Taylor Accounting & Financial Management

If you are one of the UK’s many businesses which has opted to trade as a ‘sole trader’, choosing the correct bookkeeping service could be one of the most critical decisions you make. As a sole trader you have an unlimited financial liability. For this reason alone it is vital for you to choose a bookkeeping service provider who is experienced with tackling the specific challenges sole traders face.

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Ensuring compliance on all fronts

At TA&FM we have set up a bookkeeping service aimed specifically at meeting the needs of our sole trader clients. Our bookkeeping service makes sure you are correctly registered with HMRC as self-employed. We will also try to make sure you take advantage of any benefits and reliefs available to you.  We will work with you to develop a simple system to efficiently collect your receipts and invoices. Making sure you keep records for all your tax-deductible expenditure is essential if you are to minimise you tax liability for the year.

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Finally, a service letting you concentrate on what you do best!

Taylor Accounting & Financial Management understands self-employed people do not possess the time to attend to the figures all day long. Our service may mean you can spend your valuable time on core business activities instead.

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What our services include

Our services include the below list of tasks:

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• Prepare and process sales invoices

• Post and allocate sales receipts

• Credit control and debt chasing

• Process, code and post supplier invoices

• Post and allocate supplier direct debit payments

• Production of cheques in accordance with credit terms

• Post and allocate supplier cheques

• Analyse and post petty cash payments

• Payroll / CIS journal entries

• Depreciation journals

• Interest journals

• Accruals and prepayments

• Bank reconciliations

• Calculation and submission of VAT returns