Go Accounts offers the complete range of accountancy services - online, by post or the internet. Real Accountants in a virtual world.
Our Accountancy services include:
Rental Property Statements
Associations and Charities
If you would like to discuss your requirements please cllick Go Accounts. We look forward to hearing from you.
Are you getting the most out of your business?
It is an important fact that understanding and managing your business finances can mean the difference between success and failure. In much the same way, so could your choice of accountant.
These are just some of the things the best accountants will do for you.
• Information that is relevent • Provide reliable and up-to-date business accounts • Information that is current and up to date • Fixed monthly fees • Provide a consistent level of service • Stick to agreed deadlines • Give value for money • Agree costs up front • Keep your best interests at heart
Limited Company Accounts & Company Tax Return for as little as £299.
For the Directors of Company's, time is money, therefore the more time spent on the profit side of the business (leaving the paperwork side of it to us) the more profit the business can make. Our web quote for a full set of Ltd Company Accounts with the Company Tax Return will be valid for 14 days (both dates inclusive) and carries our guarantee that if you find a cheaper quote, for the same services with a registered accountant - we will match the fee !
Our High Street prices for Ltd Company Accounts and Company Tax Return start from £399 so a huge saving can be made by using our internet services. But if you prefer face to face meetings and services then our office staff are awaiting your call.
Our accounting service's, internet and office, are ideal for those companies who complete their own book-keeping but need their company accounts and company tax return completed by an accountant, or for those companies that want all their paperwork taken care off by us.
Maintaining accurate reliable bookkeeping and accounting records is essential if you wish to effectively manage your business. If you are new to business, keeping books, accounting and/or calculating payroll can be a daunting prospect. Both time consuming to do yourself (even if you have the skills) and expensive to employ a specialist.
Equally, if you are an established company, outsourcing your Book Keeping, Accounting and/or Payroll requirements will almost always make sound economic sense.
Our Accounting, Book Keeping and Payroll Services
It's a fact that we can carry out book keeping, payroll and accountancy service for you, at a fraction of the cost of investing in the software systems and of employing someone to do it in house. So, if you want quality up-to-date bookkeeping and accounts with the information you can rely on, at an affordable cost, you might want to consider our fixed cost monthly accounting, book keeping and Payroll Services.
Accounting Book Keeping Services Package
Priced at just £144.00 + VAT per month, signing up for our fixed cost accounting and bookkeeping services package makes sure your books, VAT records, Accounts and Tax records are all bang up to date, at a fraction of the cost of employing even a part time book keeper, and without any of the hassle of unnecessary employees.
Our fixed cost book keeping and accountancy package includes:
Day to Day Book keeping and Accounting
Books balanced and reconciled quarterly
Management accounts produced quarterly
Vat returns produced quarterly
Annual accounts and tax returns prepared and:
Submitted to Inland Revenue
Submitted to Companies House
Expert tax advice to minimise tax liability
Adjustments to year end accounts
Storage of documents at our offices
All UK businesses, from sole traders to Plc's must produce annual accounts and submit them to the Inland Revenue, and (in the case of Limited Companies) to Companies House. Tax liabilities are calculated from the annual accounts and expert knowledge of tax law is essential to minimise those tax liabilities.
Based on the above factors we have prepared a fixed cost small business annual accounts package, for businesses up to £250,000 turnover at just £49.00 per month, where we prepare and submit your annual accounts from your own accounting records which can be in any form i.e sage, quickbooks, excel, or paper records such as cash book, ledgers etc.
In addition, we offer a combined fixed cost package for both Bookkeeping and Accountancy servicefor just £144.00 per month for businesses up to 1 million turnover, where we handle all your accounting and book keeping needs for you, including your VAT and annual accounts preparation and submission.
The cost of producing company annual accounts typically depends on the size of Business, number of transactions, how well accountancy records are maintained, if the business is VAT registered and if the business handles large quantities of cash etc.
Typically for any small business the cost of accounting charges will not be apparent until the accounts are finalised, which can lead to some very unpleasant surprises.
By contrast signing up for our fixed cost accounting package means you will know exactly how much you will pay to have your accounts prepared, produced and submitted to the revenue etc. You do the day to day book keeping, we do the accounts, benefits include:
Book-keeping for beginners In a small business you always need to be in control of the finances. You can help to achieve this by keeping good records – otherwise known as book-keeping.
There are two main reasons to keep accounts
to help you manage and grow your business . to comply with tax requirements.
