Book keeping and VAT

Book keeping and VAT Services in Lancashire
All businesses, whether they are sole traders, partnerships or limited companies, are required to maintain a minimum record of their business transactions. This becomes more critical when you are VAT registered and are required to complete returns, normally on a quarterly basis.

Whilst manually kept records may be suitable for some businesses, the use of computer spreadsheets or increasingly computerised accounting packages such as Sage are now commonplace and, for the most part, viewed as best practice.

What is book keeping?
Book keeping is the process of documenting, examining and interpreting a business’ financial transactions. At Whitehead & Howarth, we recognise that the time involved in maintaining your accounting records can be time consuming and intensive. That is why we offer an in-house book keeping service. We will undertake all of your book keeping tasks for a competitive monthly fee, therefore, leaving you with more time to dedicate to your business.

VAT registration service
You must register for VAT if any of the following apply to your business:

• your VAT taxable turnover is more than the £81,000 threshold in a 12 month period
• you receive goods in the UK from the EU worth more than £81,000
• you expect to go over the threshold in a single 30 day period

You can also register voluntarily if your business turnover is below £81,000.

If you don’t want to spend time struggling with VAT rules and calculating VAT returns, our specialist team can deal with this for you and leave you to get back to running your business. Whitehead & Howarth Chartered Accountants offer a VAT registration service and can guide you through what can sometimes be a confusing process. By using us as your agent to deal with your VAT registration and returns, we will liaise with HMRC on your behalf, therefore, allowing you more time to concentrate on your business.  We can also deal with any VAT disputes that may arise.

We utilise the very best accounting software such as Sage so it is possible to quickly produce your VAT return in a fraction of the time that it would normally take with a traditional, manual book keeping system. Using the latest Sage accounting software, we can produce monthly management reports and quarterly VAT returns to enable you to keep a finger on the pulse of your business’ finances whilst not becoming completely bogged down in the avalanche of paperwork that might otherwise ensue.  This leaves you with more time to do what you are best at – serving your own customers.

Get in touch to find out more about our book keeping and VAT services
Whitehead & Howarth Chartered Accountants provide services throughout Lancashire from St. Annes, Lytham, Blackpool, Poulton-le-Fylde and Kirkham on the Fylde Coast through to Preston and Blackburn across the North West of England.

If you would like to find out more about Whitehead & Howarth’s book keeping and VAT services, please get in touch with our friendly, expert team. Simply fill in our quick contact form and we will give you a call to chat through your requirements or alternatively call us on 01253 725111. You can also follow us on Twitter and Linked In.