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Need your Year End Accounts prepared for your Accountant? This process can begin from bringing in a bag of invoices and bank statements or granting me access to a fully reconciled cloud hosted computerised book-keeping data set, or anywhere in between.
Accountants can charge a high premium for sorting your accounts from a bag full of receipts or fixing errors.
Reconciling an account often means proving or documenting that an account balance is correct. For example, I reconcile the bank balance in your accounts to the balance shown on the bank statement. This ensures that you are not overstating your Income or expenses by duplicating entries, and ensure that what has claimed to have come in and gone out of the company finances is correct.
I can provide you with Monthly or quarterly Management Reports which will give you a snap shot of how your business is performing. These can be customised to your requirements and can be as detailed or as basic as you need. They do help as a good indication of if you need to register for VAT, for example, or if you have enough capital to invest. These reports also ensure your Books are as up to date as they can be, which in turn, makes your Year End accounts much easier to produce, therefore lessening the risk of filing Company Tax Returns late and incurring HMRC Fines!
If your turnover is £85,000 or more per year, you must be VAT Registered. You must submit a VAT Return to HM Revenue and Customs (HMRC) every 3 months.
The VAT Return records the VAT Element of your Sales and Purchases and determines how much VAT you owe to HMRC
You must submit a VAT Return if you are VAT Registered even if you have no VAT to pay or reclaim.
Payroll & CIS
I can run your Payroll for you and ensure you are paying the correct amount of PAYE, and deal with HMRC on your behalf should any issues arise! I can submit your CIS Returns for your Sub-Contractor Payments, and Verify them to ensure you are paying the correct amount, and ensure the CIS Suffered amount reclaimed is correct and done at the correct time. I will even produce the CIS Payment Statements for you to forward to your Contractors. This is essential as HMRC do charge fines for late submissions and payments relating to CIS, RTI Information & PAYE Payments.
Automation is the key when it comes to efficiency and predictable cashflow.
I can set up all your recurring invoices to be generated and sent out to the clients automatically, with manual or automatic payment via direct debit, PayPal or credit card.
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