Bookkeeping & VAT
Once trading has commenced either as a sole trader/partnership or limited liability company, the unsuspecting newcomer to the world of their own business is faced with the necessity to keep proper books and records. These are a statutory requirement for both company and income tax law.
We can advise on a suitable bookkeeping system which today will usually be computer based, but the old hand written books are perfectly acceptable. These will be required firstly for Value Added Tax Returns if registered, as these are due on a quarterly basis. Secondly they will be required for the preparation of annual accounts in order to comply with company filing and taxation.
We at Connelly & Co. can assist in all these areas, either a complete record keeping service or help with Value Added Tax Returns. The choice is up to the client.
