BOOKKEEPING

Register your business

Register your business

Most businesses register as a sole trader, limited company or partnership.

Sole traders

It’s simpler to set up as a sole trader, but you’re personally responsible for your business’s debts. You also have some accounting responsibilities.

Limited companies

If you form a limited company, its finances are separate from your personal finances, but there are more reporting and management responsibilities.

Some people get help from a professional, for example an accountant, but you can set up a company yourself.

Partnerships

A partnership is the simplest way for 2 or more people to run a business together.

You share responsibility for your business’s debts. You also have accounting responsibilities. Find out more about being in a partnership and how to register.

Bookkeeping

Do you need help?

Book keeping is the recording, on a day-to- day basis, of the financial transactions and information pertaining to a business. It ensures that records of the individual financial transactions are correct, up-to- date and comprehensive. Accuracy is therefore vital to the process.

As your business grows bookkeeping can become very time consuming and an unwelcome intrusion into the time you want to spend doing what you're good at.

ABLE Bookkeeping and Business Services are very experienced and will do your book-keeping in a fraction of the time it takes you. Finding a reliable bookkeeper with a range of experience and knowledge will be a welcome relief and you will very quickly feel confident that everything is under control.

We provide support tailored to your business needs generally carried out from our office. Typically small businesses require between half a day and a one and a half days of accounts support monthly. Outsourcing your bookkeeping is therefore a cost effective solution in the early stages of business growth.

Efficiently kept records will help you to remain in control of your finances and your accounts will be organised and well prepared for your accountant to produce your annual accounts.

PAYROLL

DO YOU WANT PAYROLL SERVICES?

Setting up and running a payroll when you take on your first employee can be a little daunting.

Maintaining the payroll as your business grows can become very involved when you need to deal with SSP, SMP, SPP, SAP and various other additions and deductions.

Outsourcing your payroll is therefore a much simpler and more cost effective solution allowing you to spend time on more productive work in your business.  We provide a payroll only service so you can continue keeping your own accounts and we will provide the payroll and accounts information you need.

We provide payroll services to businesses in Wiltshire, Hampshire, Dorset and Somerset but it doesn't matter where your business is based as our payroll services are provided by telephone, email or post.  We provide payroll services to business with a single employee to 50+ employees.

We are qualified, experienced and award-winning payroll experts who specialise in providing payroll services to small businesses.  We keep up to date with frequently changing payroll related legislation and the requirements of HM Revenue and Customs (HMRC). We ensure that HMRC deadlines are met and deal with any contact from HMRC on your behalf.

Our payroll clients can also receive free HR advice if they have a question that is best answered by an HR professional rather than a payroll professional.  Find out more about the HR Services we offer.

We deal with Auto Enrolment so if you need to get your pension scheme set up or need ongoing help to keep on top of the regulations we can help with this too.  Find out how we can help you with Auto Enrolment.

Value-Added Tax - VAT

What is a 'Value-Added Tax - VAT'

A value-added tax (VAT) is a type of consumption tax that is placed on a product whenever value is added at a stage of production and at the point of retail sale.  The amount of VAT that the user pays is on the cost of the product, less any of the costs of materials used in the product that have already been taxed.

More than 160 countries around the world use value-added taxation; it is most common in the European Union. But it is not without controversy. Advocates say it raises government revenues without punishing success or wealth, as income taxes do; it is also simpler and more standardized than a traditional sales tax, and there are fewer compliance issues. Critics charge that a VAT is essentially a regressive tax that places an increased economic strain on lower-income taxpayers, and also adds bureaucratic burdens for businesses.

We’re here to keep you compliant, so you don’t need to worry

Goodbye sleepless nights

All included

Dealing with HMRC and Companies House can be a big worry for small businesses, and a real distraction from the everyday challenges of running your business. Let us do it for you – all as part of your fixed-price package.

Making tax less taxing

We can take year-end accounts and tax returns off your hands. Our integrated platform puts all your information in one place, making it easy for us to provide full records for Companies House and HMRC. No more searching through piles of files and spreadsheets – we’ll sort it all out for you.

On time, every time

We’ll make sure that your annual accounts and tax returns (including for VAT) are prepared and submitted on time.

Your company secretary

As an additional service, we can also act as your Company Secretary, maintaining your statutory registers, making submissions to Companies House on changes in your company, and providing share certificates and templates for board minutes, for example.

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