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Bookkeeping and VAT Services in the UK

Expert Bookkeeping and VAT Services to Simplify Your Accounting

At PHS, we provide comprehensive bookkeeping services designed to simplify your financial management. Our dedicated team ensures that your bookkeeping tasks are handled efficiently, allowing you to focus on growing your business.

We take the stress out of managing your finances by offering accurate record-keeping and timely reporting. Whether you're a small business owner or a freelancer, our services help you maintain a clear picture of your financial health.

With our expertise, you can expect reduced errors and compliance with regulations, ensuring peace of mind. Trust PHS to keep your books in order so you can concentrate on what matters most—your business success.

Why should use our bookkeeping and VAT services?

Accurate record-keeping

To give you a comprehensive view of the financial health of your company, our staff makes sure that all of your financial transactions are accurately documented.

Timely reporting

We generate comprehensive financial reports on time, enabling you to make informed decisions and stay on top of your finances.

Compliance with regulations

We keep up-to-date with the latest VAT and bookkeeping regulations, ensuring your business remains compliant and avoids penalties.

Valuable insights

Our experts analyse your financial data to provide valuable insights, helping you identify opportunities for growth and cost savings.

Smart Bookkeeping and VAT Service Advice for Better Business Growth

We provide essential bookkeeping advice to help you manage your finances effectively. First, keep your personal and business expenses separate to maintain clarity. Regularly update your records to avoid last-minute stress during tax season. Use accounting software to streamline your bookkeeping tasks and ensure accuracy. Always track receipts and invoices, as they are crucial for tax deductions. Additionally, consider setting aside a portion of your income for taxes to avoid surprises later.Finally, our team at PHS is here to support you and your business every step of the way.

Personal bookkeeping services

We provide personal bookkeeping services designed to simplify your financial management. Our expert team takes the stress out of tracking your income and expenses, making it easy for you to stay organised. Whether you're a self-employed individual, a freelancer, or someone with multiple income sources, we tailor our services to meet your unique needs.

If you have income from abroad or have lived outside the UK while earning money here, we ensure you remain compliant with tax regulations. Let us handle your personal bookkeeping tasks so you can focus on what matters most—your life and business success!

Accurate bookkeeping tasks

Accurate bookkeeping is essential for the success of any business and at PHS, we prioritise precision in every task we handle. Our dedicated team meticulously tracks all financial transactions, ensuring that every detail is recorded correctly. We categorise expenses and income clearly, providing you with a comprehensive view of your financial health.

We also reconcile accounts regularly to catch any discrepancies early, preventing potential issues down the line. With our accurate bookkeeping services, you can trust that your financial records are up-to-date and compliant with regulations. This accuracy not only helps in making informed business decisions but also simplifies tax preparation. Let us take care of your bookkeeping tasks, so you can focus on growing your business with confidence!

Reach us today.

If you want to take your accounting work to the next level, then reach us today without wasting time.

Frequently asked questions

Our consulting process Bookkeeping is the process of recording and tracking all financial transactions made by a business. This covers all of it, from purchases and sales to invoices and cash.Bookkeepers ensure that these transactions are organised and summarised into reports that reflect the business's financial health.

In the UK, bookkeepers typically offer a range of services, including Recording Transactions: Keeping track of all financial activities. Invoicing: Creating and sending invoices to clients. Payroll Management: Handling employee payments and deductions. Bank Reconciliation: Making sure that business records and bank statements match is known as bank reconciliation. Tax Preparation: Preparing necessary documents for tax submissions. Financial Reporting: Generating reports like profit and loss statements and balance sheets to provide insights into the business's performance.

Bookkeeping involves the day-to-day recording of financial transactions. It focuses on maintaining accurate records and organising financial data. Accounting, on the other hand, involves analysing, summarising, and reporting this financial data. Accountants use the information gathered by bookkeepers to create financial statements and assess a business's overall performance.

Financial Accuracy: It helps maintain accurate records of all transactions, which is crucial for understanding your business's financial position. Tax Compliance: Proper bookkeeping ensures that you have all necessary documentation for tax filings, reducing the risk of errors or audits. Performance Tracking: Regularly updated records allow you to generate reports that help monitor your business's performance over time. Informed Decision-Making: Accurate financial data supports better strategic decisions regarding budgeting, investments, and growth opportunities. .

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PHS Associates Acc & Co is led by a skilled team with expertise in Accounting, Taxation, Payroll, Business consultancy, and Company secretarial services.

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Company number - 08670151