BOOKKEEPING SERVICES:

We provide a comprehensive and reliable finance function tailored to support your business operations and compliance needs. Our services include: 

• Full Set-Up in QuickBooks Online or Xero:
  Initial setup and configuration of your chosen cloud accounting system.
  Custom chart of accounts, VAT settings, and user permissions.

• Daily Bank Reconciliation (Bank Feed):
  Automated bank feed integration.
  Daily reconciliation to ensure accurate cash flow tracking.

• Customer & Supplier Account Management:
  Maintain and update customer and supplier records.
  Monitor outstanding receivables and payables.

• Sales Invoicing & Billing:
  Issue professional sales invoices.
  Track billing cycles and ensure timely follow-ups.

• Credit Control:
  Monitor aged receivables.
  Send reminders and follow up with customers for timely payments.

• VAT Preparation:
  Accurate calculation and preparation of VAT returns.
  Ensure full compliance with HMRC requirements.

• Construction Industry Scheme (CIS):
  CIS scheme setup for contractors or subcontractors.
  Prepare and submit monthly CIS returns.

• Tailored Management Accounts:
  Monthly or quarterly management reports.
  Customised KPIs and financial insights to support decision-making.

• Liaison with Client’s Accountant:
  Provide all necessary reports and documents for year-end accounts.
  Support for VAT and CIS submission queries.

• Making Tax Digital (MTD for VAT):
  Full compliance with MTD regulations.
  Digital recordkeeping and direct VAT return submission through software.

Making Tax Digital for VAT & Income Tax Self Assessment:

Making Tax Digital (MTD) is part of the Government’s plan to modernise the UK tax system, making it easier for people to get their tax right. 

Making Tax Digital Timeline:

• April 2022 - Making Tax Digital for VAT (MTD for VAT) is introduced for all VAT-registered businesses, regardless of turnover. 
• April 2026 - Making Tax Digital for Income Tax Self Assessment comes into place for sole traders and landlords earning above £50,000 annually.  
• April 2027 - Making Tax Digital for Income Tax Self Assessment comes into place for sole traders and landlords earning above £30,000 annually. 
• April 2028 - Making Tax Digital for Income Tax Self Assessment comes into place for sole traders and landlords earning above £20,000 annually. 
• QuickBooks Online & Xero softwares have been set up for MTD. 
• More information about MTD can be found on these website links: 
• https://quickbooks.intuit.com/uk/making-tax-digital/
• https://www.xero.com/uk/programme/making-tax-digital/
• https://www.gov.uk/government/news/government-announces-phased-mandation-of-making-tax-digital-for-itsa?elqTrackId=8245deed2e404e38902179834f7616ef&elq=fb77b44f3e3b4a56a3367e713a739f9e&elqaid=44728&elqat=1&elqCampaignId=19235

Our bookkeeping fees start from £35.00 per hour depending on the business size and need.