Every business has a legal obligation to keep records of their transactions. There is no set format that must be adhered to but at the very least records of all sales, expenses and purchases should be kept.
Unfortunately if a business fails to keep adequate records then they can be fined up to £3,000 by HMRC along with an additional tax bill if the inadequate records resulted in an incorrect tax return being filed.
Aside from the obligations, keeping good records is an essential part of running a successful business. When good records are kept the business owner knows at any given time, how much is owed from customers, how much is owed to suppliers, how profitable the business is and how much cash is available. This means better decision making can be made and improvements in cash flow and profitability can be made if necessary.
Our aim is to offer comprehensive bookkeeping package, to enable you to effectively run your business, without added pressure of maintaining management accounts, dealing with payroll & VAT etc. We understand your time is important, which is why our friendly and effective service will assist you with all of your internal bookkeeping requirements.
We provide you a dedicated bookkeeper to work from your office or ours who will manage your records on a monthly basis and notify you for any issues which may arise.We offer help with
Register Office Address
58 Rothsay road,
London, E7 8LY,
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