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Increased limits for knowledge-intensive companies
The government will legislate to encourage more investment in knowledge-intensive companies under the Enterprise Investment Scheme (EIS) and...Read more >
8 Dec 2017
Proposed changes to Entrepreneurs' Relief
The government will consult on how access to ER might be given to those whose holding in their company is reduced below the normal 5% qualif...Read more >
7 Dec 2017
Delay in the abolition of Class 2 NIC
The government has announced that it will introduce legislation, to abolish Class 2 national insurance contributions (NIC) and to make furth...Read more >
7 Dec 2017
The General Data Protection Regulation or GDPR (as it’s commonly known) will be in force for all organisations from 25th May 2018. Thi...Read more >
23 Oct 2017
Solihull Chamber News Column - 24th August 2017
The Chamber’s Quarterly Business Report (QBR) always highlights some interesting information on what is happening in the business worl...Read more >
24 Aug 2017
Solihull Chamber News Column - 10th august 2017
As Brexit becomes a reality, the Chamber of Commerce’s International Hub is stepping up its drive to encourage and help businesses to ...Read more >
10 Aug 2017
Contact Prime Today
Book keeping can be an overwhelming task to discuss your requirements, please contact us for a free initial meeting.Please Email Us >
Good quality records can tell you everything you need to know about your business, such as how much money you are owed and what you owe to suppliers, as well as monitoring your profit. However, incomplete, out of date records contribute to losing sight of cash flow which could easily result in your business failing but could also lead to incorrect tax returns and ultimately a tax enquiry.
By law, all business owners have a responsibility to demonstrate they have taken reasonable care in telling HMRC their tax liability and good book keeping can assist with this. But HMRC has estimated that around 40% of SMEs have a problem with their business record keeping, leading to an underassessment of tax payments and the emergence of Business Record Checks. Will your business records measure up under scrutiny?
Prime Chartered Accountants can take care of all your book keeping and accounting needs through our flexible and reliable outsourcing service, leaving you more time to run your business with full peace of mind. Our expert team has decades of experience in advising SMEs on keeping good records, not only to fulfil statutory requirements but also to provide the information to run their businesses effectively. Our service covers various ways to manage your accounts to suit your business and includes:
- Basic data entry
- Debtor and creditor listings
- Paying suppliers using our BACS bureau
- VAT returns
- Production of regular reports and detailed management accounts information and key statistics
Prime has extensive knowledge of Sage, QuickBooks and many other book keeping packages including the new online offerings such as Xero, so we can help you to determine which method of record keeping is suitable for you.
Call Prime Today - we're here to help
Book keeping can be viewed by some SMEs as an overwhelming task and yet more administration to fit into a busy day. For the sake of your business, don’t put it aside. Call Prime today to help relieve the burden of book keeping.
Coventry - 024 7651 8555 or Solihull - 0121 711 2468