Making Tax Digital (MTD) and How ob体育首页下载安装 Can Help You Digitalise with the Modern UK Tax System

Making Tax Digital (MTD) and How ob体育首页下载安装 Can Help You Digitalise with the Modern UK Tax System

Making Tax Digital (MTD) is one of the most revolutionary and transformational moves by the UK government to make it a lot simpler for businesses and individuals to get their tax right and keep on top of their affairs. With the introduction of the Making Tax Digital (MTD), the HMRC department aims to become one of the most tech-savvy tax administrations across the globe. MTD is designed to make basic changes in the way the tax system works – transforming tax administration so that it is:

  • more effective
  • more efficient
  • easier for taxpayers to get their tax right

MTD will totally change the way in which all individuals and businesses report their financial details to the HMRC. With the MTD reform changing the way in which we all report our financial details, it’s time for all the businesses and individuals (earning above VAT threshold) to be stay prepared for it.

Every individual can now access their Personal Tax Account: You can now have access to your Personal Tax Account online at https://www.gov.uk/personal-tax-account . This Personal Tax Account gives you an up-to-date picture of your tax position in much the same way as online banking does for personal finances.

How ob体育首页下载安装 Can Help You Digitalise With MTD

Since April 2019, individuals and businesses with the turnover above the VAT threshold are asked to maintain their financial records digitally, and file their VAT returns to HMRC via Making Tax Digital ready software. Which means, instead of maintaining your financial records on paper, you have to use MTD compatible software. If you are unsure, whether your business needs to comply with MTD, then contact ob体育首页下载安装 for help.

If you are already maintaining your financial records in a software, then you need to make sure your accounting software is compatible to MTD or not.  This is because, under MTD, some businesses and landlords are required to keep digital accounting records. Spreadsheets are also accepted as digital records for MTD purposes, but they will need to be uploaded to appropriate software. If you have any confusion about which accounting software to use, then the team of accountants can help you find an MTD compatible accounting software for your business needs.

If you are one of the highly occupied entrepreneurs or a business owner not having enough time to keep your business records manually or over the accounting software, then ob体育首页下载安装 can assist you with everything related to MTD and VAT return filing. We will provide bookkeeping services and make the quarterly returns on your behalf.

Contact ob体育首页下载安装 for Advice, Help and Support

If you have any have any questions or queries related to MTD or how to file VAT return under MTD, then we are available to assist you in ensuring your tax summary is correct and you’re not over – or underpaying – tax. We are London based accounting firm with more than 40 years of experience, and you can contact us via email at info@affinityassociates.com or dial +44-020-8903-2077 for immediate assistance or a free consultation. You can also visit our official website to know more about our services at https://www.affinityassociates.com .

Here are 5 Ways Accountants at ob体育首页下载安装 Can Help You Save More

Here are 5 Ways Accountants at ob体育首页下载安装 Can Help You Save More

Most small and medium-sized businesses in London and across the UK tend to manage their finances on their own, but if you decide to hire an accountant from a reputed accounting firm like ob体育首页下载安装, you will find you save your business money in the long run.

Apart from the routine accounting and bookkeeping tasks, the accountants can assist you in plenty of other tasks. The team of accountants in London at ob体育首页下载安装 are highly trained and dynamic enough to deploy cutting-edge technology to increase an owner’s sight of their business and to push growth, from start-ups to established businesses.

With the advice and insight provided by the accountants, your business will be well on its way, unlocking its true potential.

Professional Tax Advice : For most small and medium-sized businesses, tax regulations are a dense maze, and it becomes extremely difficult for them to cope up with all of them at the same time. They cannot abreast all the changes to the tax laws, especially when their tax position changes based on the structure of their business – self-employed, limited company, or otherwise.

But, when you hire an expert London-based accountant, you don’t have to worry about the tax laws anymore. All the credit goes to their expert knowledge on a range of tax planning options. The tax accountants at ob体育首页下载安装 can help you make the most of each tax year and advise on the most tax-efficient plan your business.

