by Alison Edward | Feb 17, 2023 | Uncategorised
Increases to minimum wage rates 2023 As we near the end of the tax year it’s important that employers (and employees) are aware of the increases in minimum wage and benefits that come into effect from 1 April 2023. National Minimum Wage (NMW) NMW is the minimum hourly...You spend weekends and evenings catching up on paperwork. You’re owed money by customers but don’t have time to chase payments. It’s a struggle to meet HMRC deadlines. There’s a box crammed with receipts lurking in the corner.
Sound familiar? Then let Simply Balanced Solutions lighten your load.
We can provide you with a cost-effective bookkeeping package, tailored to meet your individual needs. Whether you need help monthly, quarterly, annually or with a one-off tax return – we offer flexible support that will give you back control of your accounts.
• Invoicing
• Purchase invoices
• Expenses
• Credit control
• VAT
• Tax returns
A member of our friendly team will partner with you to get to know you and your business, and be on hand to help whenever you need.
Or if you’d prefer, we can set up a system for you to manage yourself – our goal is to provide a solution that best fits you.
Our QuickBooks and Xero training sessions will help you get to grips with your chosen package.
Flexible to suit your business needs, we deliver our trainings online via Zoom or in person. Either option can be tailored for 1-2-1 or group sessions.
We’ll help you get the most from your accounting software, providing you with support where you need it most.
Our Xero certified and QuickBooks advanced certified advisors can help you:
• Get your QuickBooks or Xero account set up
• Understand your dashboard and how this can help you grow
• Connect your accounting software directly to your business bank account
• Set up your branded invoice and quote templates
• Speed up your bookkeeping
• Run tailored reports that will help you plan for the future
Our group training sessions start from £25 per hour +VAT, and 1-2-1 sessions from £50 per hour +VAT. All training sessions can be tailored to meet your individual needs.
Our bookkeeeping training sessions will help you manage your business finances with confidence. We can deliver your training online via Zoom or in person, and either 1-2-1 or as a group session. All trainings are personalised to meet your individual needs, but a typical session may include:
Learn how to:
• Know which records you need to keep
• Invoice clients
• Submit your VAT return
• Get the most out of QuickBooks or Xero
• Reconcile the bank
• Automate processing of supplier invoices & receipts
• Run reports to help you monitor your cashflow
Learn how to:
• Know which records you need to keep
• Invoice clients
• Claim business expenses
• Work out how much your tax bill is likely to be throughout the year
• Complete your self-assessment tax return
Our group bookkeeping training sessions start from £40 per hour +VAT, and 1-2-1 sessions from £65 per hour +VAT.
Whatever your set up, we understand that running a Limited Company can feel daunting.
And take up a lot of your time.
Simply Balanced Solutions can help free you up to get on with running your business by providing you with a cost-effective, monthly accounts support package.
No stress, no fuss – just smart, simplified bookkeeping you can trust.
Our friendly team of experts will ensure your books are accurate and up-to-date, ready to hand over to your accountant at year end.
• Invoicing
• Purchase invoices
• Expenses
• Credit Control
• VAT
• Payroll
• Bank reconciliation
We’ll build you a monthly support package tailored to meet your individual business needs. And we work on fixed fees to give you complete peace of mind. Absolutely no surprise costs.
CIS applies to businesses of all sizes and includes trades such as plumbers, electricians, plasterers, roofers, carpenters, and more. You may be a contractor or sub-contractor. Or you might even find yourself as both, doubling your record keeping responsibilities as a result.
Knowing where to start or exactly what’s required can be stressful and time-consuming.
Let us make your life easier.
Hand your paperwork over to us and we’ll take care of it. And we’ll make sure you comply with your CIS requirements whether you’re a contractor, sub-contractor or both.
As a contractor, you’re required to verify the status of your sub-contractors to confirm they are self-employed before you pay them and to confirm what rate of deductions you should make from their payments.
Work with us and we can help with:
• Submission of monthly CIS returns
• Sub-contractor verifications with HMRC
• Reclaiming any CIS deductions you have had as a sub-contractor
• Sending sub-contractor payment certificates
• Letting you know how much tax to pay and when and how to pay it
If you’re a sub-contractor, you will have tax deducted from each of your payments as part of the construction industry scheme (CIS).
So, come the 5th April each year, you’ll be keen to get your tax return submitted and see if you are due a refund.
Work with us and we’ll take care of:
• Preparing your accounts
• Preparing and filing your tax return
• Dealing with HMRC on your behalf should there be any queries
All completed for a one-off fixed fee. Absolutely no hidden costs.
We’ll guide you through the paperwork that needs to be submitted with your tax return, and then calculate how much refund (if any) you are due which will be paid directly to you by HMRC.
Smart, simplified bookkeeping you can trust.
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