Accountancy and Bookkeeping
As much as you'd love to avoid it, there's no getting away from the need to manage your books.
We manage the whole process and get those various tax returns submitted, on time. And yet, every year, 750,000 people needlessly fail to make the return deadline.
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Working with Business Buddies ensures three things: 1) you'll never be fined 2) you're likely to reduce the cost of managing your business finances, and 3) your're fully compliant with the new Making Tax Digital regulations.
BOOKKEEPING
Keep track of your business, anywhere, anytime
How many times have you had a last minute rush to organise your books to give to your accountant, or just handed them a bag of receipts and left them to sort it out?
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Business Buddies can save you stress and money by completing your books on a regular basis, and you won't have to pay over priced accountant or bookkeeper fees.
And as we're Quickbooks certified, we can help you illustrate where money is spent, sources of income and other valuable information. It also means you can be ahead of Making Tax Digital, saving yourself pain and cost in the future.
End-of-year returns
Reduce the cost of managing your accounts
We have partnered with an expert accountant to ensure that you benefit from proactive and expert financial advice and service.
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MLE Accounting Ltd provides a range of value added services, and you're guaranteed to receive a clear and accurate picture of your financial health which is of considerable benefit when building a detailed picture of your future.
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MLEs advanced accounting systems mean that we can produce reports in a variety of ways and whenever you may need,
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Services include:
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Management accounts monthly, quarterly or annually
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Actual results/business plan or budget analysis
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Costing information including break even/turnover info
PAYE
Reduce risk and avoid late payment penalties
Are you a company director or do you employ people? If so, it is important that you follow and apply the PAYE rules. Calculate the payroll incorrectly and the result could be retrospective action from HMRC when you least expect it.
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Business Buddies can help you overcome the hurdles presented by managing PAYE, providing clients with a friendly and professional service, ensuring compliance with HMRC rules at all times.
Services include:
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Manage payments and payslip distribution
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Submit year-end PAYE returns
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PAYE scheme registration
VAT returns
Calculate rebates and reduce fines
The dreaded VAT? Dread no more with Business Buddies helping you.
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We submerge ourselves in your business accounts to understand what factors are relevant when calculating your VAT including any zero rated items, ensuring you are submitting an accurate return every time.
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We'll provide you with a regular update of your current VAT calculation which helps you budget over the months - the best way to avoid shock bills.
CIS returns
Managing your returns and securing your refund
Are you part of the Construction Industry Scheme and required to file CIS returns to HMRC on a monthly basis? Is this one of those deadlines that always seems to be left to the last minute?
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Business Buddies can manage the process for you, from verifying new sub-contractors with HMRC, creating CIS statements for your sub contractors and logging the return via the HMRC website.
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You can rest assure the submission will be accurate, on time and easy for you to pay. If you're a sub-contractor yourself we'll ensure your deductions are recorded and your refund calculated and secured.
Making Tax Digital
Making Tax Digital is a HMRC initiative designed to bring the UK tax system online.
You'll have your own personalised digital tax account and it will become easier for you to get your returns in on time and reduce the chance of getting fined.
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Making Tax Digital began on 1st April 2019 and reuires you to keep digital records and submit VAT returns using compatible software, of which, HMRC lists QuickBooks as suitable for Making Tax Digital for VAT.
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Self-assessment
Reduce risk and avoid late payment penalties
Whether operating as an employee or self-employed, it is important that you follow and apply the PAYE rules. Calculate the payroll incorrectly and the result could be retrospective action from HMRC when you least expect it.
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Business Buddies has partnered with PAYE experts MLE Accounting Ltd to help you overcome the hurdles presented by managing PAYE, providing clients with a friendly and professional service, ensuring compliance with HMRC rules at all times.
Services include:
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Manage payments and payslip distribution
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Submit year-end PAYE returns
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PAYE scheme registration
Company formations
Grow Your Business
Are you part of the Construction Industry Scheme and required to file CIS returns to HMRC on a monthly basis? Is this one of those deadlines that always seems to be left to the last minute?
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Business Buddies can manage the process for you, from verifying new sub-contractors with HMRC, creating CIS statements for your sub contractors and logging the return via the HMRC website.
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We'll send you details as soon as we can after the 5th of each month so rest assured the submission will be accurate, on time and easy for you to pay.
01256 630383