Bookkeeping Services In Birmingham
We are known for offering accounting and bookkeeping services to small and medium-sized businesses across the UK. Driven by industry veterans, our teams have highly skilled and experienced professionals for accounting and bookkeeping with the commitment to serve your business at the highest level.
Our accounting and bookkeeping services are ideal for small and medium-sized companies across the UK.
Experience many benefits of our bookkeeping services. Our dedicated team of professionals assist businesses:
- to improve their collection by improved documentation and invoicing.
- to increase their profit margin by keeping their financial data up-to-date and presentable as and when required.
- to help Save Time by allowing our bookkeepers to take care of their books so businesses save huge time. Entrepreneurs can spend this time by focusing on more productive business activities.
- to help Maximise Cash by providing daily, weekly, or monthly reports to make better cash decisions.
Frequently Asked Questions
We work on a fixed fee basis. Fees will be agreed during your initial consultation and outlined in the letter of engagement. You will never be charged additional fees unless you ask for an additional service to be carried out. Our fees also include advice throughout the year at no additional charge.
Purchasing bookkeeping software is not a requirement particularly if your business is very small. However if your business is larger or has a large amount of transactions we recommend that you do have bookkeeping software. There are a number of low cost cloud based software products available – please contact us and we can discuss further. If your business is on the smaller side we can provide you with templates to record your transactions. If you outsource your bookkeeping to us then we use our in house software.
You are required by law to register for VAT if your business turnover exceeds the annual registration threshold. You can also register for VAT voluntarily if it is beneficial for your business.
Even if you have only one employee or you are a sole Director employee you should be registered for PAYE with HMRC and make all the relevant RTI submissions.
The structure of your new business depends on many factors including the size of your business and profitability. These determine whether there are tax advantages to being set up a particular way. There are also other pros and cons across the different structures. We will take you through the pros, cons, ongoing filing and tax implications to help you decide which is the ideal format for you.
The tax year runs from 6th April to the 5th April each year and you have until the following January (31st) to file your return and pay any tax and NI due. You may also have to make a payment on account on 31st January and 31st July.
The requirements to comply with HMRC regulations are generally that you must pay your Corporation Tax bill within 9 months of the end of your financial year, and then file your company Tax Return within 12 months of the end of your financial year.
We are open Monday to Friday from 9am until 5pm. However, if you cannot visit during these hours we can arrange by appointment to visit you out of hours. We can also speak with you via telephone out of hours if this suits you better.