Fast Accounting Services Limited » Business startups

QuickBooks

admin — Wed, 24 Mar 2010 20:18:26 +0000

We use QuickBooks within our practice to record time spent on clients and run our accounts. We find it to be a very versatile and reliable system and encourage clients to try the software as we genuinely believe it to be easy to use and cost effective.

We can provide the initial supply and installation of the software, as well as training to get you started. We provide ongoing support should you need us as new updates or situations come to light within your business.

Smaller business may well be best suited to SimpleStart which is very cost effective but generally, due to VAT accounting limitations in this option, we would advise clients to buy the Pro edition. This is very cost effective as a copy of the software costs around £180. You would need to update your version every two to three years, so this needs to be considered when making a decision.

VAT

admin — Fri, 01 Jan 2010 20:10:33 +0000

VAT can be a difficult subject for some businesses and we are fully equipped to provide you with any advice and assistance you may need in this area.

We can assist you in registering for VAT as well as advising you as to whether a scheme such as the Flat Rate Scheme is the optimal scheme for your business.

We can of course prepare your quarterly or annual VAT returns for you, be it on a cash or invoice accounting basis. We use QuickBooks to do the bookkeeping and VAT preparation which allows for full tracking and reporting on VAT should you be unfortunate enough to have a VAT enquiry.

Tax services

admin — Fri, 01 Jan 2010 20:07:28 +0000

We are able to prepare corporation tax returns, personal tax returns and partnership tax returns based on the accounts prepared by us. This will include ensuring the optimal tax treatment of items wihtin the return and ensuring that all available claims have been made.

We will detail the tax payable, the due date for payment and provide you with information on the various ways of paying the liability.

We will also deal with any HM Revenue & Customs enquiries into your tax returns and will endeavour to keep you involved and up to date at all times during an enquiry.

Accountancy

andrea — Fri, 01 Jan 2010 20:03:41 +0000

We provide a full accountancy service for limited companies, sole traders and partnerships. We prepare accounts which comply with Companies Act formats and, of course, which apply the latest principles in best accounting. For sole traders and partnerships, we prepare accounts sufficient to be the basis on which to prepare your tax return.

We can also incorporate bookkeeping services should you wish us to do all of the accountancy preparation work, or we are happy to provide you with guidance and assistance in setting up your own bookkeeping system so that this then feeds into us to do your annual accounts.

At all times, we will liaise with you to ensure that your accounts are up to date and prepared on a timely basis to allow you to meet your filing deadlines.

Forming a limited company

andrea — Fri, 01 Jan 2010 15:31:35 +0000

Forming a limited company is a big step and we can help you throughout the planning and set up stages. The first thing we would do is ensure that operating through a limited company is best for you.

We can check the availability of your desired company name. Once you’re ready to go ahead, we collate all the information we need to set up the company and you will have the company documents within a working week. If necessary, we can provide a fast track service should you wish.

Once you have your limited company, we can advise you through setting up a bank account, becoming VAT registered, setting up a PAYE scheme and completion of the CT41G HM Revenue & Customs form.