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What is the best way for small businesses to keep accounting records
We all like low accounting fees and accurate financial records are one way you can reduce your accounting bill. Good quality records are far easier for your accountant to work with thereby reducing the time it takes to process your tax return. The means of achieving...
Book-keeping Advice
The maintenance of an accurate bookkeeping system is important for all businesses.
HMRC and Business Link confirm that no matter what the size or type of business, the record keeping should include these items.
Personal Tax Returns
HMRC require tax returns to be submitted by certain deadlines to avoid penalties. From the 6 April 2011, HMRC have changed the way penalties are calculated meaning that even if you are one day late submitting your tax return, you will be fined £100 whether you have paid your taxes on time or not.
Management Accounts
Management accounts are a useful tool used by you, the business owner to make timely decisions with regards to your business requirements.
Sage Systems
You will save money on your accountancy bill if you use Sage”. This is true if you are using sage to record all of your transactions and you complete the monthly processes.
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What is the best way for small businesses to keep accounting records
We all like low accounting fees and accurate financial records are one way you can reduce your accounting bill. Good quality records are far easier for your accountant to work with thereby reducing the time it takes to process your tax return. The means of achieving...
Personal Tax Returns
HMRC require tax returns to be submitted by certain deadlines to avoid penalties. From the 6 April 2011, HMRC have changed the way penalties are calculated meaning that even if you are one day late submitting your tax return, you will be fined £100 whether you have paid your taxes on time or not.
Sage Systems
You will save money on your accountancy bill if you use Sage”. This is true if you are using sage to record all of your transactions and you complete the monthly processes.
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