Our services

VAT Returns

We can help – even if you are using online accounts software, let us check your VAT return before you send it off, you never know, you might find you are entitled to a VAT refund.

Bookkeeping for small and medium businesses

Most business owners don’t consider how to maximise the impact of their time. Just consider for a moment what activities you do that generate the most revenue?

• Take the hassle out of sorting all your invoices, receipts and bank statements
• Have your VAT return prepared for you, in good time
• Let someone else liaise directly with your accountant
• Have reports and figures on a monthly basis that help you make decisions on your business growth

Bookkeeping for sole traders

If you are a sole trader and aren’t VAT registered, don’t have a business bank account and don’t need a Balance Sheet, our Mint System^TM is for you.

• We focus on your books so that you can focus on your business
• Our charging system is completely transparent so you always know exactly what you are paying for
• We’ll give you a cumulative income and expenditure account – enabling you to judge if your business is making money and where you can cut costs
• You’ll have a report to give your accountant which highlights anything we think they should be aware of so you get the best tax advice
• Our unique Mint System^TM delivers systemised, efficient processing.  We will work with you directly and confidentially

Accountants

We quality check the work before you receive it so that you always receive a clean trial balance

You can count on us…

• We love bookkeeping and will process the work intelligently
• Our unique Rosemary Bookkeeping^® delivers systemised efficient processing – this means ANY of our bookkeepers can complete your client’s bookkeeping should your usual Rosemary Bookkeeper be ill or on holiday
• We standardise the paperwork to ensure you always receive the paperwork in the same way
• Our charging system is completely transparent so you always know exactly what you are paying for
• We always provide a detailed analysis with every invoice, so you can see exactly what we have done
• We invoice the client directly or through your firm – whichever works best for you
• We will never give advice; we’ll leave that to you
• We make sure we never reach capacity

Franchisees & franchisors

Rosemary Bookkeeping offer bookkeeping services to franchise networks. No job is too small. We work for franchisees and business owners nationally. You will receive monthly reports and a detailed invoice so there are no surprises.

We focus on your books, so you can focus on your franchise.

Landlords & letting agents

The statements you get from your letting agent make up only a tiny fraction of the costs you incur when owning a property – so without proper accounts, how do you know if you’ve made a profit on a property or not? We can show you your profit levels and much more…

Online retailers

Rosemary Bookkeeping delivers an intelligent bookkeeping service ensuring a consistency of delivery and high-quality work. Our practical, down-to-earth and friendly approach provides clients with information that enables them to understand and make decisions on their business, provides peace of mind that HMRC will be happy, with fair and reasonable charges.

At Rosemary Bookkeeping, we have had extensive experience of online retailers and fully understand the complexities of Paypal and Amazon.

What is making Tax Digital?

At Budget 2015, the government set out its vision for a transformed tax system, and in December 2015 it published the Making Tax Digital roadmap. This set out the government’s plans to make fundamental changes to the tax system – transforming tax administration by 2020 so it is more effective, more efficient, and simpler for taxpayers.

What does this actually mean?

As of April 2019, VAT registered businesses (including self-employed and landlords) with a turnover above the VAT registration threshold (currently £85,000) have been required to:

• keep their VAT records digitally
• provide their VAT return information to HMRC through Making Tax Digital compatible software.

For other businesses the implementation date has been delayed, but it is not far away so consider getting prepared now.

Rosemary Bookkeeping work with a variety of MTD compatible software providers, so we can find just the right solution for your company.

What are the advantages of going digital?

Digital accounting software has significant advantages over the traditional ways of bookkeeping.

Imagine if you could:

• See a clear picture of your current financial position, in real-time;
• Have your accounts 100% online, so there’s no software to install and everything is backed up automatically. Updates are free and instantly available;
• Avoid upfront accounting software costs – upgrades, maintenance, system administration costs and server failures are no longer an issue;
• Have your bank feed your data directly into your accounts on a DAILY basis;
• Take a photo on your phone of a purchase invoice and it was posted automatically; AND
• See your results, who owes you money, who you owe to and your business bank balance 24/7, 365 from your phone.

What software can I use?

Most main stream accounting packages will be Making Tax Digital compliant, Rosemary Bookkeeping work with most of them, if you already use a compliant accounting package we can work with you to get your records ready and up to date or we can help you decide on which is the right package for your business. See our Software page for more detail about the accounting packages we work with on a regular basis.

VAT returns

Doing your bookkeeping online?

Using a cloud accounting/software system? How confident are you that your VAT return is right? Do you know when you can claim VAT? When you can’t?

Online VAT returns aren’t as straightforward as you think – can you answer these questions?

• Can you claim VAT on meals?
• Can you claim VAT on train fares?
• Can you claim VAT on utility bills?

If you aren’t confident about the answers, then you shouldn’t be submitting your VAT Return to HMRC without it being checked by a reliable, knowledgeable bookkeeper.

Rosemary Bookkeeping can help – even if you are using online accounts software, let us check your VAT return before you send it off, you never know, you might find you are entitled to a VAT refund.