year end accounts made up. But did you know that . .
We can also do day to day bookkeeping so you don't have to?
Certified Bookkeepers are qualified to prepare accounts, VAT, self assessment and much more?
Certified Bookkeepers are fully insured and regulated?
ALL your bookkeeping +
The traditional model
For many years, the traditional approach has meant that small businesses kept their own records, then handed over a batch of data to their accountant each year. That was usually the only time the business had any contact with the accountant, and the accountant had little personal knowledge of the business.
There ought to be a better way, where the business and accountant have a closer relationship - where the accountant knows the business on a day to day level.
The better way is to engage a Certified Bookkeeper who maintains your books on a regular basis, and who prepares your financial accounts, and your VAT returns, and many other things.
Outsourcing bookkeeping to a Certified Bookkeeping practice is a growing trend. It can be seen as a way of avoiding unwelcome chores or as a way to free up your time to focus on running your business. But more than that, because Certified Bookkeepers are professionals, you can be sure that your books will be properly kept and documented. This is important too, because adequate records must be kept by law. HM
Apart from satisfying HMRC though, the fact is, the more complex your business, the more you will depend on well organised financial data - data that is easy to manage and easy to interrogate. If you are aware
that your financial data is getting out of hand or becoming a dreaded chore, outsourcing to a Certified Bookkeeper may be the way forward.
VAT is an additional headache - an activity to be looked upon with dread. But with a Certified Bookkeeping Service, VAT preparation takes care of itself. This is because Certified Bookkeepers maintain separate VAT records, recording input and output taxes in a separate control account, so that the figures are readily available. For
this reason, when you engage Chesterfield Bookkeeping Services, the VAT100 preparation is included with the bookkeeping fee.
You might think that paying for a bookkeeping service as well, would be more expensive. After all, there is a lot
more work being done. But it isn't! If you engage Chesterfield Bookkeeping Services, the cost of the accounts, and
VAT100 preparation, is included in the bookkeeping fee, which is quite a deal.
Of course, if you prefer to keep your own books, Chesterfield Bookkeeping Services still offers to prepare your year end accounts at very competitive rates.
Make Tax Digital
From 1st April 2019 it will no longer be possible to file a VAT return through the government gateway. The only method will be to use accounting software to upload directly. This also includes spreadsheets, and there are third party mods that allow you to do this if you currently keep your records in Excel