My clients include: self employed individuals, sole traders, clubs and societies, business partnerships and limited companies in various
sectors, including Retail, Manufacturing, Logistic Bookkeeping support, Used car sales, Public Services and many more, as Bookkeeping covers many areas.
To find out more about the services I provide, Please see the sections below.
As this is a summary list of services, they may include other elements that are not listed, as I am a highly skilled Level 4 Diploma
Bookkeeper, which covers all bookkeeping areas.
Please contact me if you wish to ask about other services that I may provide.
I offer a range of bookkeeping services which include:
General
services
- Micro, Small, Medium, Large business day to day Bookkeeping, adjustments
and reconciling.
- Invoicing
- Cashbook entries
- Statements of account for credit control purposes.
-
Monthly Management Reports
- Year end Statutory Accounts preparation for Sole trader, Partnerships and
Limited companies.
- Payroll Management
- Setting up new accounts in accounting software, that you
provide.
- I am experienced in using various software including, Xero accounting,
Xero payroll, Quickbooks, Sage Business Cloud, Sage desktop, Sage payroll in both Desktop and Sage One and Quickfile.
- I am a agent with HMRC and use HMRC approved tax and statutory accounts
submission software for your returns.
Submissions
-
Self-Assessment tax return preparation and filing using MTD software
-
VAT Returns
-
Corporation Tax returns using MTD software
-
Statutory Accounts returns to Companies House *
- * Preparation of financial statement of accounts for Micro businesses and Small Businesses
under Financial Reporting Standards FRS105 and FRS102 (Section 1A), ready for filing Partnership returns for Small and Micro businesses in line with FRS105 and FRS102 (Section
1A)
- * Submission of Small and Micro businesses Partnership accounts SA800
and Limited company annual accounts using digital software.
- * Submission of Limited company Corporation tax returns
in line with FRS105 and FRS102 (Section 1A) for Small and Micro businesses using digital software
I can help with preparation of UK Tax returns, calculating your tax liability and submitting your returns.
You will have to file a tax return if:
-
self-employed as a sole trader and earned more than £1,000
-
a partner in a business partnership
-
earning an income from renting out a property
-
being paid an income from savings, investments and dividends
-
you paid Capital Gains Tax when you sold something that went up in value
-
earning foreign income
-
earning income of £100,000 or more
-
A Director taking Dividends
You may also need to file a return if you are eligible for tax relief on:
-
charity donations
-
pension contributions
-
maintenance payments
-
expenses claim as a self employed individual
-
Covid-19 payment
-
if you claim Child Benefit as a high earner (with a salary over £50,000), you may have to send in a tax return and pay the High Income Child
Benefit Charge.
Registering for Self Assessment:
- You must register a Self Assessment account on line, by signing up to the Government Gateway https://www.gov.uk/register-for-self-assessment
- You must register for Self
Assessment by 5 October, following SA year end 5th April, if you have to send a tax return and you have not sent one before.
- In reference to logging into the Government Gateway: Government services like HMRC and Companies House are gradually migrating to the GOV.UK One Login system. You will receive notifications when your specific services are ready to move to the new login system, and you will not need to contact the government
yourself.
Deadlines for Self Assessment:
Payments for Self Assessment to HMRC
https://www.gov.uk/understand-self-assessment-bill/payments-on-account
- The Tax year for Self Assessment runs 6 April to 5th April every year.
- All payments for the Tax year must be paid by 31st January, which
is also the deadline for the return.
- It is important to file your tax returns as soon as possible and on time to avoid penalties.
This starts at £100, and interest can build on unpaid tax.
- You have to make 2 payments on account every year unless:
* your last
Self Assessment tax bill was less than £1,000
* you paid more than 80% of the previous year’s tax you owed, for example through your
tax code or because your bank had already deducted interest on your savings
Each payment is half your previous
year’s tax bill. Payments are usually due by midnight on 31 January and 31 July.