Our aim is to provide a service that is fast & affordable by utilizing available technology to put us at competitive to other tax service providers.
Our prices starts at only £59.99, this includesWhen starting up a business, one of the most critical aspects that are often overlooked is the element of timely accounting procedures and tracking methods. The failure of most businesses today often stems from the fact that the owner did not keep on top of things such as the following:
- Accounting records
- Sending out invoices in a timely fashion
- Paying business (and personal) bills on time
- Submitting proper tax documentation such as your corporate tax return, any applicable Paye Returns such as the P35 or P14, Self-Assessment return, and your VAT Return
The following is a listing of everything you need to stay on top of if you don’t want to fall flat on your face with your new business:
- Business Analysis – the key elements here are the financial statements that you prepare. Needless to say, this is the best way for checking the health and pulse of your business.
- Cash Flow – keeping accurate records is imperative where maintaining your cash flow so be sure to stay on top of your payment sources.
- Financial Statements – your financial records are the key component of your financial statements so you definitely need to keep accurate figures and track this continually.
- Tax Returns – there is no single more important aspect of the entire monitoring and tracking facets of your business than keeping on top of your tax returns. The more detailed your financial records are, the more you will benefit. Not only does this help you keep on top of your records, you will know when and where to file for certain tax refunds, if due, that you can benefit from financially.
On a closing note, it is imperative that you not only track these different aspects of your business, but that you monitor these issues every day if need be. You can easily develop a system that enables you to do this.
Hicks Stephens will sort out your Tax Returns at an affordable price. There are nearly 5 million registered business in the UK, of these, just over 99 percent are considered to be “small” with turnover of £5.6 million or less and employees of fewer than 50, so you are not alone in your ventures and there will be other who are having the same problems as yourself.