Maintaining a detailed set of books is key to commercial success, providing your business with the financial information needed to perform effectively in the market. At any given moment, bookkeeping should deliver a precise and comprehensive overview of your business’s finances, enabling you to focus your attention on building your sales pipeline rather than worrying about where your money is going.
Bookkeeping delivers tax efficiencies and prepares you for your personal and corporation tax liabilities. It provides insight into how much money your business is generating, how your business is performing against the competition and where improvements might be made. Regular reviews of the company’s books arm you with knowledge you need to set goals and deliver increased profits.
At Accountancy and Office Services, we are highly experienced bookkeepers, able to adapt our working practices to suit the needs of your business – either sitting alongside you or working from our own offices. Our bookkeeping service can be delivered either discretely in its own right or as part of a wider set of accountancy services.
Value Added Tax (VAT)
If your business has an annual turnover of more than the current VAT threshold (currently £85,000) or you have registered voluntarily, you need to levy the government’s 20% sales tax on most if not all of your goods and/or services and file a VAT return to HMRC on a quarterly basis. If you’re trading with other countries of the European Union, you must also provide details of transactions over a certain value for the Intrastat system (the collection of statistics on trade in goods and services between EU member states). Our book-keeping service demystifies all aspects of VAT accounting, making the filing of your quarterly returns a piece of cake.
For more information or to arrange a free, no-obligation quotation, call Vallery Lee on +44 1295 812714 or +44 7767 831403 between 09:00 and 17:30 weekdays or 09:00 and 12:00 Saturday mornings. (You can also email us using the message form here.)