bookkeeping & VAT
from £30 per hour
As expert self-assessment tax return accountants in Cheltenham since 2009, we will potentially save you hundreds of pounds vs filing your own accounts. We do all of the number crunching and prepare your tax return quickly and easily saving you time and money!
Your tax return will be filed with HMRC on time, every time.
what is bookkeeping?
Bookkeeping is quite simply the day-to-day upkeep of your business's financial records. This information is then used to prepare your year-end accounts.
Software these days makes life a lot easier as far as bookkeeping is concerned and if you're just starting out in business we can point you in the direction of the best software to use for your bookkeeping needs.
Regent Accountants Cheltenham Ltd has been running since 2009 and we're highly experienced (and quick) at managing your bookkeeping.
Pricing - £30 per hour.
what is VAT?
Value Added Tax (VAT) is the tax you must pay when buying goods or services. If you are a business, you may be required to register for and collect VAT.
Businesses with a turnover of more than £90,000 (known as the VAT registration threshold) must register to pay and add VAT on the products and services they buy and sell. This must be paid to HMRC when they file their quarterly return.
what is VAT charged at in the UK?
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20% on goods and services
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5% is applied to some health, energy, heating, and protective products and services
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0% is applied to a range of products and services to do with health, building, publishing, and kids’ clothing
Some services and sales of goods are outside the scope of VAT (like stamps, financial and property transactions). Instead, businesses charge VAT based on what they sell and how much money they make.
The government gives your business a unique nine-digit number, prefixed with ‘GB’. Company numbers are only given to VAT-registered businesses and can be found on your registration certificate, which also outlines when your company passed the registration threshold and when your first VAT return is due.
when is my VAT payment due?
If you need to check your VAT Return and payment deadlines, you can do this by signing into the Government Gateway and accessing your VAT online account.
Your VAT online account will provide you with the following:
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When your VAT Returns are due
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When the payment must clear HMRC’s account.
The submission and payment dates tend to be the same, and calculated one calendar month and seven days after the accounting period end.
For example: If your VAT period ends on March 31. Then, by May 7, you will have to pay the VAT owed.
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Anita Shenoi
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Alexa Young, CA
"Anne has been a wonderful support over many years and many changes to my business. I greatly appreciate her straightforward approach and friendly advice and thoroughly recommend her to any small business looking for a good accountant."
Ian Muir
Direct Sales Solutions Ltd
"Anne is great to deal with and explains everything in layman’s terms. Been my Accountant for 7 years. First class service"
Richard Wakefield
Cheltenham Gas Services
"Regent Accountants has provided a professional service for the last 15 years, Anne has delt with several changes to my business and has always given me advice to enable Cheltenham Gas Services to deal with the challenges a small business comes across."