Moreover, the team of accountants at ob体育首页下载安装 can also save your business money simply by keeping on top of tax deadlines.

Cash Flow Management and Financial Forecasting : Check on unnecessary expenses and good bookkeeping services can help with cash flow in your business. In business, “Cash is King” because it is the lifeblood of any business – especially for start-ups, small and medium-sized enterprises. Therefore, it is extremely crucial to keep an eye on your cash flow and predicts the accurate cash flow to ensure the business has enough to survive.

This is where experienced accountants come in. Our team of accountants in London at ob体育首页下载安装 can get you a rolling forecast of your current cash flow, allowing you to stay up-to-date with your existing cash position. A close watch on your cash position means that you will have a chance to sort out many issues before they become serious.

Offering You a Free Time for Your Business : Being a small business owner, you know better how precious every hour is for you, and an accountant can save your business money by saving your time. By taking care of your books and staying on top of your tax deadlines, an accountant can offer you free time that you can invest in client relationships and the work you originally set out to do.

Talk to our experienced accountants in London today and see how they can take your business to the next level. For a free consultation, contact us at https://www.affinityassociates.com OR email at mukund.amin@affinityassociates.com

Payroll Services for Small Businesses in London: Here’s How Affinity Can Help

Payroll Services for Small Businesses in London: Here’s How Affinity Can Help

Payroll is the real challenge for almost all the small and medium-sized businesses across the United Kingdom. This is because, it becomes tough for them to juggle between the productive business activities and payroll tasks, as both of them are equally important for the prosperity of your business. Having fewer employees doesn’t reduce the load on business owners, because the complication and time-required remains almost unchanged. Moreover, ever-changing payroll legislation in the UK adds fuel to the fire, making the situation unbearable for the business owners.

If you are a small or medium-sized business in London or across the UK and want to get pass on your payroll tasks to experienced payroll professionals, then the help is here so that you can focus on what’s good and fruitful for your business. ob体育首页下载安装, one of the leading accounting firms in London, is offering budget-friendly payroll services. When you choose to outsource your payroll to ob体育首页下载安装, you can rest assured that your payroll is in safe hands.

With more than 40 years of experience, we take pride in ourselves in offering the highly professional payroll services to businesses in London and also across the UK. Regardless of the size of your business, when you decide to hire payroll experts from ob体育首页下载安装, you know you’ll be getting the best payroll services in the industry by the people who understands your business and speaks your language.

Here’s How ob体育首页下载安装 Can Help Your Small Business

With the team of the most dedicated payroll experts in London, we are here to help you manage the day-to-day running of your payroll preparation and compliance. Our payroll services for businesses includes:

  • Complete Payroll Services : Being an experienced player, we can easily manage the complete process for you and keep you posted with a daily, weekly and monthly report. We can also process end of year returns, including delivering P14’s and P60’s.


  • PAYE Registration and Administration : We will strictly observe, calculate and deduct your employee income tax payments, national insurance contributions, and other payments that need to be deducted from their salary. We can also deliver individual payslips once they become available.


  • One-Off Payroll Exercises : When it comes to one-off payroll exercise such as commission, bonuses, overtime payments, etc. we are highly experienced in handling those tasks on your behalf and offer you with the year-end reconciliations and summers and analysis of staff costs.


  • TRONC Scheme Management for Hotels, Bars and Restaurants : Our payroll experts in London possess expertise in managing payroll for almost every industry, including hotels, bars and restaurants. We can help you manage your TRONC scheme to make sure that tips and/or service charges are distributed evenly between your employees in a tax-efficient manner and on-time.


  • Complete Payroll Services for Overseas Organisations : With our payroll services, we can also help overseas organisations who wants to start a business in the UK. We can help you in setting up and managing your employee payroll.

To know more about our Payroll Services for Small Businesses in London and across the UK, please visit our official website https://www.affinityassociates.com .

