Every business, regardless of size, should have regular book-keeping and management accounts. Although this service is an additional overhead, rest assured that it will be of huge benefit to your business and enable you to make better decisions, and ultimately if you wish to do so, aid the growth your business.
It is not only VAT registered businesses that should choose a book-keeping service, non-VAT registered should consider the option too. The current threshold for registering for VAT is £82k, which is a considerable sum to turnover and not to have regular book-keeping. Use the links opposite to read more. If you are considering registering for VAT but your turnover falls below the threshold, it may still be worth your while registering. Please contact us for more information.
Security is a concern with all businesses so Balancing Act (Cambridge) Ltd has engaged the services of a local based company called SafeBox to securely shred all of its paper waste. They offer a fantastic and reliable service. Use the link below to visit their website.
Sage is our preferred software, it offers great flexibility and is completely compliant with HMRC. Whilst we here at Balancing Act (Cambridge) Ltd use Sage 50 Professional there are simpler alternatives available. Click on the link below to find out more.
So what is the difference between a book-keeper and an accountant?