The advent of cloud-based packages such as Sage, Xero and Quickbooks has meant that companies can send invoices, record expenses and get an up-to-date picture at the click of a button, not only of their accounts but also of how much tax they owe.
When it’s time to submit your accounts to HMRC, doing so digitally couldn’t be easier.
Online accounting is very much the future – literally – thanks to the official roll out of HMRC’s online initiative, ‘Making Tax Digital’. But there’s more to online accounts than just keeping on the right side of the taxman… Digital accounting comes with a string of benefits. Not only does it make the whole process of tax administration easier, it also boosts the accuracy of your tax calculations.
Despite the obvious advantages of moving online, bookkeeping, completing tax returns (e.g. VAT, Corporation Tax or Self-Assessment) and submitting your accounts can still be pretty time consuming. For a small business with big ambitions and limited resources, that time can often be spent far more effectively.
Why choose Phil Owen & Co.?
Thankfully, Phil Owen & Co. are on hand to take the whole process off your hands. With significant experience of the vast majority of accounting packages, we can record your income and expenditure, preparing your tax returns and your annual accounts, ensuring they’re filed accurately and in plenty of time.
For those looking to take a more hands on approach with their accounts, we even offer training in the use of Sage, our preferred accounting platform.
Whatever the size or nature of your business, we can help. We even provide a free consultation. Visit us at our Liverpool HQ or we’ll come to you. Simply get in touch with our team today.