We welcome you to read our Frequently Asked Questions below, however, if you feel there is anything unanswered regarding our service, please fill the Enquiry Box and we will get back to answer any questions.
Popular Questions
1What are the consequences of not having a good bookkeeper ?
The recording of the bookkeeping must be done accurately, it is from this source that the year-end accounts are produced.
If the bookkeeping is not done correctly, you may be losing out in not say claiming the correct amount of VAT, get a large bill from your
Accountant at the year-end. Penalties and fines by HMRC. It is very important to keep proper records.
2Outsource or employ own bookkeeper ?
There are a lot of advantages to outsourcing. You only pay for the number of days required. Many of our clients do not need a full-time bookkeeper.
We are much more experienced than the average Central London Bookkeeper and will process the work much more quickly and more accurately.
3How it works ?
We come along say one day per week, usually the same day each week, by the same bookkeeper. We can also do the work on our premises.
4How do you charge?
We always charge a fixed monthly fee. Once we get started, we will quickly agree with you if you require 1 day or 2 days per week time slot.
You will always know the bookkeeping costs upfront and quite often this remains the same for a number of years.
5Will we be allocated the same bookkeeper ?
Yes, an advantage for both sides.
6Will you attend any meeting we may have in VAT or Payroll by HM Revenue & Customs?
We will take care of all your bookkeeping requirements and attend any Vat inspections.
7How can I ensure the quality of work?
We have been doing this for over 30 years, our quality of our work is of a very high standard.
8Is it expensive?
No, quite often we will be charging less than what you are currently paying. What we can do in 1 day exceeds the average bookkeeper’s output
General Questions
1What is new in recent changes in Vat ?
The introduction of Making Tax Digital , just introduced to apply from 1st April 2019
2Do I have to set up a Limited company?
There are advantages in setting up a Limited Company but you don’t have to set a Limited company. You have the right to trade as being individual or in a partnership.
3Can I register for VAT if my turnover is below the threshold for registration?
Yes , you can register voluntarily.
4When should I register for VAT?
Currently, if your taxable turnover is above £85,000 you must register for VAT