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News and Useful Information
Good record keeping is essential for all buisnesses to be successful. It is important to keep track of your buisness revenues & expenses so you know what you are able to claim for and it will make life simpler when it is time to complete and submit your tax returns.
Sometimes this can be overwhelming or just not want you want to spend your days doing.
Contact us for a free quote today. We are here to help lighten the load.
Check out this useful video about what records to keep.
I'm sure you have been receiving lots of emails from subscribers in regards to GDPR. This is the biggest data protection change in 20 years. It is important to know your rights in regards to your personal data. As a registered Data Controller for the ICO, Wallace Accountancy ensures the protection of your personal data in line with the new regulations.
For further information please visit www.ico.org.uk
You may have heard the phrase 'Making Tax Digital'. This refers to all self-assessment forms, TAX & VAT returns, and supporting documentation to be digitally submitted to HMRC and Companies House rather than allowing for the usual paper based submissions. This was due to come into force from April 2018, however this had now been postponed due to the 2017 general election. It has now been suggested to come into force from April 2020. Get ahead of the time and make the change today. Tax doesn't have to be taxing!
So many providers, don't know who to choose. Have you heard of Xero, QuickBooks, Sage or another accounting package. Not really sure what they can offer you and your buisness.
We are here to help you understand the world of computerised accounting, so please contact us to discuss the best options for you.
It can be daunting having to think about tax and VAT returns. We at Wallace Accountancy are hear to help. We offer tailored advice to suit your needs and can even take care of your tax and tax returns for you, ensuring your legal requirements are met.
Contact us now to discuss services we are able to offer you to make running your buisness more enjoyable.