Contact ob体育首页下载安装

If you have any questions or queries about our payroll services and how it can benefit your small business in London and across the United Kingdom, then feel free to contact us. We offer a free, no-obligation consultation to help you understand our payroll services work. Please dial +44-020-8903-2077 or email us your payroll requirements at mukund.amin@affinityassociates.com

Small Business Bookkeeping Services in London, Wembley and Harrow

Small Business Bookkeeping Services in London, Wembley and Harrow

Professional accounting and bookkeeping in small business allow the business owners to record, evaluate and interpret the required financial information to make an informed business decision. And these are the reasons, why accounting records have to be clear and accurate so that business can keep track of its operations. Moreover, it gives a snapshot of the sales and expenses of a business for a given period.

If you are a small business in London, Harrow or Wembley, and are in search of highly professional bookkeeping services, then ob体育首页下载安装 is worth considering. With more than 30 years of industry experience, Affinity is esteemed for offering the fast, accurate and affordable bookkeeping services to small and medium-sized businesses in London and other nearby areas.

Why ob体育首页下载安装 for Small Business Bookkeeping?

At ob体育首页下载安装, we have the team of qualified and experienced accountants that are experts in small business accounting such as accounts payables, accounts receivables, bank reconciliations, payroll processing and more. Our certified practising accountants and experienced tax experts in London understand what it takes to stay competitive and profitable in the stance of highly fierce business environment of today. You can count on our team of accountants as your principal accounting provider.

Our team of small business accountants and bookkeepers in London possesses an intense dedication towards impeccable customer service. We hold high customer satisfaction and retention rate than any other accounting service providers in London and nearby areas.

At ob体育首页下载安装, we always strive to offer the best possible accounting and bookkeeping services to small business owners. We not only assist our clients with the annual tax returns, but we also help them throughout the year with professional accounting services that lets them focus on the core business activities.

Hire Experienced Bookkeepers

The bookkeeper whom you hire will have unmatched ability and experience to manage your books effectively. Along with their experience and ability to manage your books professionally, they also have the immense understanding of the changing rules and trends in the industry to help you stay ahead than others.

Our Bookkeeping Services for Small Business

Here at ob体育首页下载安装, we offer bookkeeping services in London specifically tailored to meet the needs of small business owners. We value our clients and treat them much more than just a customer.

If you are a small business owner, and need a bookkeeper or an accountant in London or any nearby areas to file your tax returns or any other finance related services, you can count on our 30 years of industry experience. We will me more than happy to help you with our bookkeeping and accounting services. For a free consultation, please call / email us on +44-020-8903-2077 /  Mukund Amin or schedule an appointment online at http://bit.ly/2IJKULg .

Why Finding the Right Accountant is So Important For Your Small Business in London, UK

Why Finding the Right Accountant is So Important For Your Small Business in London, UK


How much do you know about accountants for small businesses in London? If you are a small business owner in London, and you don’t know why it is necessary to include an experienced accountant or a bookkeeper in your team, then it is the time when you need to seriously take a hard look at why you should. It’s not all about daily bookkeeping and taxes, but an experienced accountant can help you start, grow and keep your business thriving through the years. Let’s take a look at how they benefit your business at every stage.

Accountants During Start-up

So, you are planning to start your own business. What can go wrong? Every year, millions of people across the globe dream to become a successful entrepreneur but very few succeeded. The only difference between the successful start-ups and the one that fails just out of the gate is good advice and guidance. When you hire an accountant at the same time you’re setting up your company, chances are good you’ll get off on the right foot. An experienced accountant can;

  • Help with the financial planning and creating a financial outlook to help with funding and loans
  • Offer you the advice and guidance when summarizing a business model and plan
  • Advise on business setup and structure
  • Assistance with obtaining business licenses
  • Early set up of expense tracking and bookkeeping basics

Accountants and Day-to-Day Operations

Accountants are not only for big companies to take care of tasks like financial planning, tax filing and budget creation. They are very much useful to start-ups, small and medium-sized businesses. It is incredibly rewarding to have one in your team for the daily operation of your business. An experienced bookkeeper will ensure that all your books are maintained up-to-date and recorded properly, while an accountant can work with your bookkeeper to make sense of all of that financial information. Moreover, here’s are some more tasks they can manage, and they are;

