Bookkeeping & VAT

Bookkeeping is the foundation for strong solid accounting. This is why bookkeeping is one of our core services.

It is fundamental that transactional financial data is taken care of correctly for your business to get key information to function and grow. We are keen to take care of this vital element of your business processes for you, as we believe this is where we can have an important impact.

Having us as your dedicated bookkeeper will take away the hassle and stress of finding the time and headspace to do this yourself. We offer all business clients access to data capture software for free. This ensures you have a quick easy way to upload and store all your expenses in an HMRC compliant system.

Not sure if bookkeeping services are for you?

Do you need help with:
  • Data entry
  • Bank reconciliations
  • Systems and software
  • VAT registration
  • VAT returns
  • Bookkeeping health check
  • Credit Control
  • Debt Control
Do you want to:
  • Keep a track of your finances
  • Know your cash flow position
  • Have an accurate picture of your financial situation
  • Stay on top of your income and expenses
  • Track your debtors and creditors
  • Know your profit at any given time
Help with VAT

If your turnover is approaching the VAT threshold, we will help register you for VAT at the right time using the correct VAT scheme.

Once VAT registered, we can manage your VAT returns to ensure value added tax is claimed, submitted and paid in the correct way and on time. If you are due a refund, we will make sure you get it.

Payroll

We offer payroll services for employers, covering everything from wages NI and tax calculations, payslips, P60s, P45s, PAYE liabilities, payrolling of benefits, pensions, auto enrolment obligations, HMRC liaison.

Tax and Accounts

We prepare year-end accounts for limited companies, partnerships, sole traders and individuals, ensuring completion and submission of financial statements to agreed timescales and deadlines. We take the time to explain areas where you have opportunities to improve and ensure your tax liability is minimised.

We also prepare tax returns accurately and timely, whether it’s business tax, property tax, self-assessment tax or VAT.

We deal with all aspects of tax and tax enquiries, correspondence with HMRC as your agent, tax planning and compliance.

We can help with tax reduction strategies for rental income, what is allowable and what is not, what business structure is best for you, capital gains tax and stamp duty planning and other essential advice

Tax Fee Protection

Recommended service

In collaboration with Solar Protect Insurance Services
Protecting you against the cost of an HMRC enquiry

  • HMRC enquiries are random and can come at any time
  • Enquiries are on the increase as HMRC look to generate more tax to fund the enormous spend through the Covid-19 pandemic
  • Enquiries can be intrusive and drag on for months or longer.
  • Violet Accounting and Solar Protect will represent you and our expertise will help save time and money
  • The cost of dealing with an enquiry will be covered even if no additional tax becomes due (not covered in our usual fees)
  • You will receive the best possible defence
  • You can receive advice on employment law
  • You can access advice on health and safety matters
  • General legal issues advice is also offered
  • You won’t have to concede to HMRC demands because of financial pressure
  • Our Tax Fee Protection Service protects against costs incurred dealing with HMRC

Case of mistaken identity
A husband-and-wife partnership selling and installing double glazing was investigated by HMRC. At a meeting, HMRC alleged the husband had been dishonest.

By the end of a long and detailed enquiry, HMRC repaid £129 of tax t the partnership and apologised, confirming that the allegation of dishonesty was a case of mistaken identity. Accountancy fees were approximately £5,000 and were paid in full by Solar Protect.