Accounting London

Bookkeeping refers to the documentation of a company’s financial statements including ledgers, profit and loss statement, cash flows statement, etc.  online bookkeeping services London  differs from traditional accounting in that it deals with data entry and creation of invoices whereas accounting deals with business planning, taxes, to aid in the creation of financial statements. A  firm choose to go for online bookkeeping and accounting services for several reasons. Below are few examples of same: A versatile bookkeeper can help your company in fulfilment of tax obligations, and provide financial analysis Online bookkeeping can help in adhering to obligations and avoid compliance issues It reduces the entire toil of maintaining all the records and provides benefits of outsourcing It saves the essential time and money spent to get the work done by your own employees who might lack the expertise in the domain of bookkeeping.   Online Bookkeepi...

To fill a  Self assessment return , a person or business need to register an account with HMRC (HM Revenues and Customs). There are three ways to register: self-employed or a sole trader, not self-employed and registering a partner or partnership. After registering, HMRC will send you activation pin and Unique Tax Reference (UTR) by post and it usually takes more than one week. Using these credentials, a person or a business can fill  Self Assessment Return Online  on HMRC’s website. The deadline for filling these  Self Assessment Return Online  is 31 st  January, after which HMRC can impose a fine of 100 Pound Sterling. Following documents have to be attached to this self assessment Self Assessment Return Online : P60 form: Showing your salary and tax from 6 th  April to 5 th  April of subsequent years. This may include Daily wages, capital wages, director fee etc. P11D form- Mentioning any tax benefits you have received Dividend...