Here at Busy Bee Business Solutions, we are lucky enough to work with a wealth of different industries. From creative production companies to businesses operating in the travel industry, we have had exposure to a whole host of different types of companies. One thing we really enjoy about working with such a vast range of different industry sectors and helping them with their bookkeeping is the people we meet. Really getting to know the client and how their business runs on a day to day basis is the grounding for us to really understand the financials. This allows us to provide financial data through our bookkeeping services within a cloud accounting package that is not only valuable, but relevant to their industry.
Many argue ‘do I really need a bookkeeper’ and the answer is yes! Read below to find out why.
Know your businesses financials at the click of a button
Within our bookkeeping services, we offer a variety of packages that can allow you to have a daily, weekly, fortnightly or a monthly up to date report at the end of each month sent directly to your inbox without you having to crunch the numbers. This allows many businesses to focus more of their time and energy in running the company rather than sitting down and dreading completing the bookkeeping. Also, having a bookkeeper to keep the financials up to date and in order in turn inevitably means that there is less work for your accountant to do at your year end meaning saving money in accountancy fees which are likely to be more costly that a bookkeepers ongoing rate. Who doesn’t love to save money?
Stay on top of your VAT
Is that VAT deadline looming? With the help of the VAT centres in cloud accounting packages such as Xero and QuickBooks Online, this allows businesses to log in at any time and have a live report of what their VAT bill is going to be at any point in time. This is not only great for forecasting and budgeting, but it also means that everything is ready to go as soon as the end of the VAT period ends rather than leaving everything to that deadline date that HMRC instil. Of course, everything will be accurate too meaning that the maximum of input and output VAT will be claimed on each return minimising VAT payments and maximising VAT refunds (if this is something your business is lucky to be exposed to!) We can also keep a track to ensure that you are on the most efficient VAT scheme for your business.
Pay your employees on time, every time
Lets face it, payroll can be a bit of a minefield. There are lots of elements to contend with including PAYE, national insurance, pensions, employment allowance and annual leave amongst many other aspects such as maternity and sick pay etc. Why not spend less time reading about the regulations and getting to grips with all things payroll, and pass it on to someone who can run this for you? This will mean that employees get emailed a payslip before their pay date and you are told exactly what to pay them on that date.
So its safe to say that ensuring that a bookkeeper looks after your day to day financials, VAT and payroll will ensure that you have more time to concentrate on what your passionate about – your business. It can also help you save money with accountancy fees, VAT mistakes and scheme as well as payroll discrepancies. When many business owners dream of starting their own company, never do they anticipate the amount of admin and number crunching that needs to take place to ensure that they stay compliant with many areas of HMRC’s guidelines for taxes etc. Let Busy Bee Business Solutions take that stress away from you by giving us a call or email today!
Comments