Year End Accounts
Your accounting and bookkeeping will grow in line with your business growth. We can provide year end accounts, profit and loss statements, balance sheets and cashflow forecasts as an addition to our self assessment tax return service. These documents are useful when applying for business finance, grants, mortgages, loans and for assessing your businesses performance over a given period.

Tax and Accountancy
Our services include:
• Bookkeeping
• Monthly management accounts
• Year End Accounts
• Monthly payslip's for your staff
• End of year payroll returns
• P11D’s
• VAT returns, if registered
• Personal and Corporate Tax Planning and Advice
• Personal Taxation
• Annual Company Returns
• Corporate Tax Returns
• Unlimited support and advice
• Flexible payment options

VAT Return
Do you need to be VAT Registered?
Yes, if your business services or sales are taxable or your turnover (sales) exceeds the statutory registration limit (£70,000 from April 2010).
You can voluntarily register for VAT, even when your turnover is below the statutory registration limit. This usually happens when your costs or purchases include VAT, and most of your customers are VAT registered (you can then claim back this VAT on your sales). Its is also useful to be VAT Registered if your sales are mainly zero rated.

If you do not fit into the above description it may be better to delay VAT registration until you have to, or discuss with us.

Most registered traders pay VAT to HMCE on a quarterly basis. The basic VAT scheme does not suit the cashflow of certain businesses so special VAT accounting schemes have been designed for specific trade sectors. Others have been designed to deal with more general business issues. Some of these schemes are shown below.

Cash Accounting
Usually VAT is payable when an invoice is issued. In contrast, using the Cash Accounting Scheme, you do not need to pay VAT until your customer has paid you. But you also cannot reclaim VAT on your purchases until you have paid for them. Cash accounting can be beneficial for your cash flow especially if your customers are slow to pay. It is even more useful if you have bad debts. Under standard accounting for VAT, you have to pay the VAT on the debt even if you never receive the payment from your customer. Using the Cash Accounting Scheme, you do not pay the VAT if your customer never pays you.
Flat Rate Scheme
Using the Flat Rate Scheme you do not have to calculate the VAT on each and every transaction. Instead, you simply pay a flat rate percentage of your turnover as VAT.
Annual Accounting
Using the Annual Accounting Scheme, you pay VAT on account throughout the year in nine monthly or three quarterly installments. These installments are based on the VAT you paid in the previous year. If you have been trading for less than a year, the installments are based on an estimate of your VAT liability.

Cashflow Forecasts
Cashflow forecasting shows a businesses expected turnover/income and profit for a given period of time. These are helpful for budgeting and further business projections such as Marketing and will help with financial planning and decision making. They are also helpful tools needed by loan providers if you intend to secure business funding.

Easy Accounting Solutions provide accurate and comprehensive services, we tailor our pricing and products to best suit your unique business.