Business tax

Business Tax

Whatever the size or type of your business, you will need to do certain things yourself or pay a professional

Accounts

It's what accountants do best - for sole traders, self-employed, partnerships, limited companies and charities. Necessary for working out tax and useful to know how your business is doing and monies owed.

Tax returns

Self-assessment and corporation tax returns based on the accounts - it's how HMRC knows how much tax you owe and when.

VAT

If your business makes sales (not profit) over £90,000 per year there's a good chance you need to be registered for VAT and report to HMRC every quarter. A qualified accountant can obviously do this for you from your business software or records and advise on VAT issues.

Payroll

If you employ anyone or just yourself as a company director, you need the software and knowledge to produce reports and payslips, and submit online to HMRC. Or you need a payroll agent.

Software

Unlike some accountants and book-keepers who only use their favourite software (or none) I'm experienced with all the major brands you might be using already - or something more traditional - or nothing.

File maintenance

And as part of the service you would expect to get your documents by email or hard copy (or both), plus your records sorted for safekeeping.

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