Small Business Accounting

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We know that time is money for small businesses – and you’ve probably got many other priorities you’d rather be doing than bookkeeping. Like, making your business a success.

From experience, we know how much of a struggle it is to ensure that your business keeps a float and the one things that often sinks many small businesses is the bookkeeping. We don’t believe in leaving anything to the last minute; we think that you should have your Year End Accounts a matter of weeks into your new financial year, not just a couple of weeks before they are due.

That’s where Livingstones Accountants can step in and take off some of the additional pressure. We have team of dedicated bookkeepers and accountants who are experienced in various types of small business accounting software and are used to managing a portfolio of work which requires reporting to various deadlines. Each client has a dedicated accountant who will maintain the records and to ensure you are provided with a professional bookkeeping service.

We utilise small business accounting software to make sure that you spend as little time as possible submitting your VAT return or paying your staff or worrying about auto enrolment.

The Livingstones Personal Touch

Each and every client of ours is given a dedicated accountant who will ensure your company’s accounts are given the care and attention they need. Your dedicated accountant will keep all your records maintained and can take control of your company’s payroll, annual accounts, tax returns and more. Having a personal and professional service means you can always expect your specific accounting needs to be met, and with our record in helping small businesses, we’re well positioned to assist you and your company. So if you’re struggling to keep on top of your company’s accounting, or perhaps you just want to free up a little bit more time to work on other aspects of your company, then please don’t hesitate to get in touch.

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What our clients say

It was not so daunting after all.

Alice Henderson,Landlord

Should you have any questions, please contact our small business accounting specialists on 020 8903 9538 without delay!

Our Small business accounting top tips…

Tax Penalties

As soon as you have set a start date, ensure that you notify HMRC of your intention to commence trading. Self-employed individuals, partnership businesses and limited companies face penalties for failure to notify HMRC that they are liable to tax.

VAT Penalties

Do not represent yourself as registered for VAT if you are not, as this is considered to be fraud. If you do register for VAT submit your returns and pay your dues on time to avoid late filing penalties, interest and surcharges.

Missing Invoices

Always obtain an invoice for any business purchase and a VAT invoice if you are registered for VAT. If you fail to do so, you may find that your claim for tax relief will be denied, as will your VAT reclaim.

Company Car

Whether you are self-employed, a member of a partnership or operating as a limited company, planning for the use of a car in your business needs to be thought through carefully. Self-employed individuals and partners will need to keep a log of business mileage to backup any claim for tax relief. Limited company owners will need to compare whether the cost of using a car owned by the company will be more cost effective than using a privately owned vehicle for business purposes. The tax implications vary considerably depending on many factors, which is why a careful review should always be undertaken in order to minimise any tax charges and maximise any reliefs.

Looking to find out more?

We consistently monitor our clients business to make sure they are on the right track. We want every business to flourish, therefore, you hear from Livingstones Accoutants more than just once a year.

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Reviews and Ratings for Accountant Anuj Shah, London

What our clients say

We have just started using Livingstones Accountants and we can immediately see the difference with the services provided by them and our previous accountants.We ...
David Almans, Almans Consultants
Having used Livingstones Accountants services for over 15 years we have had direct contact with our dedicated accountant.Livingstones Accountants have provided us with invaluable ...
Jimmy Lagos, Arena Restaurant
I had recently received a letter from a local office of HMRC filled with all sorts of jargon and threatening language quoting the Taxes ...
Alice Henderson, Landlord
I had just started working as an electrician and was recommended to Livingstones Accountants. I had previously never worked for myself but Livingstones guided ...
Michael Husmann, Electician