Accounting / Bookkeeping & VAT
Outsource your bookkeeping & VAT for better business results
Save time and reduce stress by outsourcing your essential accounting tasks to our team of experts. Our cost-effective services are designed to align with your workload and budget, allowing you to focus on what you do best.
Working in partnership with the likes of Xero to manage your core accounting and Dext to scan in receipts, we provide you access to market-leading cloud-based accounting software. This allows you to see your real-time business finances from anywhere at any time, with any internet-connected device.
We are also partnered with the major other accountancy software providers, including Sage, Quickbooks and Freeagent.
By entrusting your accounting admin to our experts, you can avoid costly errors.
Bookkeeping is one of the most time-consuming areas for small business owners. We experience that some will be working all day, to then come home at night to finish off their paperwork. Gone are those days and we can help you dramatically cut down on your admin time.
No matter the size of your business, we are here to help you make the best decisions for you and your company.
Bookkeeping
Our team makes use of the latest cloud-based accounting systems to handle your regular bookkeeping tasks efficiently and accurately.
This gives you better quality financial information from which to make important decisions for your business.
VAT
Keeping track of your VAT is crucial for the financial health of your business.
Our experienced professionals provide expert guidance and support for completing your VAT returns in a timely manner well ahead of your VAT deadline, as well as addressing any complex business concerns that may arise.
Frequently asked questions…
Bookkeeping is the systematic recording, organising and tracking of financial transactions within a business. It is crucial for maintaining accurate financial records, ensuring compliance with tax regulations, and providing insights into your business’s financial health.
This would typically involve scanning your receipts via software into your accounting software and then matching this against your business account. We will work out with you how often you need this service and what is best for you and your business.
At GLX, we will record your transactions on accounting software either on a daily, weekly or monthly basis to ensure we are keeping your figures up to date.
Professional bookkeeping services help streamline your financial processes, reduce errors and provide timely and accurate financial reports. This allows you to make informed decisions, stay compliant with tax laws and focus on growing your business.
Outsourcing your bookkeeping allows you to focus on your business and not have to worry or dread coming back home after a long day to struggle through with your numbers. You can continue to grow your business and focus your time on what you are good at, whilst knowing your numbers are accurately prepared behind the scenes.
As of 1 April 2024, businesses that have sales of over £90,000 are required to register for VAT. This is measured over a rolling 12 months, so it is important to track your sales to see when this threshold is breached. Once you are over this threshold, you are required to register within 30 days.
You are eligible to register voluntarily for VAT however based on any level of sales.
Certain businesses are unable to register for VAT as they make VAT ‘exempt’ sales, such as a residential property business that lets out its properties to tenants.
VAT services can help your business comply with tax regulations and mitigate any penalties for non-submission, ensure accurate VAT reporting and optimise your VAT position.
This includes identifying eligible input tax on your business expenses which you can claim back and managing VAT returns efficiently.
Do you have more questions?
“GLX’s experience and financial savvy has proved invaluable to our company. ”
“From day one they assimilated the workings of our industry and the financial requirements that needed addressing.”
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Let’s talk!
Our team of expert specialists are here and ready to help you take your business accounting to the next level.