  • Month-end accounting
  • Financial statements
  • Ensure compliance with government regulations
  • Oversee and manage payroll for your employees and contractors
  • Find cost savings when working with vendors and suppliers
  • Manage tax preparation year-round, not just at tax time
  • Create financial reports and summaries
  • Assist with budget creation and management
  • Contract oversight and administration
  • Asset and inventory tracking

Accountants When Business Is Flourishing

With a lot of hard work and a little push from the luck, finally, your business gets off the ground quickly and starts to flourish. Along with sweat and good fortune, the growth of your company depends on many other factors as well. You need some truly dependable individuals behind you who can help you steer the situations in the right directions.

It’s your business; hence, you are undoubtedly the expert when it comes to your product or service, however, you might not be an expert when it comes to the services a good accountant can provide. For instance, they can help in many ways such as;

  1. Perform cash flow analysis to help with decisions regarding growth
  2. Create reliable financial forecasting to help guide those decisions
  3. Guide you to manage growth responsibly and plan accordingly
  4. Recognize possible opportunities you can take advantage of
  5. Help make appropriate and well-informed choices when investing in equipment, inventory, and overhead
  6. Help you with industry pricing to keep you profitable and competitive

You can try, but wearing all the hats at a time is not possible and not in favour of your business. Having a professional advice is always beneficial for your business, especially when it is in the initial stage. An accountant can help you with all the start-up decisions along with paperwork. Moreover, they can also keep the things humming along during your daily operations. Most importantly, during the lulls of business, an accountant can help keep you afloat by keeping finances under control, helping manage expenses, and negotiate interest rates that can help get you through the hard times.

Meet the Best Accountants in London only at ob体育首页下载安装

If you are in search of an experienced, professional and dependable accountant in London who can stand by you 24*7, then you are at the right place. At ob体育首页下载安装, we have the accountants who can fit any business domain and any budget.

To find the right accountant for your business, look no further than ob体育首页下载安装. For a free quote and consultation, get in touch with our experts in London today at +44 020 8903 2077 or schedule an online appointment at https://www.affinityassociates.com/contact-us/ .

Here’s Why Outsourced Bookkeeping Services is a Long-Term Solution

Here’s Why Outsourced Bookkeeping Services is a Long-Term Solution

Most small business owners across the world start doing everything themselves – marketing, sales, IT, HR and sometime keeping their own books. As they keep stretching themselves beyond the limit, as many responsibilities as they can in an attempt to keep up.

If you are planning of starting a small business, you can learn from this common mistake. When you start your business, it is necessary that you identify what your core business activities and which activities can be offloaded. To be a successful entrepreneur, it’s vital that you take advantage of all the cost-effective expertise that’s offered in the market today – like outsourced bookkeeping services. This is because, the DIY, learn-as-you-go approach to things like bookkeeping can result in costly, easily avoidable mistakes.

From Recording Transactions to Financial Reporting and Forecasting

In easy to understand words – a bookkeeper is an individual in the company who records a company’s financial transactions at a fixed interval of the time – in most cases, day-by-day. It seems to be an easy-going task, but managing the company’s financial reporting (accurately) can be a time-consuming and complicated, depending on the nature of the business.

Many smart entrepreneurs instantly realize that tracking all the cash flow that’s coming into and going out on a daily basis, and reconciling those amounts at weekly, monthly, quarterly and yearly intervals — demands more time and attention than they can actually spare. This is the reason why plenty of businesses are opting for outsourced bookkeeping services. The outsourced bookkeeping service providers leverage technology to ease the business owner’s workload as well as provide improved financial reporting and forecasting.

