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Bookkeeping & accounting - Keeping you fully informed on essentials.
Every UK business is required to complete accounts on an annual basis.
These accounts are then used to calculate the amount of tax payable, based on profits and other forms of income. These accounts are important from an individuals perspective as well. Not only do they provide you with information about the profitability and stability of your business, they can also help when requesting finance, both personally and for the business.
To prepare accounts, it is important that you have adequate records detailing
the transactions your business makes. These include sales/purchase invoices,
bank statements, and so forth. Without these records, this becomes extremely
difficult, and failure to keep adequate records can result in fines being
imposed.
HM Revenue and Customs and other government bodies have certain powers to ensure that tax and VAT is collected correctly. Without these records to review, these organisations can raise 'assessments'. When you are assessed for profits, or for VAT liabilities, it is up to you to prove these assessments wrong. Without records, this is virtually impossible. There is a need to keep records for lengthy periods, usually in excess of 6 years. This is because HMRC can request information to prove your accounting calculations are correct.
Anglesey Accounting is your one stop accounting, bookkeeping and consultancy service for new and small-established growing businesses. We look after your paperwork whilst you concentrate on growing your business. We offer a complete bookkeeping service (computerised or manual) with preparation of VAT returns, when required. We have a reasonably priced computer payroll service - economical even for just one employee. Of course, full PAYE records are produced.
We can prepare annual accounts for tax and Companies House purposes as well
as regular management accounts to provide you with up-to-date reviews of
your business. We take the time to explain your accounts to you so that
you understand what is going on financially within your business, helping
you to plan for the future.
Anglesey Accounting specialises in providing a complete business service from production of financial accounts from raw data to sorting out all the business paperwork, from basic accounting to any taxation or payroll related matter in a quick and efficient manner and provide small and growing businesses the backup it needs so that you can concentrate on growing your business in the area you specialise in.
Our mission is to help the businesses which have just been set up or established
grow into successful businesses.
