Learn to understand and develop your business with the help of our highly-skilled accountancy team. With our services, let us take accounts management off your hands and help you discover how to forward plan and say goodbye to deadline stress, while utilising accurate information to ensure your business is moving in the right direction.
No matter your size of business, we can work with you to evaluate anything from a simple profit and loss, to a detailed analysis of costs. We can even help you to build a picture of your financial performance – not just to date but how to improve business efficiency for the future. This service is aimed not only at reviewing performance but also to reduce your year-end accountancy fees, offered on a monthly or quarterly basis.
Leave the technical jargon to the experts and concentrate on what you do best – your own business. We know that, as a business owner, finding time to catch up with the accounts is a huge amount of pressure, especially when you have a company to run at the same time. Whether you need help with processing sales and purchase invoices or evaluating your key performance indicators, let Venton step in and make life that bit easier. With our specialist training in SAGE, Xero and Quickbooks we can help you decide which software works best for your business, depending on your financial reporting needs and the level of input you require.
Our services include:
• Purchase Ledger Processing
• Sales Ledger Processing
• Supplier Payments
• Credit Control
• Bank Reconciliation
• Financial Reporting
Ongoing changes to legislation and increasing administration obligations make payroll a significantly more demanding and time-consuming part of running a business. But, with our experienced payroll team, our reliable and accurate service means hiring staff doesn’t need to be a painful experience. Whether you need payroll processed on a weekly, fortnightly, four-weekly or monthly basis, we can be there to calculate the necessary deductions including PAYE, National Insurance, SMP, SSP & SPP and student loans – and you can concentrate on getting the most out of your own team.
Our payroll package also includes Real Time Information Submissions (RTI) to HMRC, as well as setting up and managing your Auto Enrolment (a compulsory requirement for all employers since its launch in 2018).
Whether you are a two-person team or leading a crew of 100, no job is too big or too small - so, contact us today to find out how we can help.
Does the term ‘VAT Return’ make you shiver in your boots? We know that HM Revenue and Customs (HMRC) are very specific when businesses submit their VAT Returns (and that many businesses worry about getting it right). Unfortunately, it is also an essential part of business and one that must be submitted correctly to comply with the HMRC’s strict criteria. Most importantly, though, no one wants to pay more tax than they have to, and we are here to make sure you get it right.
With the support of Venton, our team can process and submit your VAT Return for you, whether that is on a monthly or quarterly basis. So, say goodbye to VAT stress and any risk of penalties with missed deadlines – we can set you up with a direct debit to ensure all interim payments, if needed, are correct and on time.
It isn’t just about VAT Returns though; we can also register your business if required, as well as process and submit one-off returns for new build developments. We know you want to save as much money as possible when building a new home and claiming back VAT is a big part of that. So, we can take the trouble off your hands - whether you want us to process your invoices as you build or hold on to them until completion, we will make sure it is a quick and easy procedure.
How we can help:
• VAT Registration
• VAT Return Preparation
• Submissions of return to HMRC
• Setup of Direct Debit
• New Build VAT Reclaims
Making Tax Digital
If you are a VAT-registered business with a turnover of £85k or above (the current threshold), your business is now required to join the Government’s ‘Making Tax Digital’ (MTD) scheme, after the new ruling came into effect in April 2019. A new system that requires online tax filing and payment, it means your business will now need to do digital record-keeping, which the Government says will help reduce tax errors in the future.
This is the beginning of what officials say is the ‘end of the VAT Return’, with smaller businesses required to follow suit by as early as 2021 – but that’s not necessarily a bad thing. MTD is helping businesses to keep a real-time view on how their finances are looking and what they could be doing better before their end-of-year accounts are totted up and it’s too late to do anything about it.
Now, a number of online software packages have been created to manage this information, which are also registered as compliant with the MTD system. This is why, at Venton, we have invested in specific training with specialist software such as SAGE, Xero and Quickbooks to address this need and make sure your business is truly compliant. Whether it’s help with setting up your account, training on the new software platforms or total account management, our team is here to help make MTD work for your business.
Construction Industry Scheme (CIS)
At Venton, we are thrilled to be helping builders get back to building. The Construction Industry Scheme (CIS) can be complicated for subcontractors and contractors but our highly-skilled team can help you register with HMRC. We will then help you to process the relevant paperwork and calculate each month’s payment, as well as ensure your sub-contractors are notified of any deduction made. We will then make sure payments are made on time to eliminate any unnecessary charges that may incur, so you can get back on the ground and doing what you love.