Book Keeping

By: TW Accounting Services (Chartered Management Accountant)  28/10/2014
Keywords: book keeping, Business Bookkeeping, book keeper

This is where it all begins, the law states that you must keep all records and documents required to complete your tax return for a specific time. If you don’t retain them you could face sizable fines and penalties. Also, if you don’t have effective Book Keeping methods in place how will you remember who owes you money (customers) and who you owe money to (suppliers)? How will you be able to calculate your tax liability for VAT, PAYE & Corporation Tax? How will you know if your products/services are profitable or not? And how will you know what funds you will have available at the end of the month? Let’s face it without proper Book Keeping methods you will be running your business in the dark. The need for good Book Keeping methods increase as your business grows, when you are dealing with more information and are unable to personally be responsible for each and every action. We can assist with your Book Keeping requirements in two different ways We can help you set up systems and processes to manage your Book Keeping records yourself We can collect your paper records from you on a weekly basis and manage your Book Keeping system for you

Keywords: book keeper, book keeping, book keeping service, Business Bookkeeping

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