A Construction Services Company

Tasks

• Bring the books up to date
• File previous VAT returns, CIS, and PAYE.
• Reconcile accounts receivable, accounts payable and ledgers, so that management know the actual balances due to suppliers/HMRC.

Actions

Firstly, we built knowledge of the internal processes at the company. Then we:

• Prepared summaries of all payments made to subcontractors.
• Filed pending CIS returns.
• Ran the payroll.
• Filed pending VAT returns.
• Reconciled full accounts.
• Prepared and submitted the annual accounts and tax return.

Results

• The company’s bookkeeping and accounts were brought up to date.
• The directors are happy and satisfied because there is no longer any backlog.
• All statutory payments were made and further interest on the outstanding payments has been avoided.
• The directors were able to get accurate reporting about their business’s financial performance.

To learn more about our services, please visit: AccounTax Zone Services