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Bookkeeping is a mandatory requirement for all businesses, irrespective of size and turnover. It does carry a few benefits though, some of which are as follows:
Your bank statement only tells you the liquidity position, but isn’t a measure of the business profitability or the overall financial position.
For example, you may have £25,000 in your bank account, whilst at the same time owing £35,000 to suppliers, so you wouldn’t know the correct position without maintaining proper bookkeeping.
In practice, this is not a good idea. You will want to know your financial position and profitability on a real time basis, therefore this enables you to do it better. For example, if a specific expense is impacting on your profits, you should work to cut it down and knowing about this only at the year-end obviously doesn’t help.
Our team takes away the whole pain, you simply need to send us your excel bank statements regularly and we record the transactions for you. We will need your help for some transactions though, mainly either complex or new ones.
We make sure that your Monthly bank statements always tally with the bookkeeping software. This gives you complete peace of mind, as we do not have to perform many adjustments at year- end.
Our team has a rich experience of dealing with clients of all sizes and from various industries. This inadvertently gives you access to that wide knowledge-base, resulting in the right advice for the scheme you should choose.
We calculate and file your VAT return based on the bookkeeping records we have. You also get to review and approve them before we actually submit it to HMRC.
You have access to our dedicated team of tax experts who would be happy to help with any query. These are professionals with years of experience and have dealt with thousands of taxation matters involving HMRC. We even offer 30 minutes of absolutely free initial advice (no hard sell, we promise, no one likes that). We would only progress to the next step once you are happy.
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