Working with Your Accountant for an Efficient Process

One more reason to go for outsourced bookkeeping services in London is that it cuts the stress at tax time by smoothing out the handoff to your accountant. The math behind this is quite simple – in order to prepare tax returns, your accountants require accurate and systematic records — the kind that an outsourced bookkeeping service can offer. If you think you’re saving money by having your office manager handle the books, wait until you get the bill from your accountant at tax time, after he or she has spent hours — with the meter running — sorting out your office manager’s work. Additionally, if you don’t have an inhouse accountant, these outsourced bookkeeping service providers have a strong network of accountants as well.

Gaining Real-Time Financial Insight

An extra reward of using an outsourced bookkeeping services in London is that you can start tracking your Key performance Indicators (KPI). That’s a great way for an entrepreneur to gain new insights into their company’s financial situation.

Based on their expertise and years of industry presence, these outsourcing firms can make tax laws work in your favor and advice you on improving your profit margins.

To conclude, outsourced bookkeeping services not only saves you time and money, but also provide a level of service and professionalism far beyond what you could attain by doing everything yourself.

To know more about how outsourced bookkeeping services can benefit your business in long run, please contact ob体育首页下载安装 at https://www.affinityassociates.com .

Reasons Why Small and Mid-Sized Businesses in London Should Consider Payroll Outsourcing Services

Reasons Why Small and Mid-Sized Businesses in London Should Consider Payroll Outsourcing Services

Small and mid-sized businesses in London often find it difficult to manage payroll accounting. In most cases, they have to keep aside some of the most important business works just to complete payroll accounting so that they can pay their employees on-time and accurately. Just like other small businesses and rising entrepreneurs in the UK, if you too feel that payroll accounting is not letting you to focus on the core business activities, then Payroll Outsourcing Services is the solution you have. Here are some of the top reasons, why you should consider payroll outsourcing services in London for your small business; and they are;

  • Offer You Free Time : Keeping yourself occupied in payroll accounting may not result in the growth of your business. Instead, it is advisable for you to forward the task to the experts and invest that time in focusing on the core activities that can lead to the growth of your business. Work on a new business plan, meet new prospects and focus on the streamlining your business processes.
  • Accurate Payroll Services : As your small business is in the growing stage, you need to concentrate on many different directions at the same time. In such circumstances, there are chances that you may make some minor mistake in calculating the amount. On the other end, when you hire professional payroll experts in London, you can expect 100% accuracy because it is their profession. And the thing that you cannot afford to get wrong, it’s paying your people the wrong amount. Outsourcing ensures payroll is done right, which can help keep your people onside.
  • Cost Effective Payroll Services : When you are a startup or a small business, it’s usual for you to wear many hats and have a range of roles and duties. Instead of hiring a dedicated resource for a respective role and paying him a part of your fortune, you can go for payroll outsourcing services that are affordable and accurate. You can contact payroll accounting firms like ob体育首页下载安装, and free yourself for other lucrative business activities.

Affordable Payroll Services in London

If you are looking for affordable and accurate payroll services in London , then ob体育首页下载安装 is here to help you with more than 30 years of industry experience. Regardless to the nature of your business, when you consider payroll outsourcing in London, you know you will be working with someone who is thoroughly professional and who understands your business.

To know more about payroll services, schedule a free consultation at https://www.affinityassociates.com/contact-us/ .

Hire Expert Tax Accountants in London to End VAT Troubles for Your Small Business

Hire Expert Tax Accountants in London to End VAT Troubles for Your Small Business

Preparing, accounting, and filing VAT returns is an extremely daunting task, especially for busy business owners who have other important things to take care of, like overseeing day-to-day operations and managing customers among others. However, by engaging tax accountants for small business in London, UK, like the ones at ob体育首页下载安装, business owners will never have to worry about their VAT matters ever!

Tax accountants for small business in London at ob体育首页下载安装 are thoroughly experienced to help you prepare accurate VAT returns, account them precisely in your books, and file them on your behalf to HMRC in a timely manner. In case any queries arise, these expert small business tax accountants will also deal with HMRC on your behalf.

What is VAT?

