Tax Archives - WCS Devon Somerset Accountants

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29th March 2021

VAT Cash Accounting – could you save £’s by switching?

If you have slow paying customers, switching VAT scheme could improve cashflow in your business Read More >

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16th August 2019

Major changes to construction VAT from 1st October 2019

Domestic reverse charge VAT rules may affect cashflow, particularly if you use invoice finance or the cash accounting scheme. Read More >

2nd October 2018

Making Tax Digital

It’s been three years in the making and there are just six months to go until it takes effect. No, not Brexit (well, that too), but Making Tax Digital. Read More >

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Many business owners often feel conflicted - shoul

Even 5 years ago, outsourcing your accounts wasn’t really the done thing.

Most likely businesses would employ an administrator. They would do what they could to keep purchase and sales ledgers up to date until they handed them over to an accountant at year end.

Other than keeping an eye on cash in the bank, the most you could do was hope the accountant reported there were year-end profits. The worst case scenario was an unexpected tax bill!

When we look back over those last few years, it’s clear that small and medium businesses now have access to tools which were the preserve of big business.

You can send paperwork to your accounts system by hitting forward on an email, or snapping a paper bill with an app, and a plethora of reports will be available to you online.

Often though, the challenge is how to make sense of it all - which is where we can help!

By outsourcing, our clients get access to a fully trained team. Within our team, we take care of:

✅ Strategy
✅ Compliance
✅ Technology

We’ll also take care to support clients in addressing the issues we identify. We know from their feedback that clients really value this. They say we talk their language and that they are more confident about their accounts and Xero, with the changes we suggest resulting in bigger profits and better cash flow.

If you have a nagging feeling that your business is under-performing, or ‘could do better’, book a Business & Xero today.

#WCSnotjustaccountants #Somersetbusiness #Devonbusiness #Exeter #Taunton #Yeovil #madeintheUK #shoponline #shoplocal #shopindependent #retail #xero

Feeling worried about the effect inflation might h

With the rise of technology, the world of retail a

Have you ever thought about what you could do if y

Decision-making: it's certainly not easy! In busi

At Wessex, we believe that outsourcing could be th

Category: Tax

VAT Cash Accounting – could you save £’s by switching?

Major changes to construction VAT from 1st October 2019

Making Tax Digital

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