The Benefits of Using a Bookkeeping Service

The Benefits of Using a Bookkeeping Service
When running your own business it may be tempting to attempt to do everything yourself; your business is your brainchild so it’s natural to not want to relinquish any control over it to someone else. But the fact is that there’s so much to do to keep your business running smoothly, so it is a good idea to let someone else help you out.
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Management Accounting

Management Accounting
Management accounts are financial information prepared along the same lines as the year end statutory financial statements but prepared either monthly or quarterly.

Management accounts give a view of the companies profit or loss on a timely basis throughout the financial year.
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HMRC is watching you!

HMRC is watching you!
HMRC have developed new software to help them decide if a tax return looks wrong, or if they think someone is not paying enough tax. This new software is known as ‘Connect’.

Connect pools information from varying sources to help create a picture of what someone’s tax affairs should look like.
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Tax relief and incentives

Tax relief and incentives
There is a highly favourable environment for businesses as the economy is improving.  It’s also good for those who invest in businesses as there are many sources of funding.
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Business Valuations

Business Valuations
Business valuations can benefit your company in many ways.  They help you to assess where your business is currently at financially and supports you with strategy development. Many business owners only consider a valuation when they are thinking about selling a business but a valuation can help in gaining an evaluation of the strengths and weaknesses of a business and help to develop a plan for increasing the value of the company.
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