Accounting, Book Keeping and VAT

Riaz Ahmad & Co Accountants specialise in accounting and financial services for companies in Manchester and the North West of England. With over 30 years of experience in these sectors we feel that we are ideal accounting organisation to meet your business and personal accounting needs.

We provide assistance with:

Accounting

Accounting Services

Riaz Ahmad & Co Accountants provide the following accounting services:

Statutory Accounts Preparation

HMRC requires all businesses to record their business transactions and submit annual reports (accounts) to several government departments and bodies. These tasks involve a lot of effort and are time consuming for the business.

Riaz Ahmad & Co Accountants can help you with these tasks, thus freeing you to concentrate in generating new business. We believe running your business and maintaining these accounts records by yourself can be difficult. There are many HMRC rules and regulations that have to be adhered to to ensure compliancy and slightly errors could prove very costly to the business.

Our aim is to provide professional HMRC compliant accounting records with a a view to minimising the tax you have to pay.

Let us take the strain out of these mundane tasks and allow you to focus on your business development and sales generation.

 

Riaz Ahmad & Co Accountants can handle all you accounting needs in a professional, efficient and cost effective manner.

Book Keeping

Book Keeping

Riaz Ahmad & Co Accountants can provide advice on book keeping for your business. We provide advice and services on:

Keeping records and receipts

  • Many business owners are not used to having to account for their transactions, with many just dropping invoices into a ‘shoe-box’ / ‘file’ and forgetting them. It is only when they receive reminders from HMRC do they take note and worry as what to do.
  • Allowing us to guide you from the start ensures that you perform book keeping tasks as an ongoing concern.
  • This may mean that we can help you save on expenses and tax deductions
  • Help you avoid under payments and help you avoid understating your income.
  • Help you avoid fines and penalties
  • Help you avoid doing things as a ‘last minute’ exercise
  • Save you time to allow you to do other tasks
  • Help comply with forms from HMRC

We can also advise you on what software is best to meet your accounting needs and what software is compliant with HMRC rules and regulations. You can use save your paperwork in simple Microsoft Excel format or use dedicated book keeping software from Sage or InTuit.

Keeping Track of Invoices

  • The heart of the business is the good practice of keeping sales and purchase invoices in a logical order.
  • Sales invoices need to be chased up and payment collected else you will suffer a cash flow problem
  • Purchase invoices need to be on time so that your supply chain is kept open
  • Expenses need to be stored safely so that they can be deducted / offset against tax due

These will enable you to run your business effectively.

Value Added Tax

A business that generate more than £81,000 will have quarterly VAT returns to file as well.

Limited Company

  • A limited company has additional obligations such as PAYE for all its staff.
  • File accounts annually on a set date

Value Added Tax

Value Added Tax (VAT)
Value Added Tax is one of the most complex and frustrating tax regimes imposed on businesses. So much so, many businesses inadvertently overpay or underpay VAT.

Riaz Ahmad & Co Accountants can offer you a very cost effective VAT service; our services include:

  • Advice on VAT planning and administration
  • Help and assistance with VAT registration
  • Advice on VAT on cross-border transactions
  • Help and assistance with completing VAT returns
  • Negotiating with HM Revenue & Customs (HMRC) in disputes
  • Representing you at HMRC VAT tribunals
  • Working with you and the HMRC to Plan to minimise any problems with HMRC
  • Ensuring that your company uses the most appropriate scheme
  • VAT control and reconciliation
  • VAT inspections
  • Changes in VAT regulations

Being a specialist accounts company we can quickly and efficiently adapt to your requirements and ensure that we can provide suitable accounting services for all your needs. We can also offer multi lingual services, with strong emphasis on Urdu and Arabic.

Please call us on +44 (0) 161 835 9123 if you discuss your accounting and financial information needs.