You might have used or heard of these new age cloud-based accounts software programs which offer cheaper and more efcientaccounting and bookkeeping services. While this might seem like a convenient alternative to hiring an in-house accountant in Brighton because of the many benets it has to offer, one must also keep in mind its various… Continue reading Why should you hire a tax accountant?
Finding a professional accountant to handle the nances of any business is critical, all would agree. Someone who isknowledgeable in dealing exclusively with the businesses in your type of industry could drastically change the nancial color of your company.A good accountant with experience working with businesses structured like yours would be able to full the… Continue reading Why Is It Important to Hire a Good Accountant?
Company set up or incorporationProvides registered ofce of the company Monthly payroll including pay slips, pension contributions, RTI/CIS lingsPayroll Year End including Expense Benets P11d & P11d(b)Book KeepingBank ReconciliationsCT600 for HMRC – This is the company tax returnFull set of Accounts to HMRC in Ixbrl formatAbbreviated Balance Sheet to Companies HouseAnnual Return/Conrmation statement to Companies… Continue reading What does an accountant usually do?
Accountants no doubt form the backbone of every business enterprise who provide constant support through out from behindthe curtains of the corporate stage drama. As opposed to the general belief among people, accountants do not just prepare andanalyze the accounting records and nancial books, but perform a plethora of other important activities such as: Prepare,… Continue reading What does an accountant account for?
A Chartered Accountant is not just someone who can perform simple bookkeeping and prepare your year-end accounts. Aprofessional accountant is equipped to double up as a nancial adviser to the company and assist them in mitigating their taxesand production overheads to increase prot margins.Some of the various duties of an accountant involve Preparing various nancial… Continue reading What distinguishes professional accountants from the
crowd!
The VAT man expects all businesses to take reasonable care when completing their quarterly VAT returns. If you make a mistake,which results in the VAT being underpaid, the VATman is likely to charge you a penalty. Penalties can also be applied where amistake results in you claiming a higher VAT refund than is due.If the… Continue reading VAT 101
What are Tax Credits?Tax Credits are money that HM Revenue and Customs (HMRC) pays to people who have responsibility for children, workingfamilies, or single people who are in low-paid work. Tax Credits come in two varieties, Working Tax Credit (WTC) and Child TaxCredit (CTC). To receive Tax Credits you have to claim them. One claim… Continue reading The one Minute Guide to Tax Credits
Taxes are a nightmare. Let’s not pretend otherwise. Anyone who has ever had to ll in their own tax return will know the feeling ofabject bewilderment and frustration which goes hand in glove with the whole sorry experience.Worse – after all that annoyance, it transpires that many of us may still be paying too much… Continue reading The Nightmare of Tax Codes – Why You Might Be
Overpaying HMRC
Employing your spouse in the businessIf you are self-employed and your spouse helps out with general administration, or any other role, it is quite legitimate to pay yourspouse a salary. Just follow sensible commercial rules and you will have no problem with the Inland Revenue. In particular pay, amarket rate for the type of work… Continue reading Tax saving tips!
Every business needs a strong accounting framework to achieve success and ourish in their respective elds. Most rms preferto hire companies that offer accounting solutions to the commercial sector. This ensures professional advice from qualiedaccountants in Brighton.Payroll is one of the many aspects of accounts and refers to the calculation of employee pay for their… Continue reading Importance of Payroll Services
