Tax Compliance and Planning
Tax Compliance and Planning With Action Accountant
Tax Compliance with Leading Chartered Accountants in London
We advise our clients before year-end to explore ways in which we can legitimately reduce your tax liability. You work hard for your money and we’re dedicated to ensuring that you keep as much of it as legally possible. You have to pay tax, but there’s no law that says you gotta leave a tip! We make sure you keep what you can.
Accountants Making Tax Digital
From April 2019 those businesses that are registered for VAT (Sales of £85,000 ) need to keep their records digitally from which VAT returns can be filed. This is a mandatory UK accountancy requirement. But for an accountancy firm with cloud accounting, this is something we can help you with.
Our accountancy firm can help you systematise
- Collection of your Data digitally and analysed to produce your VAT returns.
- Our systems will reduce the cost of collection of data, You can automate this by use of your Mobile Phone or scanner to collect your data
- Be able to read your data reports in real time as it happens!
What are the advantages of going digital?
1 Do you have a clear picture of your Financial Position?
2 Are you aware of the sales invoices that will fall due or are already overdue?
3 Are you able, to see the amounts due to each supplier and when they fall due by?
4 Do you know the cash position today?
5 Do you know, the amount of VAT that is due today?
6 Do you know the value of and age of your stock and work in progress?
7 Do you know which, customers rank in the top 10?
8 Are you able to invoice and chase customers, for Payment, online?
9 Can you download, your Bank statements into your Books without entering the data manually ?
10 Are you able, to automatically back up your data and upgrade software ?
11 Are you able to access data anytime any where?
12 Are you able to get a snap shot of your financial health?
Services Our Accountants Provide to help you make your accounting digital and easier to use:
1 Analyse your present Accounting systems, and discover the Gaps in your system
2 Decide with you, how to fill the gaps with an improved system and how it will benefit you.
3 Choose a system software to use (Xero, Sage or Quick books )
4 Plan and train you on use of the system, including Data transfer from the old to the new system
5 Review with you the results each quarter to see ways, of improving them.
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