VAT & Bookkeeping Services
VAT & Bookkeeping made stress-free
Our VAT and Bookkeeping service is accurate, timely and efficient, allowing you to make smart decisions for your business. Leave the day-to-day finance tasks to us so that you can concentrate on the bigger picture.
From hairdressers and consultants to marketing agencies and e-commerce stores, we’re here to help businesses grow.
What’s included in our VAT & Bookkeeping service?
Our team of bookkeepers and VAT specialists can keep you on track throughout the financial year.
- Accurate record keeping. Our bookkeepers are very efficient. We’ll ensure that your books comply with HMRC’s Making Tax Digital (MTD) scheme.
- VAT scheme advice. We stay on the ball when it comes to VAT schemes, so you can make the most of any money-saving opportunities.
- VAT returns. We can take care of the entire VAT process for you or we can simply review your returns as a second pair of expert eyes.
- Accounting software. Not sure what to use in-house? We can advise and train you on the best software for your needs.
Why work with us?
We’re straightforward
We’re accurate
Our team of scrupulous bookkeepers and VAT specialists are up to date on the latest legalities to keep you compliant.
We’re transparent
With us, what you see is what you get. There’s no hidden fees or surprise invoices, just clear pricing straight from the get-go. Take a look at our pricing page for guide prices.
"*" indicates required fields
Explore our other services
Frequently asked questions
What is Making Tax Digital or MTD?
Making Tax Digital is a government scheme that requires VAT-registered businesses to maintain digital records and submit their VAT returns using HMRC-compatible software.
What’s the difference between bookkeeping and accounting?
Bookkeeping records and reconciles transactions, while accounting involves interpreting, classifying and reporting those records.
Can I reclaim VAT on business expenses?
You can reclaim VAT on some goods and services bought for business use. Navigating the rules and regulations around reclaiming VAT can be tricky, but we can help with this, saving your business money.
Can Syers McGill help businesses if their bookkeeping is behind or incomplete?
Yes, it is very easy to fall behind on your bookkeeping, especially if you do it yourself while running your business. We can help set up your accounting systems to work for you and be much more efficient, whether that means suggesting the best software and advising on how to use it, taking over your bookkeeping or pointing you to a more specialist bookkeeper. Keeping good financial records means you will have a much better idea of how your business is performing and will allow you to make informed decisions or cut unnecessary costs.
When do I need to register for VAT?
The current HMRC VAT threshold is £90k, so if your UK sales exceed this threshold in any 12-month period, you are required to register for VAT. You can also voluntarily register for VAT at any point. This decision will depend on several factors, such as who your customers are or how much VAT you pay on expenses; we would recommend speaking to us to ensure you make the right choice.
What business expenses can I reclaim VAT on?
There are many business expenses that include VAT. It is important that for each VAT-able expense you obtain a copy of a VAT invoice/receipt that details the VAT paid and the supplier’s VAT number. This will allow you to reclaim VAT from HMRC if your business is VAT-registered. Accounting software allows you to upload VAT invoices/receipts, which helps us check them and means you do not need to keep hard copies. VAT is a complex tax, and not all expenses include VAT, so we always recommend speaking to us if you are unsure about anything.
Do you need bookkeeping if I use accounting software?
Yes, although some adverts for accounting software seem to suggest that they do the bookkeeping, this is simply not true. The accounting software brings in the data from your bank and suppliers very efficiently, but you still need a bookkeeper to tell the software what each transaction is. The bookkeeping has had to adapt to the software, so having a good bookkeeper who knows it is invaluable. There are tools and reports built into the software that you can tailor to your business, and we would work with you to find the best solution. The software is used to make timely, accurate submissions of VAT and MTD returns to keep you HMRC-compliant.