Accountants Marlow

VAT Accountancy Services

Currently, businesses in the United Kingdom with more than £85,000 of revenue per year on an annual rolling basis must register for Value-Added Tax. Many firms who do not reach the VAT threshold of £85,000 choose to register voluntarily since it allows them to reclaim any VAT they overpaid. However, we recommend consulting a professional before submitting your information with HMRC.

When you register for VAT, you will almost certainly be asked to submit quarterly VAT returns. Because VAT returns must be “Making Tax Digital” (MTD) compliant, they are generally prepared using some sort of computer system. Registering for VAT will increase the administration and filing demands of your company considerably, which is where we can assist.

Our VAT accountants can assist you with preparing and filing your VAT return. We can deduct the cost of any goods or services that are not taxable in Canada, such as unregistered fees for courses. This is done by using cloud technology like Xero that is fully MTD compliant. With a VAT accounting specialist on your side, you’ll have greater confidence.

However, there’s another reason why you need a VAT accountant, and it’s due to the complexity of VAT! Because of the variety of goods and services available, different charges are levied depending on the type of materials involved. Most firms we deal with want us to handle this aspect so they can focus on their main business. This helps guarantee that your VAT is correct while also ensuring you’re not overpaying.

Marlow Small Business Accountancy Services

The tax and accounting responsibilities might appear to be quite daunting as a business owner. This is where Chartered Accountants can assist as fully qualified accountants. We work with a variety of small businesses in Marlow to assist them in meeting their accounting and tax obligations. To maintain small companies tax efficient, we also help them optimize their tax affairs.

We can help you streamline your accounting and tax processes. This is done by our Marlow-based accountants, who combine their years of expertise and experience to give you an accounting and tax service that you can trust.

Whether it’s dealing with HMRC on your behalf, filing your VAT return, or setting up a payroll for you and your workers, we can assist. We don’t believe in charging by the hour as a client; we agree to all costs in advance on a fixed fee basis, including meetings, phone and email assistance.

What classes a small business?

A small business is defined in the United Kingdom as any firm with less than £10 million of turnover and no more than 50 workers. This means that the great majority of firms in the UK are classified as tiny!

Most Marlow business owners, on the other hand, don’t regard their firm as “small.” After all, it’s their company and their livelihood. From our own experience, we’ve discovered that most small firms are quite distinct owing to this label, which is why we treat you this way.

What Accounting services do we offer at RAW for small businesses?

The majority of the enterprises we deal with choose one of our accounting solutions. These provide all the accounting and tax services for your company, including cloud software, bookkeeping & preparation of VAT returns, payroll, annual accounts, corporation tax returns, management reporting, personal tax returns and tax advisory services.

Limited Company Accountancy

The majority of the clients we deal with are limited companies. A Limited company is a separate legal entity from you that has its own set of tax, accounting, and filing obligations. Corporation tax filings with HMRC and annual statutory accounts with Companies House are necessary. Most Limited company Directors want to outsource this work to someone like us because they are concerned about missing deadlines, breaking the rules, and incurring penalties. This is where our expert accountants can assist.

Another crucial factor to consider when starting a company is how you will be compensated. This is generally done through a mix of wages and dividends, which our tax experts deal with Limited company firm owners to keep their tax affairs optimized and running smoothly.

There are several tax advantages of establishing a Limited company, but the extra legal and filing demands come with it. That’s where we can assist; our accounting services cover everything a Marlow Limited company needs, including end of year accounts, income taxes, director tax returns, VAT calculations, and bookkeeping. This keeps you up to date with current regulations while allowing you to take control of your limited company taxes and accounting.

Personal Tax Returns Service

Most Limited company directors who take dividends, as well as individuals who are self-employed, must submit personal tax returns. Most Individual Tax Returns are necessary for people who are self-employed, most Company directors that take dividends, and those with other sources of income such as landlords with rental properties. We can relieve the burden of preparing your return by providing you with confidence that they have been correctly completed. We also assist you in determining all possible reimbursements so that you can optimize your taxes and minimize how much you owe to HMRC.

Management reporting

Business management accounts provide company owners with the data and analysis they require to make sound, timely judgments about their enterprises. It’s like putting a blindfold on to run your business if you don’t utilize them.

Our Raw accounting professionals can assist you in generating management reports that provide the information you need at your organization. To help maintain your business on track, our management reports monitor your company’s critical finances as well as a variety of non-financial KPIs.

Cloud Accountancy Services

Xero is a cloud-based accounting program that makes it simple to record your company’s financial activities so you can stay on top of things. It’s ideal paired with a receipt scanning software like HubDoc, which captures transaction data from invoices and receipts. Cloud accounting systems like Xero provide an easy method for recording business finances at a low cost of roughly £20 per month.

Rather than producing and maintaining your own accounting system, we’ll use our experience to help you get the most out of it. We’re skilled with a number of cloud accounting systems, including Xero and FreeAgent, so we can assist you in selecting the right software for your business.

Bookkeeping Services Marlow

At Raw, we think that bookkeeping services are critical to the success of your small business’s financial health. Because done correctly, it provides you with a correct, up-to-date picture of your organization. It gives you a real-time view of your finances.

The problem is that bookkeeping is not particularly thrilling. Bookkeeping is the process of recording a company’s financial activities. These events include your sales, purchases, cash disbursements, wage payments, and VAT registrations. That’s where we can assist; our accountants and bookkeepers may help you keep track of your business’s transactions and ensure that your bookkeeping system is organized and efficient.

We’ve experienced first-hand the importance of accurate, on-time bookkeeping in small enterprises. We feel that as a service, it will have the single most beneficial impact on your whole finance function and restore you to control. Our small business accounting solutions all include bookkeeping by default, allowing you to get up and running with minimal fuss and providing you with a piece of mind that financial activities are being properly recorded.