Experts in

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Income tax is the tax you pay on any form of income (Profit) you earn from your trading business or pay as a contractor/Subcontractor. Income Tax preparation involves setting an individual up on HMRC's website (if you haven’t already done so) and filing the tax returns into the HMRC's website for you, after the relevant tax year ends. 

Self Assessment is a form of income tax preparation for the income you generate if you are self-employed and not a limited company. Self-Assessment preparation involves setting an individual up on HMRC's website (if you haven’t already done so) and filing the Self assessment returns into the HMRC's website for you, after the relevant tax year ends.

VAT or Value Added Tax is a form of tax added to the sale of goods – If you earn more than £85,000 revenue/Sales you will need to be set up to prepare VAT returns most commonly these are filed Quarterly 

Payroll through quickbooks is simple, after setting up an employee on Quickbooks with all of their relevant tax information, then just a few clicks you can send off the information to HMRC and it calculates the amount payable after Tax & National Insurance. You will need to link your quickbooks to HMRC`s website in order to do this. 

Bank reconciliations and Cash flow management are very important in business. If these are not completed, then you could lose track of information and payments/receipts. Bank reconciliations involve matching records from your bank to the online software you are using, making sure all relevant accounting transactions are recorded. Cash Flow Management involves looking at trends of sales and purchases to make an educated guess as to where the business is going. 

Balance sheet reviews are where we will take a look at the balances on your balance sheet and try and tidy up/Make sense to see if there are any anomalies, are your debtors too high, do your customers need chasing for payment. Are your creditors paid and are there items that need writing off etc. 

A Profit and Loss statement refers to the financial statement that summarises the income, expenses and costs to the business for a financial year. These are reviewed to see where spend/income as being generated.

Working with some maintenance clients, CIS is where tax is paid by the customer of the contractor on behalf of the Contractor. Having had at least 5 years’ experience with this area, its very important to keep records of what has been paid in tax. When the self assessment return is processed then this CIS tax paid is within the return and HMRC will reduce the amount of tax to be paid by this amount.

This involves preparing the Profit & loss statements and the balance sheet statements at your year end, Giving you a visual representation of how your business has performed this can be done via an online software or other means if your business hasn’t been set up. 

Sales & Purchases Ledgers are a set of records where individual invoices are kept (in a ledger). Sales ledger includes Invoices to Customers and the payments made by these customers. The Purchase Ledger includes invoices from your suppliers and records of payments made to them. Giving you a total balance on the Balance sheet of all outstanding sales and purchases on the ledger. 

Start ups are brand new businesses. I have project managed some new systems being implemented so working on a start-up will be pretty much the same as transferring to new systems. 

Credit control is where invoices are sent to customers with credit and involves chasing these customers for Payment. The payment isn’t made at point of sale but most commonly terms are 30 days from invoice date when payment is due. The credit control that Harland BookKeeping can provide is contacting your customers to chase for payment which will improve your cash flow. 

Account reconstruction involves creating and removing certain accounts in the ledger/System. This could be because the accounts are not needed or if new categories of accounts are required, then we would set these up or delete them and move transactions from one account to another. Tidying up the ledgers and financial statements.