For small businesses keeping appropriate financial records is a drain and a distraction from the things they do best; earning the money; that the business was established for. But never forget that:

  • A limited company is legally bound by the Companies Acts to keep proper records; ask us if you need to know what exactly that means.
  • If you are in business you will be telling the government what taxes you need to pay under the self assessment system. You have no choice in this and whoever prepares and submits your tax return you are still responsible if it is incorrect.
  • HMRC has a new programme of checks where it drops in on small businesses and performs checks on business records. HMRC plans to complete up to 12,000 Business Records Checks by the end of the current financial year, with 20,000 provisionally planned for 2012/13. HMRC is increasing the number of visits. That’s a quote from the HMR website.

We can take away the burden of keeping appropriate records and allow you to concentrate on what you do best. We know what is required for a business like yours and will also be pleased to advise any of our clients if they plan to keep their own records. See our price list for bookkeeping charges.

If you currently have a bookkeeper and just require the end of year accounts filing we can help you to. Many of our clients work this way, using a bookkeeper to do the routine bookkeeping and use us to minimise the tax at the end of the year. Get in touch for a quote.

Knowles Warwick have taken over the practice of Ian B Thompson Limited
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