Our bookkeeping services offer you full flexibility, we can do as much or as little as you, the client requires. A complete bookkeeping package can include:
The collection or digital submission of paperwork from you on a regular basis, followed by the preparation of your books in our Taunton office using Sage Line 50 Client Manager ready for submission to your Accountant and HM Revenue & Customs.
A member of our team will work from your premises on a regular basis, using your Sage Line 50 software to prepare your accounts ready for submission to your Accountant and HM Revenue & Customs at the end of your financial year.
We can prepare creditors and debtor's lists to help you plan cash flow and chase any outstanding debts. If required, we can undertake payment of suppliers through Internet Banking on your behalf and prepare cheques for your signature. We can set up stock taking systems within your business. We prepare management reports to highlight profit and loss areas or projected cash flows for meetings with your Bank Manager. We can calculate, complete and submit your VAT returns online. All this will leave you with more time to concentrate on your growing business.
Assistance with VAT registration and Making Tax Digital.
Value added tax is one of the most complex tax regimes imposed on a business - so complex that many businesses inadvertently overpay or underpay VAT.
The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of HMRC call for a trained professional to ensure that you do not fall foul of the regulations and do not pay HM Revenue and Customs more than you need to.
At AJM Accountancy & Bookkeeping Ltd, we will provide you with an efficient cost effective VAT service, which includes:
Assistance with VAT registration
Acting as VAT agent and providing a UK administration address as a point of contact for H M Revenue & Customs
Advice on VAT planning and administration
Use of the most appropriate scheme
VAT control and reconciliation
Preparation and submission of VAT returns online and on time.
Our accounting services provide a comprehensive insight into your business and/or personal financial position. We provide accounting services for Sola Traders, Partnerships and Limited companies.
Accurate year end accounts assist with business planning, decision making and business growth.
The preparation of regular Management accounts may be more appropriate for your business to focus on the real-time financial position, we can provide advice on the most suitable service for your business.
AJM Accountancy & Bookkeeping Ltd will collate your accounts based on the information you provide, in either digital or paper form. Once processed, we can then discuss these with you, to ensure you have claimed all of your entitlements prior to submitting to HMRC.
We advise you give yourself sufficient time to prepare your accounts, our reminder service will prompt you throughout the year.
We provide both personal and business Tax return services.
Submitting a Tax return to HMRC can seem daunting, our professional Tax team are available to assist with the accurate preparation of your return and digital submission to HMRC. Payment on account or payment/refunds on your behalf can also be arranged using our integrated HMRC compliant software packages.
Using our Tax team can reduce the complexity of submitting a return, minimise the risk of overpayment and avoid unnecessary penalties.
Payroll can be a time consuming process, however, it is becoming more and more necessary, even if you have the type of business where you consider your staff to be 'casual', 'part time' or 'sub contractors'.
Legislation has greatly restricted the way in which we pay the people who work for us. Almost everyone should now be on a payroll, with just a few exceptions.
What we can do for you:
As a payroll bureau we can handle all paperwork.
Provide advice on the recent legislation changes which set out complex new rules about paying staff whether they are permanent, part time, casual or subcontractors.
Process all employer statutory payments, SSP, SMP, SAP, SPP and Holiday pay.
Receive information by fax or email to process employee salaries weekly or monthly
Print pay slips and fill in PAYE/National Insurance (P11) sheets.
Develop and establish an electronic payment system.
Complete end of year P35/P14 submission to HMRC and print P60 forms for distribution to your staff.
As we move to a more digital world of accounting, our training support in the various Accounting software packages provides you with an ideal base on which to improve the efficiency of your business, bringing you closer to the management of your business.
Speak to our team to find out which package would suit your business and arrange a one to one or group training session to get you started.
Training is currently available in the following packages:
NEW START UP BUSINESS SUPPORT
If you are thinking of setting up a new business or you have recently started trading in business, please call us to discuss how we can support you.
If you are a sole trader or partnership, we can help you establish your business correctly from the outset from an accounting perspective. We can advise you of the correct records you need to keep and the best way to submit this information.
We can also assist with the form filling process for HMRC, completing forms on your behalf and responding to queries.
AJM Accountancy & Bookkeeping Ltd are available to support your business administration processes too. Our team of skilled staff often attend business premises to assist and organise administration requirements, whether this is writing letters, picking up the phone or helping you to sort out your paperwork/filing/bookkeeping on site.
We have many years of working in an office and can help you to find ways to streamline or digitise your office procedures.
CONSTRUCTION INDUSTRY SCHEME
If you are in the Construction Industry and use subcontractors then you will need to comply with CIS legislation. We have several construction clients and are very experienced in accounting for CIS.
Managing your CIS through AJM Accountancy & Bookkeeping Ltd will ensure accurate CIS deductions and submissions and avoid automatic penalties or fines.
If you are unsure if you should register for CIS, please call us for advice.