The value-added tax, or simply VAT, is a form of tax levied on certain goods and services sold by a VAT-registered business in the UK.

Businesses need to register for VAT only if their VAT taxable turnover is in excess of £85,000. The threshold of £85,000 is for the tax year 2018/19, but it may increase by £1000 or so every year.

Even if the turnover is less than the current threshold, small businesses can still voluntarily register for VAT in order to avail certain benefits. Boosting business profile and availing VAT refunds are among several benefits that a small business can achieve by voluntarily registering for VAT.

Once registered for VAT, it becomes compulsory for businesses to prepare and submit VAT returns online, often every three months! In order to pay the VAT bills, businesses must use electronic mediums, such as direct debit, Bacs, debit or corporate credit card. Failing to pay the VAT returns within the due date usually results in surcharges and penalties to the business owner.

There are three different VAT rates in the UK: Standard, Reduced, and Zero. The standard VAT rate is 20%, and it is imposed on most goods and services. The reduced VAT rate is 5%, and it is imposed on certain goods and services, such as children’s car seats, booster seats, and home energy. Finally, there is zero VAT rate, which is imposed on several VAT-taxable goods and services, like children’s clothes and most food products, but it is charged at 0% to the customers.

Expert Assistance for VAT Returns

Looking at above, you can easily see how confusing the VAT matter is. Which VAT rates you should apply to which products and services? How to prepare accurate VAT returns? How to submit VAT returns online to HMRC? How to make VAT payment? How to deal with HMRC in case of queries? How to avail VAT refund? These are just some of the questions that may bother even the savviest business owners. Even if business owners are able to handle VAT preparation and filing, it will prove too bothersome and time-consuming.

In order to free themselves from the troubles of VAT matters, it is sensible for business owners to seek the assistance of professionals. In this case, they are tax accountants.

VAT matters are usual chores for small business tax accountants. They know the ins and outs of VAT and will help you with every VAT matter, ranging from VAT preparation, VAT submission, VAT payment and everything in between. Engaging tax accountants for small business, like at ob体育首页下载安装, will certainly benefit every business owner.

ob体育首页下载安装 is a top small business accountancy firm in London, UK. With some of the most competent accountants and tax accountants for small business, ob体育首页下载安装 provides a range of accountancy services to small business, including bookkeeping services, payroll services, VAT services, personal and corporate taxation services, and financial advisory services among other.

Browse through our site to learn more about our services https://www.affinityassociates.com/ . If you have any questions about our small business accountancy services, feel free to contact us https://www.affinityassociates.com/contact-us/ . We’ll be glad to assist you.

Highly Professional and Best Payroll Services for Small Businesses in London by ob体育首页下载安装

Highly Professional and Best Payroll Services for Small Businesses in London by ob体育首页下载安装

Whether you are a small business or an established one, payroll accounting is one of the most critical aspects of any business. It is one of the most time-consuming and tiring job, but has to be done with 100% precision. Moreover, ever-changing payroll regulations also add fuel to fire, making it more complex for business owners to manage the payroll tasks. Just like plenty of other businesses in London, if payroll management is a hassle or you do not have the right resources, we can help manage the whole function. Yes, you heard that right – We Can Help.

With more than 30 years of industry experience, ob体育首页下载安装 is one of the leading payroll service providers in London and nearby areas such as Harrow and Wembley. We understand that being a business owner and an employer in the UK, you have to operate PAYE (Pay As You Earn) as a part of payroll. PAYE is a system that HM Revenue and Customs (HMRC) uses to collect Income Tax and National Insurance Contributions from the employees’ earnings. Being a small business owner, managing, reporting, and paying HMRC every month is not easy, especially when you are highly occupied with some really productive tasks.

Being one of the most reputed accounting firms in London, at ob体育首页下载安装, we have a team of payroll experts to take care of all your payroll tasks in the most professional way possible. Our 30 years of industry experience makes us capable of helping our clients in almost every vertical. We pride ourselves in providing highly personalized payroll services to businesses of all types and sizes in London and nearby areas such as Harrow and Wembley. Regardless of the nature of your business, when you consider payroll outsourcing in London, the UK to Affinity, you know you will be working with someone who is thoroughly professional and who understands your business.

