costs by printing off and collating all the information the accountants will need, eg a trial balance , profit & loss sheet and balance sheet etc.
Asking us to calculate and complete your VAT form can save a lot of last-minute stress to meet the deadline at the quarter end. We will work out your payable VAT on a monthly basis and let you know the amount of VAT due, so you can put that amount to one side. Then when the due date arrives we simply complete the form and send it to you for payment.
Your business may save money on a flat-rate VAT scheme. We can advise whether you should change schemes and pay flat-rate VAT if appropriate. We can also help with VAT investigations .
f you would like help in making your bookkeeping or VAT simpler, contact us .
