Covid-19 (Coronavirus) Update
Coronavirus is having a huge impact on all sectors of business. Despite this, businesses are still having to manage their books, file VAT returns, run payrolls and most importantly their credit control processes. TFMC is continuing to provide our full range of services through this difficult time. For the latest information and support visit our Blog section or use our app with regular updates sent direct to your phone.
We understand that bookkeeping and VAT returns can be a distraction for businesses, we can take the burden away, allowing you to focus on developing your business. Whether you are a sole trader, in a partnership or are a limited company; we can provide you with bookkeeping services to help you streamline your processes, saving you time and money.
We work with all the market leading bookkeeping and accounting systems, including: Sage, Kashflow, Xero, Clear Books, VT Software, QuickBooks and CounterBooks.
We can prepare your VAT returns from your bookkeeping records and file them online with HMRC (HM Revenue and Customs).
If you are not VAT registered but need to or are not sure if you should we can look at the implications and advise you as to the best scheme to register for and of course help you with the registration process.
You will have the peace of mind that your VAT submission is accurate and will avoid any penalties and fines from HMRC for incorrect accounting. As our client you can be sure that your VAT is being managed properly.
Our Services Include:
- Prepare and process sales invoices
- Post and allocate sales receipts
- Credit control and debt chasing
- Process, code and post supplier invoices
- Post and allocate supplier direct debit payments
- Production of cheques in accordance with credit terms
- Post and allocate supplier cheques and electronic payments
- Analyse and post petty cash payments
- Payroll / CIS journal entries
- Depreciation journals
- Interest journals
- Accruals and prepayments
- Bank reconciliation
- Calculation and submission of VAT returns
- Preparing VAT Inspections
Our team is made up of professional, qualified bookkeepers and accountants who are extremely flexible and very capable of delivering on your requirements.
SOME OF THE AREAS WE COVER INCLUDE:
Our team of professional bookkeepers can take the burden out of your bookkeeping whilst ensuring your records are always up-to-date.
By outsourcing your VAT to us, you gain our knowledge and experience of VAT procedures saving you time and money.
We will send out a reminder when your VAT returns are due. We then double check your returns and submit them to the HMRC.