Book keeping & VAT

Every business needs to keep accurate records of their accounting transactions during the financial year in order to comply with the HMRC Legislation. All VAT registered companies need to prepare quarterly or monthly VAT returns based on their accounting transactions during the relevant period. Well managed and up-to-date accounting records are essential in the running of any successful business and good records and advice are vital to protect businesses from any unexpected tax that may arise as a result of investigation or VAT Inspection.

Maintaining accurate and up-to-date records can be a burden for any business and when this task falls on the owner/manager, it can be a serious distraction from the general smooth running and efficiency of your organisation. Clients may wish to save costs by using Parkes & Co to outsource their accounting services. Outsourcing of bookkeeping duties to Parkes & Co would mean the elimination of reliance on any one individual/employee who may be absent due to holiday or sickness.

Our dedicated bookkeeping department can help with the following ...

  • Reminding you of deadlines and requesting information in advance
  • Processing payments, receipts purchases and sales invoices

The Parkes & Co team can supply a consistent bookkeeping service and has appropriate resources for the task at hand. We offer a fully computerised bookkeeping and VAT service designed and specified to give you the confidence that your accounting records and VAT are always up to date, leaving you free to concentrate on business function and strategy.

In addition we can also produce regular management accounts based on our bookkeeping work, providing an up-to-date status of your business.

  • Preparing sales and purchase ledgers, preparing VAT returns
  • Assisting with invoicing and payments
  • Assisting with VAT inspections

VAT Inspections can be stressful and time consuming. Where we prepare clients VAT returns, the inspections are usually carried out at our premises and initial queries can usually be cleared up by our team. This saves businesses the time and trouble of dealing with the VAT Inspectors and usually ensures that inspections are completed quickly with no (or minimal) adjustments and disruption.

If you want to find out more about Parkes & Co bookkeeping and VAT return services and how they may work for you, please contact us now.

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