Accounting & Bookkeeping
Zenon can assist you with the bookkeeping, accounting, payroll and VAT needed to ensure your business runs smoothly and you have the figures you need to make timely decisions. Whether you outsource all your bookkeeping to us, or use our services for quarterly reviews or annual accounts, we offer a professional and flexible service to make sure you meet deadlines and have management information available as you need it.
Using our expert technical knowledge to prepare your annual statutory accounts from your accounting records, ensuring they comply with all the relevant legislation and regulation, frees you to concentrate on the commercial decisions which ensure your business optimises its position in the market place. Our technical knowledge, coupled with commercial awareness, also allows us to highlight any potential problems or opportunities (e.g. for tax planning) on which you can act as you see fit. We can also provide related services such as bookkeeping, payroll, VAT services and Company Secretarial Services.
Everyone agrees that up to date, accurate information is essential for a business to protect its position and make informed decisions to optimise its future. The basis of much of this information is the accounting records of the company. At Zenon we can provide you with a good, reliable digital bookkeeping system which allows you to keep track of transactions and maintain control over your business operations. We can work with you so you can either outsource your bookkeeping totally to us, or use us as expert advisors whilst maintaining your own bookkeeping function.
We are a QuickBooks Platinum ProAdvisor firm and are experienced users of QuickBooks (desktop and online), Sage, Exchequer and other software packages. With the new requirements of MTD (see VAT section below), your choice of software is ever more important. We are happy to advise on the best solution for your business needs.
Payroll and Pensions Auto-Enrolment
Payroll is another area where we can relieve the pressure on your business, allowing you to concentrate on your core activities and saving you from penalties for non-compliance. At Zenon, we can calculate your weekly or monthly payrolls, providing you with reports in either electronic or hard copy format. Our payroll software is HMRC approved and compatible with sending Real Time Information (RTI) reports, which are now part of the PAYE reporting regime and a legal requirement for employers.
Our advisors can also guide you through fulfilling your responsibilities as an employer under Pensions Auto-Enrolment, and our payroll software can provide you with the information you need. This is an area where penalties for non-compliance are particularly steep so meeting your responsibilities is essential.
VAT is another area where there are huge changes to the recording and reporting regime in the near future, as part of HM Revenue & Customs’ plans to digitalise the UK tax system. Making Tax Digital (MTD) means that, from 1 April 2019, the majority of VAT registered organisations with turnover above the VAT threshold will need to maintain digital records and submit VAT returns using HM Revenue and Customs approved software. We continue to be able to advise you on VAT registration; we can apply for a VAT registration for you and prepare and submit your VAT returns. In addition, we have prepared for MTD by undertaking relevant professional training including training as QuickBooks Making Tax Digital ProAdvisors. We work closely with software providers to ensure we can help our clients to meet their responsibilities.