Managing and growing your business
Accurate book-keeping allows you to:
Compare your forecasts with actual monthly figures to evaluate your business’s financial health. Analyse your expenses to determine how to operate your business more cost-effectively. Discover which are your most profitable customers and/or products and find ways to increase your profit per customer. Receive an early warning when you might be straying into cashflow difficulties, so you can act decisively to avert a crisis. Book-keeping and tax requirements
You need to be able to show the bank manager, investors and HM Revenue & Customs how things stand in your business. There are minimum periods for which you must keep information and records needed to complete your tax return or make claims, e.g. six years for VAT or five years from the latest date for filing your return for Self Assessment. The different book-keeping options available to you
There are several ways to keep financial records:
Keep books manually. This is easy and cheap. You can buy inexpensive book-keeping systems from most stationers. However, manual book-keeping is time-consuming and not good for producing analysis or management reports. Use a spreadsheet. You will need some basic spreadsheet skills to ensure your spreadsheets self-check and to design models for analysis and reporting. Hire a freelance book-keeper. This saves you time as well as the need to learn book-keeping. The downside is the expense involved. Give your book-keeping to your accountant. This may cause delays. Some people end up seeing their books only once a year, so they may never get to grips with the dynamics of their business. It may also be an expensive solution if you are paying a professional for a task that a non-professional could accomplish. Use a personal finance package on a computer. Some have facilities for business book-keeping, but some important functions, such as handling VAT, may be basic. There is also not much scope for analysis. Use a dedicated computer accounting package. There are various levels of these, from the small and inexpensive to fully-fledged accountancy packages. All but the easiest require some knowledge of accounting.
How to set up a simple book-keeping system
No matter how you decide to keep your records, there are certain things that are always good practice.
Keep all your invoices and receipts in two sets of files, one for sales and one for purchases. Allocate a unique reference number to every invoice in and out and note it in your books or on your computer system. Then file the invoices in that order in the relevant folder. That way you can find paperwork quickly if you have a tax or VAT inspection.
Keep records of expenses. You can only offset expenses against profits that are wholly, exclusively and necessarily incurred for the business. So ask for and keep receipts. When you are VAT-registered, it is essential to keep VAT receipts. Without these, you cannot reclaim the VAT element. Log the money you have paid in one section of your cashbook. Assign columns for:
Supplier’s name, or employee’s name if you are paying wages. Transaction date. Amount. Your own reference number. Cheque number. Record your income. Establish another section in your cashbook for the money you receive.
Note the details of each transaction. Divide expenses up into columns with headings such as utilities, insurance, wages, rent, marketing expenses and so on. If you are VAT-registered, you will also need a column for VAT inputs and outputs.
Add up the totals of each column at the end of each month. Then start a new page for the new month by bringing forward last month’s totals into the columns for this month. At the end of the tax year, you will have a breakdown of your income and expenses for HM Revenue and Customs.
Control your petty cash. Keep the float at a constant level – eg £100 – either in cash, or cash plus receipts. When you need to top up the cash, remove all the receipts to enter into your books properly.
Reconcile your bank account at least once a month. This involves taking the previous balance as shown in your bank statement, adding all subsequent payments in and subtracting those you have made. The new balance should reflect your new bank balance. If it doesn’t, either you or the bank has made an error.
Choosing a computer accounts packages
Packages each have their pros and cons. You may find that ease of use, good support and comprehensive documentation count for more than price and advanced features. There are several factors to take into account when you choose your computer package.
List your essential requirements and those functions you’d like to have, but can cope without. Investigate the software packages on the market. Use magazines and the internet to help you shop around. Ask colleagues or contacts about the software they use. Ask your accountant for advice. They may be able to recommend, and possibly even help you set up, a suitable system. However, don’t allow them to persuade you into buying an over-complex system simply because it would be more convenient for them. Make a shortlist, then see which best matches your requirements. Outsourcing your book-keeping
Outsourcing your book-keeping can free up valuable time and save you money, allowing you to grow your business without hiring more people.
Qualities to look for
Ask colleagues and friends if they can recommend a book-keeper. Things to consider include:
Personal compatibility – your book-keeper needs to be trustworthy and honest, because they will be dealing with your business’s financial information. Location – do you want them to work on-site or remotely? While most work can be done remotely, the ability to arrange a face-to-face meeting is an advantage. Workload – have they got time to do the work you need? Identify your requirements
Issues to address include:
Do you want your book-keeper to use a particular software package? How will you get the paperwork to them and how often? What kinds of reports will you want and how often? How will they handle your year-end? How many purchase and sales invoices will they have to handle each month? Next, shortlist potential book-keepers. Send them your brief and ask for costings and references, which you should always check.
Choose someone and arrange a contract for the services you want.
Keep evaluating the success of your book-keeping arrangements. Make sure your book-keeper returns all documents promptly each month, so you can’t be held to ransom should a dispute arise. Be prepared to change book-keepers if your first choice doesn’t work out – keep a list of suitable alternative book-keepers on file.