Accountancy & Bookkeeping

Whether you’re in the beginning phase of a business venture or fully established and feel the need to outsource your accountancy and book keeping load, then Louis and Hills is the right company for you. Our services include the following points.

Bookkeeping 

This is the process where everyday transactions are reconciled to reflect the accurate position of the company on (monthly/quarterly) interval basis.

Management Accountant

This is a detailed analysis of book keeping, the information derived from this allows you to make appropriate decisions by utilising this service.

Compliance

In order to ascertain that your accounts are filed accurately, it is paramount to have a process for recording and verifying different requirements and liabilities. This process of ensuring all the boxes are ticked in terms of the rules is what’s referred to as compliance

Company Accounts & CT600

Limited companies have to submit a yearly financial statement to present their financial position as well as income and expenses towards Companies House and HMRC respectively. If deadlines for this yearly submissions are not met, the company incurs costly fines and penalties from both the institutions mentioned.

VAT returns

Every registered business including Limited Companies and Sole Traders have to register for VAT if they meet the threshold of receiving an annual revenue of £85,000. This comes with extra burden of responsibilities of which can cost the business unnecessary fines. The VAT compliances are prepared and submitted on different intervals (Monthly, Quarterly and Annually) depending on your appropriate scheme.

Company secretarial services

This service comprises of business administrative structure on a board level such as ensuring legal compliance are met in line with Companies House policies.

Frequently Asked Questions

Some commonly asked questions about bookkeeping.

In a sentence, bookkeeping is what’s referred to as the systematic recording of a business’ financial transactions.

Absolutely. In fact, not only does it help you save money, but also precious time. This is especially true if you’re struggling with staying on top of your books and records alongside growing and maintaining your business, as a businessowner. 

Records naturally remain up-to-date when  regular and consistent, good quality bookkeeping is implemented and practiced.

Yes. Generally, the advantages that come with bookkeeping facilitate a reduced amount of worrying, as all your records are updated. Thereby, giving you the ability to focus on the business.