We are experienced at providing accountancy services for small companies, partnerships and sole traders and contractors in Hemel Hempstead and throughout the UK. Through a combination of industry experience and our use of cloud-based software, we can support your business, ensuring that you remain compliant and have up to date information.
Accounts Preparation
For sole traders and partnerships your year end accounts form the basis of your self-assessment return to HMRC. Whilst limited company accounts provide details of directors remuneration including dividends, which need to match those put on their self assessment returns.
No matter how you run your business, having your year end accounts and returns completed promptly and accurately helps to provide a valuable insight into the performance of your business. What’s more, well-prepared accounts allow you to track how your business is performing year on year.
Bookkeeping
Having an experienced bookkeeper can save you both time and money in the long run. Many business owners start out thinking that they can save money by doing everything yourself, however this is not always the case.
An experienced bookkeeper can often save you time, and your business money, by reducing the risk of human error, ensuring that HMRC payments and tax deadlines are not missed. This frees up your time to find more customers.
At Hawthorne Consultancy we can provide you with a range of bookkeeping services including providing access to digital bookkeeping platforms which allow you to keep a real time insight into your business.
VAT returns
At Hawthorne Consultancy, we can prepare your VAT returns either from your own bookkeeping records or, if you would prefer, we can manage your record keeping and returns.
Mistakes on VAT returns can become costly with the penalties for late returns being quite substantial. We therefore ensure that all our VAT returns are completed accurately and submitted on time – every time.
Like other areas of taxation we can act as your agent for tax purposes which allows us to directly correspond with HMRC.
What is the VAT threshold?
The current VAT registration threshold is £85,000. However, there are some instances where you may wish to register voluntarily.If you are a new business, we can help you decide whether you should become VAT registered from the outset. As you continue to grow, we can help review your business to ensure that you do not miss the point at which you become obligated to register.