Bookkeeping Services
Accountancy Bookkeeping Services
The world is changing, but most heavy lifting in an accountancy practice is still done by the accounting bookkeepers.
It used to be bags of receipts a week before your tax return is due. The junior accountant would spend a week inputting the information into a spread sheet. Then generate a tax return. This would then be checked and corrected by the senior and signed off by a partner. Simple.
Then along came software.
The new-fangled systems aren’t quite smart enough yet to do the job alone. You still need someone who knows what they are doing to sort out the data. But it is definitely a lot easier than it once was.
That is why Bookkeeping Services in the 21st century is all about portal + accountant. The software makes information available at the press of a button. The accountant makes sure the information is correct.
The biggest issue that most small businesses face in our experience is making decisions without clarity. Bookkeeping is all about confidence in the information that you can easily access when it matters.
Not 12 months later when the year has gone. But when you need it.
So we work with QuickBooks, Xero and Sage (to name but a few) to put the information in your hands when you need it. Sure this will keep HMRC off your back under Making Tax Digital, but while you’re at it you might as well get some value for it.
That being said – we are not a tech company. We are still all about the people. We don’t have a darkened room with full of accounting bookkeepers who are never allowed to see the light of day. You get a named individual who will deal with your accounts from day one until the day you retire.
I don’t know about your business, but a lot of businesses come to us with the feeling that their accountant works for HMRC. And you just get to pay the bill.
Accountancy bookkeeping, a bit of accountancy and a lot of commercial experience from our team uses your basic numbers to shine a light on your business.
If you would like to find out more about bookkeeping services or our accountancy services get in touch.
We help growing, successful businesses to enjoy total certainty and clarity in their finances without any accounting headaches, guesswork, or nasty surprises from HMRC.
Our Services
Payroll
In short we do it all. We have an Umbrella Company if you happen to work for an agency. We offer payroll to our clients.
Self-Assessment Tax Returns (SATR)
This needs to be done by the 31st January every year for the previous tax year. At the latest. So that’s the January after the April 5th Tax Year ends.
Real World Experience
The problems most growing successful businesses experience are not often the obvious ones. You open your business and write a plan. Then comes the real world and ruins it for you.
Advice
A lot of Accountancy is set up around compliance. Telling HMRC what they need to know on time and paying your tax.
Online Portals
We use them, they are great. In fact some kind of software is now almost unavoidable. Making Tax Digital makes this true.
Month Nine Review
While I am chucking rocks at established accounting practices that just don’t work for small businesses, monthly management accounts are a waste of time. Until you get big enough to use them.
