Starting and growing a business can take you into unchartered waters which need navigating. We offer a personalised approach to your unique accounting and bookkeeping challenges.
Bookkeeping for Start-ups
Confused about Sole Trader or Limited?
From the outset, you will need a system in place to keep all your financial records. You will find it’s quite time consuming if you do it all yourself. And you will be very busy fulfilling multiple roles and it can be easy to let your finances and bookkeeping slip.
What financial support can you expect from team4 for your start-up business?
- Preparation of your books
- Cash flow and bank reconciliation
- Balance sheets, Profit & Loss analysis and Reports
- Payroll – P14s, P60s
- Business expenses – what they are and what they are not
- Accounting software
- VAT accounts
- Invoicing and Credit Control (Cash Flow)
- Self Assessment Tax Returns
- Sole Trader or Limited company?
Bookkeeping for Sole Traders
Do you know how much money you are making?
It’s really important to keep up-to-date accounting records for all the income and expenditure of your business and these will need to be done correctly. This will make the process of paying and dealing with taxes much smoother.
As a sole trader you will need to:
- Set up a business bank account
- Keep records of all sales and expenses
- Submit a Self Assessment Tax return
- Pay National Insurance (NICs)
- Register your business
- Pay tax on profits made
- Claim business expenses
- Complete a bank reconciliation
Bookkeeping for Small Businesses
Outsourcing your business accounts has many benefits
You will have your own personal certified bookkeeper to keep your records in order and make sure you stay on the right side of HMRC. That means fewer headaches for you and peace of mind. We’ll also work closely with your accountant.
Why outsource your small business bookkeeping to team4?
- More time
- Cost savings
- Expert help and advice
- Flexibility
- More time to relax
- Risk management and accuracy
- Accounting software that is most suited to your business
Outsourced Bookkeeping & Payroll Services for Accountants
Bookkeepers and Accountants working in harmony for the benefit of clients
team4 works closely with accountants and accountancy firms to manage bookkeeping responsibilities. We’ll work alongside you so that you have the peace of mind that your books are in expert hands.
Why accountants trust team4?
- A team with a wealth of experience
- Accredited by Sage, Xero and QuickBooks software
- A seamless extension to your team
- Flexible team on hand
- Peace of mind
- Just making it easier for you
Bookkeeping for Limited Companies
Making bookkeeping simple for limited companies
team4 will record all of your limited company business transactions including monies coming in and going out, expenses, assets and liabilities. We’ll keep all of your paperwork in order, costs under control and make sure you don’t miss a deadline.
As a limited company you will need to:
- Register with Companies House
- Keep double entry records
- Reconcile bank accounts
- File year end accounts
- Complete a Corporation Tax Return
Limited company bookkeepers in West Sussex and East Sussex
team4 can register your limited company with the relevant tax departments including VAT, Corporation Tax and PAYE. We can also set up and run your payroll so that it complies with the new RTI rules and deal with correspondence with Companies House and HMRC.
Why choose team4 for your limited company bookkeeping?
- Keep you as tax efficient as possible
- You will always stay compliant
- Guidance on how to save money
- Dividend planning advice
- Planning for the future
- Personalised approach