Here are Some of the Reasons that Sets us Over and Above the Ordinary Payroll Service Providers in London:

ob体育首页下载安装 is one of the top small business Accounting and Consulting Firms in London, UK. We not only take pride in our grand industry experience, but we also hold a flawless reputation for providing seamless payroll services to our clients coming from different parts of the UK. Our staff is highly experienced and possess a proper understanding of the system to offer you the most professional payroll services.

Whether you are a small business and whether you want to partially outsource your payroll or completely outsource your payroll, ob体育首页下载安装 is your best partner. By considering us for payroll outsourcing services, you can benefit in many ways:

  • Increase your payroll efficiency
  • Ensure your payroll remains compliant with the ever-changing legislation
  • Get advice on improvements to your existing payroll systems
  • Free yourself from the hassle of payroll management
  • Protect yourself against employee dissatisfaction

If you need helping hands to take manage your payroll tasks efficiently and professionally, then contact us today at http://bit.ly/2KNh4EM . We offer Free trials, Free consultations, and Free quotes for our services. We’re flexible, approachable, and on your side – here to make your life easier, give you peace of mind, and stop any chance of inaccurate information affecting your business.

4 Signs Your Small Business Needs the Help of an Accounting Firm in London

4 Signs Your Small Business Needs the Help of an Accounting Firm in London

Being a small business owner, are you spending the most of your day running your business instead of expanding it? When it comes to managing the books, you have an option of hiring an in-house bookkeeper to track your financial records or consult an accounting firm like ob体育首页下载安装 that can save time, money and quite frankly, the headache that comes with bookkeeping.

Here are 4 Signs Your Business Needs the Help of an Accounting Firm :

You are Stressed About IRS Audit

When you are managing your books on your own, there are chances that you leave behind some unwanted errors or omissions that would obligate the IRS to investigate further. Doing the books on your own leaves the door open to careless errors or omissions that would obligate the IRS to investigate further. Hiring an accounting firm like ob体育首页下载安装 reduces the potential for IRS audits by ensuring that your financial records are accurate. In the event, if you are summoned for an audit, Affinity makes it easy to validate anything that the IRS may question.

Your in-house Bookkeeper has Let You Down :

Many small businesses in London opt to hire an in-house bookkeeper to manage the books. Sometimes, it seems like a smart strategy, but if your part-time in-house bookkeeper:

  1. Doesn’t keep up with altering tax regulations in the nation?
  2. Goes on vacation for 3 weeks? Or worse case,
  3. Leaves the job entirely?

When you are depending on a single person to manage your books, there are higher chances of facing unwanted consequences for your business. By consulting an accounting firm like ob体育首页下载安装, you gain access to an entire team of professionals who are available whenever you need them to be.

You are Paying Excess of Money :

Along with the risk of entrusting your important financial documents to an individual, there are higher chances that you are paying more. Usually, a full-time bookkeeper cost in £38,000 per year and the cost of a part‐time bookkeeper is roughly half that amount. Whereas, on the other hand, the average ob体育首页下载安装’ client pays quite less depending on which services they choose to utilize with us. That’s a fraction of the cost of having someone in-house who may or may not be meeting your business requirements in the first place.

You Can Take Real-Time Decisions :

Bookkeeping services by accounting firms like ob体育首页下载安装 leverage cloud technology – so you can access your data at any time, from anywhere and on any device. The more accurate and timely your books are – the better tuned you can be with your business. Availability of all the data 24*7 will help you take real‐time decisions based on the financial health of your business.

Contact ob体育首页下载安装 to Know More

If any of the above mentioned points imply on you, then you are definitely in need of professional accounting firms in London. To know more about how professional bookkeeping and accounting services can help your business grow and save more money, please contact us today for a free consultation at https://www.affinityassociates.com .