Small Business Accountants - Merseyside
We Help Our Clients...
Bookkeeping
- Create customer accounts
- Agree terms of business with customer
- Credit check customers
- Send customer quotations
- Record sales orders
- Set up direct debit mandates for recurring sales
- Prepare and send sales invoices and credit notes to credit customers
- Send statements of account to credit customers
- Chase credit customer debts when they fall due
- Identify and record the correct amount of VAT on different types of sales to customers
- Create stock item records
- Build bill of materials
- Build stock item price lists
- Record deliveries send and received
- Complete stock takes and valuations
- Adjust for stock movements
- Create supplier accounts
- Agree terms of business with suppliers
- Apply for credit accounts with suppliers
- Prepare and send purchase invoices
- Match purchase invoices and credits to delivery notes received
- Reconcile supplier statement with supplier accounts
- Send payment remittances to suppliers
- Record bank payments and receipts
- Reconcile bank balances to bank statement balances
- Maintain cash and petty cash account records
- Reconcile credit card accounts to credit card statement balances
- Post journals for things like depreciation, stock valuations, prepayments, accruals, loan & hire purchase interest, dividend or drawing payments.
VAT
- Review rolling 12 month sales and checking against VAT threshold
- Identify what sales are chargeable for VAT purposes
- Select the appropriate VAT scheme for their business
- Registering for VAT
- Issue the correct VAT invoices and paperwork to customers
- Record the correct amounts of output and input VAT in their accounting records
- Prepare, review and submit VAT returns to HMRC
- Maintain an reconcile the VAT control account
- Deal with HMRC VAT records inspections.
Payroll
- Register for PAYE scheme
- Register for a workplace pension scheme
- Set up employee records
- Enter employee payments
- Deduct employee taxes, NIC and pension contributions
- Send payslips to employees
- Generate payroll reports
- Submit payroll information to HMRC via Full Payment Submissions (FPS)
- Submit workplace pension data to pension provider
- Paying PAYE and NIC to HMRC on time
- Generating P45’s & P60’s for employees
- Deal with HMRC PAYE records inspections
Limited Companies
- Identify if the limited company route is right for them
- Set up limited companies and incorporate with Companies House
- Understand their legal rights and duties as company shareholders and directors
- Remind them of important dates for the company
- Appoint and remove directors with Companies House
- Allot or reduce shares and file relevant paperwork with Companies House
- Change accounting reference date with Companies House
- Declare dividends to be paid to shareholders and prepare vouchers
- Prepare and submit confirmation statements to Companies House
- Prepare and submit company accounts to Companies House
- Prepare and submit corporation tax returns to HMRC
- Apply to strike off dormant and non-trading companies with Companies House
- Deal with HMRC corporation tax inspections
Sole Traders & Partners of Partnerships
- Register as self employed with HMRC
- Prepare accounts to identify trading profits
- Prepare and submit self assessment tax returns to HMRC
- Paying income tax and national insurance contributions to HMRC
- Deal with HMRC self assessment records inspections
