Bookkeeping, VAT and payroll services for small businesses

Bookkeeping and VAT Returns

Having up to date figures helps you feel less stressed so you can make good business decisions. We will work closely with you so that we will feel like part of your team. All paperwork will be up to date and filed away. You can avoid losing your evenings by handing the paperwork over to us.

With cloud based software (Quickbooks, Clearbooks and Xero Accounting) you can keep an eye on the figures with your own log in if you want to.

Back Office and Payroll

Right now you need to turn your attention to your customers!  You can choose to let us help with your back office work, or get us in to help you handle a your latest project.  If you have staff to pay, we can run the wages calculations for you and each employee will get a link to a secure portal - no payslips to print out.  We can run the payroll for you if you are a Director or for your staff if you need to pay your team. So let us know if you need help with wages.

Help With Sales Invoices

If you need help with sending out invoices, BW Bookkeeping will use bookkeeping software to email your invoices to customers and send statements if they don't pay on time. We can make sure the invoices go out looking professional with your logo and all the right details on. We will use a cloud accounting software such as Quickbooks and we can get this set up for you.

Making Tax Digital VAT

Every business with income of £80,000 needs to be aware of VAT. As your turnover gets close to the VAT registration threshold, monitoring becomes important. BW Bookkeeping can help you, talk through what you need to do and help with applying for a VAT registration when the time is right.

For more information about VAT from HMRC : https://www.gov.uk/topic/business-tax/vat

We will submit the VAT return online for our clients. We recommend a cloud based software package such as Quickbooks or Xero for this. For help with VAT please contact us.

Help with Admin

Handing over time consuming paperwork tasks will save you a headache.  Whether you want a filing system set up, to chat about having employees, or a Health and Safety file put together, BW Bookkeeping can help you stay organised. If you are feeling over-loaded, getting admin support can really save you time.

This last month has seen us putting together headed paper for a couple of clients with a template that they can use to write to potential customers.

Business support

If you need a monthly chat about goal setting, the results for the year so far and what to do next BW Bookkeeping offers a monthly advisory service alongside the bookkeeping.  You can receive a management report pack as well as regular discussions to keep you on track.

Some clients like to monitor average weekly sales, others like an estimate of profits every few months.  We will set up reports to show you the numbers you need, so that they are helpful to you. We can talk about your payroll and see if your wages need to be reviewed.

Support Subscription

We are finding some clients are happy to keep doing their own bookkeeping and just want someone on the other end of the phone/email to answer questions.  Whether it is how to work out the double entry for a transaction, or how to get the software to deal with a particular issue, it is helpful to have someone on hand.  For more information about this monthly subscription service please get in touch.

Frequently Asked Questions

What is the difference between an accountant and a bookkeeper? In most cases, an accountant will help you with your year end and tax calculations, whereas a bookkeeper will help you with invoicing, payments and VAT returns during the year.  Bookkeeping is more of a support role.

How much should I put aside for my tax? It is a great idea to put part of the money you get in from customers in a savings account to cover any taxes that become due. How much will depend on your level of income and whether you are VAT registered.  Talk this through with us so that you can start putting money aside as it makes paying the tax a lot less stressful.

Why BW Bookkeeping?

BW Bookkeeping was set up because business owners need a more flexible approach to the book work.  Each business has a different set up and different requirements.  We do not offer a 'one size fits all' approach, we work with a select group of clients meaning we can offer a tailored package.

We are easy to talk to about the challenges facing your business.  It can be really helpful to talk through business issues with someone who understands.