As your business grows you may have less and less time to keep track of your company’s books.
We provide a bookkeeping service that works in weekly, monthly or quarterly sessions to ensure that your business stays on top of who owes what.
If you are considering starting up a business, we can help.
We will go through the options with you, and help you to decide whether it would be best to set up as sole trader, a partnership, or a limited company.
Once a decision has been made, we will guide you through the whole process of setting up your business. This will include all the statutory requirements, and will make sure that your business set-up runs as smoothly as possible.
Once the business has been set up, we can supply any training and advice you may require to help maintain your company’s records.
VAT Registration and Returns
We will make sure that you are getting the most out of your systems when calculating your VAT return, making sure you receive everything that you are entitled to. We will help with the process of registering for VAT and completing all the relevant paperwork.
Payroll, PAYE and NI
Setting up and maintaining a payroll is one of the most important and time-consuming facets of running a company.
We will deal with all the necessary paperwork and calculations involved, making sure your staff get paid and leaving you with more time to focus on your business.
We will reconcile all bank accounts and petty cash accounts associated with a company on a regular basis. This will highlight any discrepancies between the balance shown in your bank compared to the figures shown in the company’s records.
As a business owner it is vital that you have up to date information on how your business is performing so there are no nasty surprises when your final accounts are prepared. It also means you can make fully informed financial decisions, whether it’s new equipment or a pay rise for your staff.
Self Assessment and Tax Returns
If you have any non-PAYE income, you are legally required to submit a self assessment tax return each year. Ac Accounts will remove the stress of completing these returns by making sure you claim back everything you are entitled to and ensuring that deadlines are never missed. AC Accounts will also deal with the taxman on your behalf.
If you deal with sub-contractors in the building trade, you will no doubt be aware of the CIS Scheme. AC Accounts will deal with the set-up of the scheme, verifying the sub-contractors before any payments are made, and submitting your returns on a monthly basis to ensure no penalties arise.
Invoicing and Credit Control
Invoicing your customers and then chasing payment can be very time-consuming, taking you away from the day-to-day running of your business. AC Accounts will deal with this on your behalf, leaving you free to focus on growing your business.