NEED A HAND with BOOKKEEPING, BANK RECONCILIATION, OR VAT?
We take care of the mundane so you can relax
Honestly, who likes bookkeeping? You're not going to believe this, but we do... Keeping track of your books is necessary for all business owners, as is filing VAT returns if you're VAT registered, but they don't have to be a drag. Focus on what you do best, while we handle your books 🤓
Bank reconciliation? Let us help!
Performing a bank reconciliation is necessary for all business owners. Essentially, you compare your own record of sales and expenses against the reliable records that your bank has. The purpose of a bank reconciliation includes finding and fixing any errors, identifying wrong payments, tracking profitability and getting prepared for tax filing.
Struggling with VAT returns?
VAT stands for Valued Added Tax in the UK, it's added to the prices of goods and services you sell. The standard VAT rate is 20%, which is applied to most goods and services. However, 5% and 0% may be applicable to certain goods and services.
A business’s process of forwarding VAT to the HMRC is called a VAT Return. In the UK, VAT return due dates are one calendar month, and seven days after the end of the accounting period. However, the specific dates vary for businesses because businesses can choose their VAT quarters at the time of registration.
The timetable for VAT returns covers 12 months, but it may not correspond to calendar quarters. Maintaining track of your timeframe is therefore essential.