Bookkeeping
For the good of your business, it’s vital you have accurate bookkeeping.
It’s essential to producing meaningful management information to help you make informed decisions about your business. Expenditure should be correctly categorised and the correct amount of VAT calculated.
Whether you are a business owner trying to maintain your records in your precious spare time, or using your staff to maintain your records, then freeing up time to spend on your business is where we can support you.
Why use our bookkeeping service?
- You’ll be safe in the knowledge that highly trained specialists are maintaining your records
- Frees up your time to concentrate on your business
- You can make informed management decisions
- Relax knowing that we will manage the deadline requirements and advise you of your VAT liability on a timely basis
- Innovative use of cloud accounting so you have access to your records 24 hours a day 365 days per year from anywhere on any device
VAT
VAT can easily be overlooked, but, as a transaction based tax, impacts everything a business does and demands the appropriate time and effort to manage.
VAT is becoming increasingly complex with demanding compliance requirements.
Transactions, whether they are routine daily business purchases and sales, or a larger one-off event, need to be correctly treated for VAT.
HSA & Co has the experience in advising businesses how to manage their VAT, from the start of trading to one off transactions for existing businesses. We also provide assistance with compliance and can prepare, and submit VAT returns along with identifying the appropriate VAT scheme to adopt.
In addition to dealing with compliance matters, we are experienced with defending against HMRC challenges, negotiating penalties, managing VAT inspections and, if there has been an underpayment of VAT, negotiating time to pay arrangements. Other areas we can advise on include:
- Property transactions (acquisitions, disposals, construction and development)
- Acquisitions and disposals of businesses
- Exempt supplies, partial exemption calculations and VAT recovery
- Motor vehicles and expenses
- Special VAT accounting schemes