Company, Partnership, or Sole Trader – all businesses need to produce sets of accounts at least once a year. The taxman insists on this, as otherwise neither he nor you can know how much tax you should pay.
At Martin Bruno, we aim not only to tell the taxman how much you need to pay, but also to give you the information that you need to see how well your business is doing. Timely financial information will reveal something that is not quite right in your business long before the other signals become apparent.
In order to be able to produce accounts and VAT returns, all businesses need to have their account books kept in good order. Many people find this a grind. Martin Bruno will, if you wish, take the strain away from you and do the work for you. This also makes it much easier for us to produce the annual accounts, so there are economies. Alternatively, if you wish to do the bookkeeping yourself, we can recommend a programme designed for non-accountants which is extremely simple to use.
One of the first pieces of bureaucracy that affects many small businesses is when they take on their first employees. Even if with only one, tax law requires you deduct Income Tax and National Insurance from your employees pay and hand it over to HM Revenue and Customs.
The calculations can be quite complicated and the bureaucracy concerning leavers and joiners is full of traps for the unwary. Why not let Martin Bruno take the strain off you, and let us do your weekly or monthly payroll for you?
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