Bookkeeping in Essex

FREE VAT Returns to Bookkeeping Clients

Bookkeeping & VAT Returns in Essex

It might not be the most glamorous of tasks, but proper bookkeeping forms the foundation of any successful business. Not only does it allow for accurate tax returns to be filed, but it also gives you the opportunity to cast your eye over your entire financial operation.

Bookkeeping should not be neglected and should ideally be carried out by a qualified professional. At MCL, we’ve got the experience needed to accurately keep your books, regardless of whether you’re a small local business or a huge business with multiple revenue streams.

We can also deal with all your VAT returns, which can be a time-consuming business for those trying to do it by themselves. What’s more, we’ll calculate and submit VAT returns for free for everyone using our bookkeeping services.

As already mentioned, proper bookkeeping is a vital part of any business, but what is it exactly? Well, quite simply, it’s the accurate recording of all financial transactions. Every penny spent and earned needs to be covered, and the best bookkeepers will enable you to account for every bit of money moving in and out of your business.

At MCL Accountants, we work with you to provide the most accurate bookkeeping records possible, allowing you to have a complete overview of your business’s financial situation. We will then use the bookkeeping records to produce a number of reports, including key performance indicators, management accounts and end of year accounts.

Our bookkeeping service also includes the preparation of your VAT returns. We provide completely accurate returns thanks to the high standard of bookkeeping we offer. This removes yet another time-consuming job from your plate, allowing you to focus more on what really matters most – the day-to-day running of your business.

What is Bookkeeping?

Why Work with a Professional Bookkeeper? in Essex?

To some, employing a bookkeeper is just seen as an extra expense. However, working with a bookkeeper should instead be seen as an investment. The better your records, the easier – and cheaper – it will be to complete all required returns. What’s more, accurate books will ensure you pay the correct amount of tax every year, and not a penny more.

Bookkeeping is also incredibly important when it comes to making key decisions about your business. How will your business move forward? What major investments will need to be made? Is hiring more staff a feasible option? All decisions will rest largely on financial implications, and you can review records easily when your books are kept correctly.

Many business owners don’t just have obligations to themselves – they also have obligations towards investors. These investors will almost certainly require regular reports on the financial state of the company, and this information can easily be provided if you keep proper books. Having well-kept books will also be vital should you seek further investors in your business.

The points above are just some of the reasons why working with a professional bookkeeper is advised – there are plenty more, which we’d be happy to explain to anyone contacting us. However, the overall point to take away is this: professional bookkeeping simplifies almost every aspect of your business, from decision making to paying the correct amount of tax.

Anyone using our professional bookkeeping services will also have their VAT returns completed for free. These are usually filed every three months and provide information on VAT you must pay, VAT you can reclaim, and more.

As you can imagine, the process is an important one – get it wrong and you run the risk of paying the wrong amount of VAT, which can not only cause you financial problems, but can cause legal problems as well.

We’re able to complete your VAT returns accurately and on time. The process is a simple one, thanks to one factor: we keep your books in perfect order. This allows us to find all information needed swiftly. If you’d like to find out more about our VAT service, please don’t hesitate to call or email us.

FREE VAT Returns to Bookkeeping Clients

Bookkeeping and VAT Services from the Experts

Bookkeeping really is an exceptionally important aspect of any business in Essex. Get it right and key decisions are made simpler, plus legal obligations are more easily met. However, get it wrong and you’ll have an incorrect picture of your business’ finances, plus you risk paying the wrong amount of tax – something that can lead to significant legal problems.

At MCL, we have the experience and expertise needed to carry out your bookkeeping, leaving you to concentrate on other aspects of your business. We’ll also provide free VAT returns, taking yet another potentially time-consuming job away from you. Why not call or email us today to find out more about the accounting services we offer?

Bookkeeping & VAT Returns FAQs

Do you have a question you’d like answering about bookkeeping or VAT? Or perhaps you want to ask something about the accounting services we provide? If so, check out the FAQs below, which provide answers to some of the most commonly asked questions.
Bookkeepers ensure that all transactions made by the business, both ingoing and outgoing, are recorded correctly. While they can provide advice in some areas, they are not qualified to give advice on topics such as taxation and investments. However, accountants can advise in these areas. What’s more, annual accounts can’t be submitted by bookkeepers. Ideally, a business will employ both a bookkeeper and an accountant to ensure their finances are managed smoothly.
Yes, you can certainly do your own bookkeeping. However, bookkeeping is complex, especially when tax and VAT need to be considered. Therefore, to get the most accurate results, you should use a qualified bookkeeper. Bookkeeping is also time-consuming, and you could be using your time for more important business matters.
The VAT threshold is currently £85,000 per year. If you are making sales worth more than this amount, you should be charging VAT, unless you work in specific industries. You will need to register for VAT before you can charge it. If you’re unsure about any aspect of VAT, please get in touch.
We are based in Southend-on-Sea and currently work with several businesses in the area. We also work alongside businesses that are further afield, including in Brentford, Grays, Basildon, Chelmsford and Colchester. In addition, we also accept clients from Greater London.
The cost of our bookkeeping services depends on many factors, including both the size and complexity of your business. Regardless of the price we quote you, you will receive a free VAT service as part of the agreement.

Get in touch if you need further advice, have any questions about our bookkeeping and VAT return services or would like a FREE consultation

MCL Chartered Accountants