Bookkeeping
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Every business is different with it's own needs and the bookkeeping service I offer will be tailored to meet those needs; during a free consultation we can agree the scope of work required and the fees involved.
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Whether you need a once-a-year sort out those bags of receipts into a proper accounting record or an ongoing bookkeeping service – as frequently as required – I can help with:
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Processing your transactions and related paperwork
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Setting up computerised or cloud based systems
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Maintaining your sales and purchase ledgers
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Account reconciliations
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Invoicing
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Preparing year-end accounts
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Bookkeeping to trial balance for partnerships and companies
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Accurate Bookkeeping is a fundamental requirement for every business.
VAT
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Incorrect VAT calculation and failure to submit returns in a timely manner can lead to penalties and surcharges.
I can help with:
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VAT registration
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VAT administration
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Completing and submitting your VAT returns to HMRC, including Making Tax Digital (MTD) for VAT
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MTD for VAT - If you are/will be registered for VAT and your taxable turnover is above the VAT registration threshold (currently £90,000), you are required to keep digital business records and send your VAT returns to HMRC using Making Tax Digital (MTD)-compatible software.
Payroll
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Whether you need weekly, fortnightly or monthly payroll services I can process your payroll accordingly:
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Payroll processing including the provision of payslips
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Calculating tax, National Insurance and other deductions
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Processing statutory payments (maternity/paternity pay, sick pay etc.)
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RTI compliance
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PAYE processing
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Pensions (including Auto Enrolment)
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Processing new starters and leavers and Year End P60's
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Auto Enrolment is a government initiative and requires that employers must provide employees with a pension scheme and automatically enrol qualifying employees into this scheme.
Construction Industry Scheme
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Under the Construction Industry Scheme (CIS), contractors deduct money from a subcontractor’s payments and pass it to HM Revenue and Customs (HMRC). Failure to file returns in a timely manner can result in penalties and surchages.
I can help with:
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Verifying your subcontractors are registered
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Processing and recording CIS payments
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Submitting monthly CIS returns
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For more information about CIS: https://www.gov.uk/what-is-the-construction-industry-scheme
Accounts
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If you are self-employed or a sole trader you are legally required to complete and submit a Self Assessment Tax Return to HMRC.
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I can help with:
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Organising your invoices and receipts into a proper accounting record
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Preparing your year end accounts for submission to your accountant
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Failure to submit your Self Assessment Tax Return by the deadline can result in penalties and interest charges.