Plymouth Business Services

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Digital Bookkeeping Services

Bookkeeping

Certified on the latest online software, we are able to provide flexible and affordable bookkeeping support for small and medium sized businesses.

Making Tax Digital

We prepare clients for MTD by matching the right software to their individual needs and potential future requirements, get them set up and bring in any historical data.

Training & Support

When moving clients to a new software, we offer training for business owners and their staff on the new systems and provide ongoing support regular or ad-hoc support as required.

Integrations

We are familiar with a large number of apps and integrations that work with cloud accounting packages and help to improve efficiencies and accuracy within the data.

Who can we help?

We have a wide range of clients from sole traders through to large businesses and charities.
No matter what stage your business is in, be it planning, start-up, growing or established, we have a solution to help you.

Self Employed

We have worked with a lot of sole traders, helping them to establish their business, set up new systems and provide tailored training and ongoing support.

Small and Medium

Most SMEs we have worked with are in the process of growing and have taken advantage of our ongoing bookkeeping services so they can focus their attention on growth.

Large Businesses

The larger businesses we work with usually require training and ongoing support for their in-house staff, as well as systems support and app integration advice.

Charities

We work with a small number of local charities to provide the necessary bookkeeping and specialist reporting that is often required for their grants and funding.

What is Cloud Accounting?

You may have heard talk about cloud accounting, digital bookkeeping or MTD ready software but what does it all mean?

What is the Cloud?

First of all, let’s explain the cloud – the cloud is where your data is stored. Gone are the days of having all of your data saved on one computer. These days your information is saved on web servers that can be accessed from anywhere in the world. So long as you have internet access you can view, edit and save your data from any device in any location. This is great for business owners who are always on the go or abroad travelling.

Not only that but you can give access to others whether that be in the form of delegating to your staff or providing your accountant with access so they can help you throughout the year rather than only having input at the year end.

From a security point of view, all of the software we work with is GDPR compliant and most have bank level security so in reality it is generally more secure than a laptop that could be stolen or manual records that could be lost in a fire for example.

What is Making Tax Digital?

From 1 April 2019 HM Revenue and Customs is starting to roll out “Making Tax Digital (MTD)” which insists that all information is submitted to them via a digital link known as an API.

The initial phase of the roll out only applies to businesses who are VAT registered and above the VAT threshold. In effect it means that you would no-longer be able to log into the Government Gateway to submit your VAT returns. Instead they will need to be submitted via software that has been approved by HMRC. A list of these software can be found HERE.

Manual records and old software such as Sage Desktop (pre v25) and Excel will no longer be accepted by HMRC under the new MTD rules. Bridging software can be used to convert excel records into the correct format to send to HMRC however, we have found that all of our clients have embraced the change to “MTD Ready” software thanks to it’s many benefits.

What are the benefits of cloud accounting?

There are many great benefits including; ease of access, automation, accuracy and tailored reporting not to mention the many apps that can be integrated.

The app market places are growing on a daily basis and consist of data capture, automated processing, payment channels, expenses, payroll, eCommerce and many many more. You can read about the main software we work with HERE and find out more about other apps that may help your business run smoothly for Xero at apps.xero.com and for QuickBooks Online at quickbooks.co.uk/apps

In a nutshell, cloud accounting, digital bookkeeping and MTD ready software all refer to you maintaining your records on software approved by HMRC. This doesn’t have to be a compliance burden – It can help to grow your business, ensuring the smooth running, accurate recording of data and up to date reporting.

Amazing Support!

"I was struggling to find the time to sort out my paperwork and so Claire got it in order and drafted all of my templates for me.
She took away all of the pressure and did a fantastic job would highly recommend Claire. – Thanks!"
A Canine Design