Hello and welcome to my blog. I will be using this space to update my clients on bookkeeping and tax news which may be relevant to their business, and any other information which may be useful.
You might be asking why do I really need a Bookkeeper, If I keep a record of my Income and expenses that will be sufficient to complete the on line tax return right ? well possibly but ,
How will I know how long my customers take to pay me ?
How am I doing compared to this time last month/year ?
Do I know which products are most popular and what is the profit margin ?
And most importantly am I ready with solid records should I get a tax or VAT inspection ?
Using the services of a professional bookkeeper means you keep on track with how your business is performing in different aspects, making it easier to plan future cashflow.You can discuss how you would like to view the information, many software programs allow access to the business records for the client and bookkeeper.You can log in on line to view the entered information at any time.
HMRC are regularly updating regulations relating to Individual tax and Employers responsibilities. Professional bookkeepers attend regular training to comply with new regulations. Saving you time which can be spent concentrating on increasing sales..
As a registered agent your bookkeeper will be able to liaise with HMRC on your behalf regarding any queries.Ringing HMRC can be a very time consuming and frustrating task .
Also you may miss out if you are not aware of new tax breaks like the marriage Allowance.
So there are many reasons why using a professional bookkeeper can be beneficial.
The best bookkeepers are recommended, but should certainly be qualified,have a range of experience and hold indemnity insurance.
Should you need assistance with any aspect of keeping records for your business, completing a self assessment tax return or becoming an employer please contract me on 07982682746 for a no obligation chat.
Caroline