Category Archives: Financial Services

The Benefits of Small Business Bookkeeping

Accountants in Essex
88 North Street,
Hornchurch,,Essex
RM11 1SR
UK
Phone: 01708 471442

 

 

The Benefits of Taking up a Small Business Bookkeeping Service

Small businesses have to manage their operations efficiently so that they can save on cost and gain more customers. One of the key areas that they need to look into is accounting. They must maintain a proper account of all their income and expenses to show their balance sheet, profit, and loss account and also pay their taxes correctly. This is essential so that they can function well and also gain a good reputation amongst businesses operating in their industry and also from customers.
 

Why Take Assistance From A Small Business Bookkeeping Service?

Many small businesses find it difficult to keep track of all their accounts. If their trading activities are extensive, they have to hire an accountant to manage their accounts related information. It is financially difficult to hire accountants because they can be expensive. The best option is to take up the services of an accounting firm that specializes in looking into the accounts of a small business bookkeeping.

Here is a look at the benefits of taking up the services of a reputable small business bookkeeping service:

small business bookkeeping* They will efficiently maintain all account knowledge such as entering cash receipts, reconciling accounts and much more

* They will prepare a monthly income and expense report

* They will prepare annual financial statements that are required to ascertain financial position and for tax purposes

* They will look into the payroll activities for the business’s staff members

* They will reconcile all balance sheet accounts

* They will prepare and lodge BAS

The accounting firm will look into all important aspects of the company financial transactions, giving them the most efficient management of their accounting activities. This gives the owners the peace of mind that they need to concentrate on core business activities. They will inform them about any new government rules related to business accounts and also various means by which they can save on taxation. As they are well aware of the environment of a small business they can offer specialized advice that enables clients to get the best benefits of efficient accounting and financial reporting. This is very much essential for the ultimate success of a small concern in a competitive market.
 

How to Find a Reputable Small Business Accounting Service?

In order to get the benefits of a reputable small business accounting service, it is essential to look into a listing of such services in your city. For example, if you live in Gold Coast, look into a listing of well-known Bookkeepers Gold Coast to find a service that is suitable for the size and needs of your small business. A professional Bookkeepers Gold Coast agency will have expert accounting professionals who will offer sound advice on various types of financial matters ranging from taxation to curbing expenses. Look into their years of experience in managing small business accounts so that you can get professional advice on various financial matters.

What Is Required To Raise Financial Capital For A Startup?

Global Advisory & Capital Placement Agents
Swan House,
3rd Floor,
17-19 Stratford Place,
London
W1C 1BQ
UK
Phone: 020 7016 660

 

 

You’ve heard all about these small business startup ideas getting funded by pools of investors online, and you want your piece of the pie. It’s definitely notable that this is a big part of the business world these days. The online world brings businesses and investors together. But, just how do you go about doing that? Could you use some tips on how to raise financial capital for your new business idea?

Are you planning on starting a small business? You need to know where you fit in when it comes to startups. For starters, you want to be barking up the right tree when it comes to investors. Some investors are only interested in high impact businesses. Which category do you fall into, and how do you plan to court investors?

If you are wanting to court investors for a high impact business, you’re going to have to get in the game. Experts recommend that you be networking with them by exploring other opportunities out there in the business world. A small business owner might handle things a little differently, but getting venture capital for a high impact business means that you have to get your feet wet. Not only do you need to be networking, but you need a solid team of people surrounding you. They aren’t your entourage, but they are people working as a team to get your business off the ground. how-to-raise-finance2

FIRSTavenue Partners Investors like seeing a team of people and not just one person standing alone. People, including other investors, jumping in to get the business going, causes others to hop on the bandwagon. It’s like a domino effect. So first you need to work on getting a team of people together to help you present your business idea and make it relevant.

You have to get your business idea in front of investors. It’s not just about doing this in person, as there are many online outlets for doing so. Experts even recommend that you might want to have a mentor. In other words, you would have someone overseeing your efforts towards putting a business idea together and finding the investors that have the venture capital to get your business going.

Realize that you might have to try several different avenues before you get the answer you’re looking for. It can take time to get everything organized and convince investors to hop on board. Once the idea clicks and you find the right company or the right person, again, you might have others signing up to help as well.

Deadlines for Self Assessment Tax Payments Online

 

Accountants in Essex
Unit B, The Laindon Barn
Dunton Road
Basildon,Essex
SS15 4DB
UK
Phone: 01268 330162

 

 

If you are enrolled for self assessment, then you will need to make a self assessment tax payment each year. The deadlines for paying your self assessment tax payment are the 31st January (for tax owed from the previous year), and the 31st July, for the second payment on your account.

 

If you do not want to do a single payment on account in January, and another in July, then you can arrange to make a self assessment tax payment using a regular budget payment plan.

 

You can pay your tax online if you wish – many people find this easier than paying over the counter. It is important that you make your payment by the deadline, otherwise you could end up being charged interest – and there are penalty fees for late payments as well, with the penalty increasing the later the payment is.

 

There are many ways to pay. If you pay online or by telephone banking then the payment should clear either the same day or the next day. Payments sent by CHAPS, or made by debit or credit card online will also come through quickly, as will payments made at a post office or a bank or building society. Note that to make those payments you will need a paying-in slip.

 

If you pay by bacs, via an existing direct debit or attempt to pay by a cheque sent through the post, you must leave at least three working days for the payment to go through. If you are setting up a new direct debit, give yourself five working days.

self assessment tax payment

Be mindful of bank holidays – if your deadline is on a bank holiday or a weekend then the only reliable ways of paying are Faster Payment or debit/credit card. For all other payments, make sure that the last clearing day will be the last working day before the deadline, to ensure that the payment hits your account.

 

The HMRC website is generally quite reliable, but you may experience problems with the payment service during very busy times. You should check the website to make sure that there are no current problems, and also look to see if there is any planned maintenance – because this could make it harder for you to pay. Plan ahead to make sure that the payment does indeed go through in time.

 

If you want to let HMRC work out how much tax you owe, you need to file early. The deadlines for self assessment and for HMRC calculated tax differ, and this is something that does catch a lot of people out. Talk to an accountant if you aren’t sure what the deadlines are, or how to fill out the forms correctly. They will be able to give you some good advice, and could save you not just time and stress, but also a lot of money in the long term as well, by ensuring that you pay the right amount of tax, and avoid potential fines or penalties.