Fast Accounting Services Limited » News

The Red Envelope

andrea — Tue, 05 Jul 2011 15:20:50 +0000

We have launched our “Red Envelope“. If you utilise our book keeping and VAT preparation services, we will shortly be sending you a Red Envelope. This is for you to return your monthly or quarterly book keeping information to us. Once we receive a Red Envelope from you, we will send you another one ready for the next batch of information.

We hope that you find this useful. We believe that putting your information into the Red Envelope as soon as you’ve dealt with it will help you keep your relevant paperwork together and once it is in there, you can forget about it (other than posting the envelope to us of course!).

Please do provide us with feedback as to whether you like the idea and whether the envelopes are of a suitable quality to safely convey your information to us. We will use this feedback to drive any future improvements to the design.

QuickBooks 2010 Pro for £105 plus VAT!

andrea — Sat, 14 May 2011 10:34:22 +0000

CostCo are currently selling QuickBooks Pro 2010 for a very good price of £104.99 plus VAT until the 22nd May 2011.This is a very good price so if you have an older version of QuickBooks, now is the time to upgrade. QuickBooks 2011 is on sale in America at the moment so will be coming to the UK within the next few months, but we still think it is worth upgrading now at this price.

We offer a software upgrade service so if you want us to install your new software for you and you live within a 20 mile radius of where we’re based, please contact us for more details.

Our summary of the Budget March 2011

admin — Thu, 24 Mar 2011 08:26:47 +0000

Here is our summary of the main points of the Budget held yesterday, 23rd March 2011. The main point I think the Government is missing is that small businesses need as much help as possible at the moment. Banks are more reluctant to lend to them and they are really being squeezed.

Budget Summary March 2011 (233)

The rise in National Insurance is still going ahead and whilst the corporation tax rate from 1 April 2011 fell to 20% from 21%, the rate for larger businesses has gone down by 2% with a further 1% decrease each year until it reaches 23%. It seems that the Government put supporting larger businesses at the forefront and don’t consider what a boost it would be for the economy to give small businesses a real shot in the arm.

HMRC targeting businesses to ensure proper record keeping

admin — Thu, 10 Mar 2011 15:19:27 +0000

HMRC can charge a penalty of up to £3,000 if it believes a company isn’t keeping adequate records. Revenue inspectors are set to carry out an extra 50,000 random investigations this this year so you need to ensure that you are complying with the Revenue’s best practice guidance.

HMRC guidance on records to keep

Post Election Budget 2010

admin — Wed, 23 Jun 2010 06:43:19 +0000

Our summary of what was in the post election Budget yesterday, 22 June 2010, is now available to download. Should you wish to discuss anything with us, please don’t hesitate to contact us.

Post Election Budget 2010 (383)

Budget 2010 summary

admin — Thu, 25 Mar 2010 09:17:01 +0000

Our summary of what was in the Budget yesterday, 24 March 2010, is now available to download. Should you wish to discuss anything with us, please don’t hesitate to contact us.

Budget 2010 summary (386)

Do you want to change your accountant?

andrea — Fri, 01 Jan 2010 10:11:48 +0000

It can be a very daunting thing to do, but changing your accountant need not be stressful and as we are professionals, it will be done smoothly and without much direct involvement from you.

Ideally, you need to write to your existing accountant notifying them of your intention to change accountant and giving them the name of the accountancy firm you are moving to so that they know who they can expect to hear from. This isn’t mandatory and sometimes accountants first hear of the change from the incoming accountant, but it is best to forewarn your accountant. The new accountant will write to your old accountant to ask for clearance (this is a professional obligation which ensures that any matters which the new accountant should be aware of are passed on at this stage). The new accountant will ask for copies of any accounts and tax returns with supporting documentation so that they can properly take over acting for you.

You will need to sign an engagement letter with your new accountant and your new accountant will probably apply online with HM Revenue & Customs to become your agent. You give your approval to this by passing on the code that the Revenue post out to you to your new accountant.

That’s it!

Pre-Budget Report December 2009

admin — Thu, 10 Dec 2009 08:08:33 +0000

Please find a PDF document detailing the pre-budget report highlights below. If you have any queries regarding anything on the report, please do contact us.

Pre Budget Report 2009 (186)