Bookkeeping is the bread and butter of accounting. I always recommend every client uses this service. Keeping up to date with paper work and not losing track of who owes you, can be a headache. Your bookkeeping is all done digitally, in house. by me. No more paper work cluttering up your home/office/van! I will record every business transaction for you. Ask your current suppliers to send all invoices to me directly and I can sort them and account for them in a proper fashion, ready for your tax returns.
Regardless of the size of your business, having clear reports on how well you are performing is paramount. I will send easy to digest and accurate financial reports, straight to your smart phone or device. I will then highlight areas that could do with attention or are doing well. Account reports are great when applying for bank loans or attracting new clients. Tracking the growth of your business gives you precious insight into where you will be in the future.
It was estimated that £962m of expenses went unclaimed in 2019. Small businesses must pay tax on any income annually to the HMRC. But there are a large number of expenses that businesses can claim VAT and Tax back on.
If you aren't VAT registered, should you be? Let me check. If you are let me worry about working out how much you owe or are owed.
There can be considerable fines for late Tax and VAT returns, let me take that burden from you.
Keeping things simple for my clients is paramount! If you have staff, need pensions and/or dividend payments sorting, I can do it. The HMRC expects to be paid any national insurance contributions or income tax by the 22nd of each month, missing this payment can incur fines. Once a week/month you simply update our custom made hours spread sheet. After confirmation payslips are generated and emailed directly to your staff.
I am often asked about more complex pensions, retirement planning, life insurance and income protection. These fall under the remit of financial advice not accountancy.
Good news though, I collaborate with Chris Davies a financial advisor from Openside Wealth Management - Chris is also a small business owner and with over 14 years of experience I know you will be in safe hands. Oh he is also a pensions expert!
Not only will Chris be able to advise on the matters above. He could potentially save you thousands just on pension planning alone.
Chris offers a free first meeting, no hidden fees and is based locally in Gloucester.