Support Services

Let us look after the financial and tax aspects of your business and take away the hassle which causes many businesses concern and stress each year.

Book Keeping Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  There are many reasons why book-keeping is so vital to your business - under self-assessment it is a legal requirement to keep records - it gives you control of your business so that you know whether you are winning or losing - it may allow your annual accounts to be cheaper if the records are accurate! - if you want to sell the business or raise finance your buyer or lender will want to understand your figures - for VAT/PAYE compliance visits you will have your records inspected.

Abingdon Accountancy Centre Ltd will ensure that you spend minimal time gathering the information for the production of understandable, accurate transaction records that will facilitate the generation of useful management accounts, and cash and bank reconciliations.  You will need to keep paperwork safe and make sure that you do not mix business and personal transactions or mistake limited company money for "your" money.

VAT Registration and completing VAT Returns                                                                                                    When you register for VAT you are usually assigned a three-monthly "tax period".  The VAT return reports the total VAT charged on your sales, minus the total deductible VAT paid on your purchases.  The difference between the two is payable or reclaimable - so you become an unpaid tax collector!  Why not let us take over the role of completing the returns for you and help you to avoid costly mistakes?

Management Accounts                                                                                                                                        Many businessess find it useful to have management accounts prepared on a regular basis, either monthly or quarterly, in order to review the performance of the business, especially where budgets are set at the beginning of the year.  Simple management accounts cover the profit and loss accounts and the balance sheet information and will help you to make or change your business decisions.

Payroll Bureau                                                                                                                                                         Our bureau, has the capability to handle businesses with one director or employee to those with up to 100 employees.  The payroll software has regular updates for such things as changes to tax rates, holiday entitlements and other items that would effect the calculations.  All you have to do is pay the salaries and the deductions to HMRC!

Contact us to see what we can do for you.