Accounts done, tax bill sorted.
Tick those basics off your list and understand what your accounts mean for your business. Spot the issues and opportunities that lie ahead and, if you choose to keep your records digitally, stay on top of your finances all year.
As a minimum, all businesses are legally required to provide certain information to Companies House and HMRC. We know what information you have to provide, when and in what format, and we make sure it is done.
But we want you to understand what your numbers mean for your business. Not just once a year when we prepare your annual accounts and calculate your tax bill, but on an ongoing basis. So, we use online software that lets you keep your business records digitally, comply with HMRC’s Making Tax Digital initiative and share them with us. So, if we spot a problem, we can fix it right away. Don’t worry. If digital record keeping is not for you, our bookkeeping team can take care of it for you.
Whether you’re a sole trader, freelancer, contractor, small, medium or a large company, we help you stay on top of your finances, pay the taxman no more than you should and plan ahead.
We’re clear on price too. No surprises. We tell you what’s included in your fee and if you ask us for something extra, we make sure you know the additional costs involved in advance.
Come and talk to us and let’s see how we can help.
Here’s an idea of the services we provide to businesses like yours.
The reform of the VAT penalty system, which brings consistency to late payment and interest penalties and replaces the default VAT surcharge with a points based system, has been delayed until January 2023.
The headlines from the Glasgow Climate Pact and signposting to resources to help SMEs rise to the challenge.
Regular check ups on the financial health of your business, particularly on cashflow, let you spot and resolve potential problems before they become major issues.
Although the government has delayed its plans for the introduction of Making Tax Digital for ITSA (Income Tax Self-Assessment), Bates Weston urges self employed and landlords to make the move to digital record keeping sooner rather than later.
Supplies made by the hospitality industry that have been subject to a 5% VAT rate since July 2020, will become liable to 12.5% VAT between 1 October 2021 and 31 March 2022.
A recap of HMRC’s proposals to reform the penalties for late submissions to a points based system.
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