Some businesses do this work themselves but often it is more sensible to have us do it for you, allowing you to get on with the important job of running and growing your business. It can also help you to reduce your year-end accountancy costs, make VAT inspections less of a worry and deal with any tax enquiries by making sure your bookkeeping properly reflects the business’ transactions.
When we do the bookkeeping we can provide you with proper management information to help you run the business. We can also review your current procedures to establish whether they are still the most efficient way to prepare your accounting records.
It also allows us to complete your VAT returns for you very easily.
Working with us can also provide you with peace of mind. At LP Bookkeeping and Business Solutions we receive countless end of year phone calls from frantic small business owners asking us to sort out their returns immediately as they have done nothing all year.
Making Tax Digital will have a huge effect on the way returns were presented and how frequently they are submitted. The end of the yearly return is on its way.
While employing a bookkeeper may be a big decision for a small business owner, the decision will be worth it in the long run.
It will save you time, money and reduce some of the stress of running your small business. Think of us as a partner who has your best business interest at heart, freeing you up to get on with making the most of your business.
Here at LP Bookkeeping and Business Solutions we can take the strain away from you and let you get on with running and growing your business. Payroll is complicated and must be done on time and you as the employer are responsible for the mistakes.
We run payrolls on time and can provide a tailor-made service for your business including...
completion of P45’s for leavers
PAYE returns for the Revenue
assistance with automated payment set-up to your employees
Linked with this we can then produce at a reduced cost year-end PAYE returns including P35, P60’S & P11D's. Alternatively, we can produce the end of year returns from your own records and assist with correct completion of P11D's for employee’s expenses and benefits.
You will never have to worry about calculating statutory sick pay or maternity pay and dealing with student loan deductions ever again!
Self-assessment can be a time consuming and often confusing business for busy individuals which can lead to deadlines being missed, incorrect returns are filed and correct records are not retained or presented.
Here at LP Bookkeeping and Business Solutions we aim to spare you all these headaches and free up your time by offering a comprehensive Individual Self Assessment service, including:
Calculating your tax liability
Completing and filing your tax return on your behalf
Advising you when various payments are due and how much to pay
Advising on appropriate record retention
Introducing you to any relevant tax saving ideas
Representing you in the event of your being selected for investigation by the HM Revenue & Customs