BBL Accounting

Our accountancy services also include preparation of accounts for sole traders, partnerships and LLPS.

Income Tax is a tax you pay on your income e.g. employment, dividend, benefits you get from the job etc. Self Assessment is a system HM Revenue and Customs (HMRC) uses to collect Income Tax. Tax is usually deducted automatically from wages, pensions and savings. People and businesses with other income must report it in a tax return.

VAT-registered businesses must charge VAT on their goods or services, and may reclaim any VAT they’ve paid on business-related goods or services. You must account for VAT on the full value of what you sell, even if you receive goods or services instead of money (eg if you take something in part-exchange) or haven’t charged any VAT to the customer – whatever price you charge is treated as including VAT.

Not enough time to keep your books up to date? With our bookkeeping services you can ensure accurate professional reporting of your business. We can prepare the following for you Cash Book Bank reconciliation: Sales Ledger, Purchase Ledger, Nominal Ledger, Fixed Assets Register, VAT Returns. Whether you require monthly, quarterly or annual management accounts, we can provide fast, accurate reporting.

We can provide you with expert tax advice and assess how tax efficient your business structure is – relieving you of any administrative burden of complying with tax legislation. We will send you regular emails so you know what you and what is yours to spend. We will discuss with you whether you want weekly or monthly updates.