For smaller businesses (including start-ups), maintaining a record of financial transactions can often be a chore or even neglected as managing the business and looking after customers is the priority – understandably. However, records must be kept for several reasons and we can help look after these for you.
Having accurate and up to date records will help you to manage your business more effectively and give you access to readily available, relevant and reliable financial information.
Our bookkeeping service is tailored to your business needs, ranging from a simple record of income and expenses to maintaining full purchase and sales ledgers and credit control functions. We will take the time to get to know your business so we can help you understand your financial information, giving you the knowledge you need in order to evaluate the growth of your business.
Our Virtual Finance Office (VFO) are on hand to provide the support you need at all times, just a phone call away from answering that query or offering knowledgeable advice that may change your outlook. We can take away the worry, stress and hassle so you can focus on the day-to-day running of your business with the peace of mind that comes from knowing that everything will be under control.
We suggest you call one of the team today to discuss your business requirements to see how we can help you.
VAT compliance is becoming ever more complex and subject to greater scrutiny by HM Revenue & Customs. It is important that returns are completed promptly and accurately, especially now that significant penalties and interest can be applied where errors are made.
Our Virtual Finance Office can help make sure that you are compliant, whilst at the same time making sure that you take advantage of any available opportunities. We can produce your VAT returns in time for the required filing deadlines by preparing your records, or alternatively, using records which you maintain yourself.
We are part of Kreston International, a global network of independent accounting firms which provides us with VAT knowledge and experience internationally, as well as locally.
We can also assist with:
If you don’t want to worry about deadlines, penalties or having the time or resources to complete your submissions in an efficient manner, then let us do it for you.
Contact our Virtual Finance Office today. They will be happy to discuss how we can help you.
As announced by the Chancellor in his Winter Economy Plan, businesses that deferred their VAT payments earlier this year will now have the option to pay in smaller increments over a longer period.
Update: Since this article was published the Chancellor, Rishi Sunak, announced a further extension to the CJRS until 31 March 2021. You can read more here.
The Government announced late on Saturday ... more
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