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Reduction in the Dividend Allowance
It was announced in the Budget that the Dividend Allowance will be reduced from £5,000 to £2,000 from April 2018.Read more >
16 Apr 2017
Making Tax Digital for Business update
Extensive changes to how taxpayers record and report income to HMRC are being introduced under a project entitled Making Tax Digital for Bus...Read more >
15 Apr 2017
Class 4 National insurance u-turn
One of the significant announcements Chancellor Philip Hammond made on Budget Day was the proposed increases to the main rate of Class 4 Nat...Read more >
14 Apr 2017
Beware of SPAM emails claiming to be from HMRC
Prime Accountants Group is advising clients to be extra careful when opening SPAM emails.Read more >
24 Apr 2017
Xero now has over one million subscribers!
At Prime we love Xero and have been fans from the start! It gives us immense satisfaction to see that Xero have now got more than One Millio...Read more >
7 Apr 2017
Pool cars - are you satisfying the five conditions?
Another tax case has been lost by a tax payer due to them failing to satisfy HMRC that a company car was in fact a pool car.Read more >
13 Mar 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 However, incomplete, out of date records contribute to losing sight of cash flow which could easily result in your business failing but could also lead to incorrect tax returns and ultimately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