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| There is much more to bookkeeping than data entering your sales and filing some receipts. Keeping your accounts up to date is vital to ensure you have the best understanding and controls in regards to your company's finances and to make sure you continue to trade profitably. You will also need accurate records to deal with any potential inspections from HMRC. |
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Budgets and Forecasts are always included in a company's business plan and allow potential investors or lenders to see what your business will look like in two or three years' time, and are largely the sole piece of information to deciding whether you get a yes or no answer. They can also be extended to show how much extra profit you would make. |
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Value Added Tax is one of the most complex and onerous taxes imposed on small businesses leading to many businesses inadvertently overpay or underpay VAT. Over the last few years there has been growing demands from Customs and Excise and regular changes to policies to how current rules are applied. This has increased the need for returns to be prepared by trained professionals .
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