Brealey + Newbury Accountants draws upon a wealth of experience to deliver fantastic bookkeeping services. Based in Mansfield, Nottinghamshire, our accounting experts provide best-in-class assistance to a wide variety of clients.
Bookkeeping and VAT returns go hand-in-hand when it comes to the preparation of annual accounts. Therefore, it may be more cost-effective than you think for us to provide these services – as much of the work for the year-end accounts will have already been completed.
From experience, we know that many clients who use off-the-shelf accounting packages gain little benefit from these costly solutions. Often, users know just enough to be dangerous; without a thorough understanding of the software and bookkeeping procedures in general, well-meaning people can make the preparation of year-accounts harder to accomplish.
As a result, we recommend that you allow our dedicated professionals to free you from the hassle of bookkeeping. Often, we’re able to satisfy all of your bookkeeping needs at a rate that is similar to the cost of purchasing and maintaining a software package such as Sage™.
Value-added tax is a complex consumption tax that takes into account many different facets. That’s why mistakes are so often made, resulting in overpaid or underpaid VAT. Now that HM Revenue and Customs is increasing the frequency of VAT enquiries, as well as the associated fines and penalties, it benefits all businesses to receive our professional guidance in this area.
In the process of completing your VAT returns, we’re able to provide our seasoned advice regarding the most appropriate VAT scheme for your business. This includes whether you should utilise a flat-rate or retail scheme, and whether to use an invoice-based approach or a cash accounting method.