What Is Bookkeeping & VAT?
​Bookkeeping is the process of recording and organising a business’s financial transactions. It ensures that all income, expenses, and other financial activities are accurately tracked, forming the foundation for financial reporting and decision-making. Proper bookkeeping helps businesses maintain compliance, monitor cash flow, and plan for the future.
How We Can Help.
At Strength in Numbers Limited, we understand that bookkeeping can be a time-consuming and overwhelming task, especially for small business owners. That’s why we’re here to help you stay on top of your finances, leaving you free to focus on growing your business. Here’s how we can assist:
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Accurate Record-Keeping
We ensure that all your financial transactions—sales, purchases, receipts, and payments—are recorded accurately and systematically. This gives you a clear picture of your financial health. -
Time-Saving Solutions
We’ll take the hassle out of bookkeeping by managing the day-to-day admin for you, so you can spend more time on running your business. -
Cloud-Based Bookkeeping
We use Xero to provide efficient, real-time updates. You’ll have instant access to your financial data anytime, anywhere. -
Compliance
We’ll help ensure your records meet HMRC requirements, so you’re always compliant and ready for any deadline. -
Customised Service
Whether you need full support or just help with specific tasks, like reconciling bank accounts or managing invoices, we’ll tailor our services to suit your business needs. -
Financial Insight
By maintaining up-to-date records, we can provide you with insights into your cash flow and profitability, empowering you to make informed decisions.​​​​
VAT Services
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VAT Registration
If your business needs to register for VAT, we can guide you through the process and ensure it’s done correctly. -
VAT Compliance
We’ll help you stay compliant with HMRC by ensuring all your VAT returns are submitted accurately and on time, avoiding any unnecessary penalties. -
VAT Calculations
We’ll manage the complex calculations to ensure you reclaim the correct amount of VAT and pay what’s due. -
Making Tax Digital (MTD)
We’ll ensure your business is fully compliant with MTD requirements, using compatible software to keep your records up-to-date and your returns submitted digitally. -
Ongoing Support
VAT rules can be tricky, but we’re always on hand to answer your questions, provide guidance, and manage any HMRC correspondence.