Title: Bookkeeping Services in UK
1BOOKKEEPING AND ACCOUNTANCY
- BY SMOOTH FEATHERS ACCOUNTANTS
- www.smoothfeathers.co.uk
2Business Accounting Services We Offers
- Taxation
- Bookkeeping
- VAT Services
- Payroll Services
- Year End Accounts
- Self Assessment Tax Return
- Company Formations
- Outsourcing Services
3Bookkeeping
- Bookkeeping, Accounting, Auditing, and Tax
preparation are essential for tracking expenses
and managing the financial aspects of a business.
This allows them to make financial decisions that
can improve profits. - Bookkeepers and accountants are as essential to
the business as its operating employees. You need
someone to manage your money as your business
grows. This is where bookkeepers and accountants
come in.
4Principles of Bookkeeping
Bookkeeping is to record on a day-to-day
financial transactions and information pertaining
to a business. The bookkeeping principles ensure
that the individual financial transactions are up
to date and comprehensive. Also, to provide
information from which accounts are to be
prepared. Two main principles of bookkeeping
are 1. Operating in an ethical and honest manner
2. Being accountable for reviews of financials.
5Why Business Should Hire Bookkeepers
Accountants?
- Bookkeepers and accountants are as essential to
the business as its operating employees. You need
someone to manage your money as your business
grows. This is where bookkeepers and accountants
come in. - To hire a certified bookkeeper for your business,
visit Smooth Feathers Accountant
61. They can help you build your business
credit2. They know how to maximize your tax
benefits
- If you are a freelancer or a small business
owner, you may find it hard to get loans from
banks and lenders because small entrepreneurs are
viewed as riskier clients. For one, they often do
not have detailed records of their activities. In
fact, detailed documentation is a requirement in
securing a mortgage or a business loan, and your
CPA bookkeeper can take care of this for you. - Businesses are taxed differently from
individuals. Your business may be able to write
off certain expenses, such as utilities, phone
and internet bills, or travel expenses. Your CPA
bookkeeper will be expert in the tax exemptions
and rules that apply to your business.
73. They keep your business out of financial
trouble
4. They help you monitor your finances
- If you are subscribed to accounting services, you
will have a safety net for financial challenges.
Should your company need to undergo an external
audit, you will benefit from having a bookkeeper.
During tax season, they can provide some insight
regarding your returns and collaborate with a CPA
to ensure your business is in the clear.
They can also make sure that your business
habits will not get you into difficult
situations. Your bookkeeper will advise you on
financial matters that might affect your
business, such as a divorce or the death of a
business partner. A professional bookkeeper will
protect you from internal issues that can range
from employee fraud or theft. - If you hire a bookkeeper for the long term, they
should take care of your monthly financial
reports, business taxes also give you the
information you need to understand your business
performance and cash-flow.
8Conclusion
- Understanding your financial position is
directly affected by how accurately you keep your
books. Many people do not understand how
bookkeeping can impact their companys growth and
how hiring a bookkeeper can be a way for them to
save money and enhance their businesses. Small
businesses and freelancers need the stability of
a sound financial plan to help them sustain their
activities. Hiring a bookkeeper will greatly
contribute to that.
9Thank You For Reading Us
- For any Query, Call us _at_ 44-01753316725
- Visit Our Website www.smoothfeathers.co