Bookkeeping Services for Small Business – When Should You Consider Hiring Bookkeeping Services?

Bookkeeping Services for Small Business – When Should You Consider Hiring Bookkeeping Services?

Bookkeeping services for small business work as a vital external help to businesses across the UK. It is perfect for small and medium-sized businesses that stay occupied in one or the other business activities and have no time to manage their books and accounts periodically.

Whether you are a small business owner or own a large company, taking care of your business tasks and getting involved will always make you feel proud. Participating in business activities will keep you aware of what’s going on within the organization but also helps you make crucial business decisions whenever required. But just imagine, you are so occupied with business tasks that you are unable to focus on other activities that can lead to business growth. Yes, we are talking about some business activities like Bookkeeping and Accounting that can consume a lot of time.

Unless you are a professional bookkeeper or an accountant, these tasks will keep you engaged and won’t let you focus on core business activities. Here are some of the most common scenarios that indicate that your small and medium-sized business needs online bookkeeping services for small businesses in the UK.

Why Do Small Businesses Need Online Bookkeeping Services?

  1. You Don’t Have Time for Other Activities: This is one of the most common scenarios that force UK small businesses to consider outsourced bookkeeping services. As the business grows, the word load increases and increases the financial transactions. In such a case, business owners find it hard to switch between multiple tasks within the organization.

 

If the same is the case with your small business, then get in touch with a company that offers bookkeeping services for small businesses so that you can reprioritize and focus on what’s more important in your business. Online bookkeeping services for small businesses help you focus on the activities that can lead to exponential business growth.

 

  1. You Are Not Regular: As you are not a pro at bookkeeping and accounting, you keep them avoiding them, and wait for the tax season. One more reason why you keep avoiding bookkeeping and accounting is that you don’t have enough time to manage high-billing volumes and back-office paperwork daily. This pile of work creates problems at the time of tax season when you have to collect all the financial information, prepare a report, and submit it to the respective tax department. In case, you fail to do so, you will be eligible for penalties by the tax department.

 

  1. You are not a pro at Bookkeeping: Being an entrepreneur, you are good at doing business in your respective industry, but it is not mandatory that you should be a pro at maintaining your books just an experienced bookkeeper. Moreover, bookkeeping and accounting are tasks that demand 100% accuracy and perfection, or else you may have to feel the heat from the tax department.

 

  1. Unaware of tax rules and compliance: Tax rules keep on changing every year, and it becomes hard for a typical business owner like you and me to stay updated with all the changing norms and compliances. And might cost a penalty for our business at the time to tax filing. Thus, if it is tough for you to stay updated with tax compliance, then it’s better to engage with Bookkeeping and Accounting Services for Small businesses.

What is the cost of online bookkeeping services for small businesses?

Due to immense competition in the outsourcing industry, online bookkeeping and accounting services for small business has become an inexpensive deal. You can easily find an affordable bookkeeping services provider near you. Or you can also ask different companies to provide you with a friendly quote and the types of services they offer under the hood of online bookkeeping services. Just to understand how much Bookkeeping Services for Small Business can cost you, please refer to the Affinity Associates pricing page.

Online bookkeeping services are more cost-effective and reliable than in-person accounting services. This is because they minimize the risk of human error and fraud that can often occur with paper recordkeeping. For a free quote or to know how online bookkeeping and accounting services work, please click here.

 

What are the benefits of online bookkeeping services for my business?

Finding the right bookkeeping services can be a daunting task. You want to find someone who is experienced, reliable, and affordable. You need to find someone you trust, who is comfortable with the intricacies of your business and has the resources to handle all your needs. When looking for a professional bookkeeping service, it’s important to ask questions about experience, cost, and the process for handling transactions.

There are many benefits of utilizing online bookkeeping services for businesses such as they can help you save time and money by streamlining your monthly financials, eliminating duplicate data entry, providing valuable insights into your company’s spending habits, forecasting future cash flows, and more.

Moreover, Bookkeeping Services for Small Businesses offers a big reach if your business/services are not confined to specific regions or states. An online bookkeeper from a top-rated outsourced bookkeeping services provider can help you manage your finances from anywhere. You won’t have to worry about traveling for meetings and appointments, as your team will be able to collaborate from the comfort of their home or office.

Online Bookkeeping Services for small businesses offer a flexible team Structure. Most online bookkeepers provide a variety of services, so your team can decide on which ones they need rather than having to ask each supplier for what they’ll offer you. In addition, it allows teams to work remotely and collaborate easily in real-time with their colleagues.

 

Do We Offer Free Consultation on Bookkeeping Services for Small Businesses?

We are Affinity Associates, and we are one of the best online bookkeeping services providers in the UK. And we do offer 100% free consultation to small businesses that have questions, doubts, or insecurities related to outsourced bookkeeping services. To schedule a free consultation to learn more about the online bookkeeping services, how it works, and what is the cost of outsourced bookkeeping services, please call us at +44 20 8903 2077 or visit our website at https://www.affinityassociates.com.

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What is Small Business Accounting Services and Why it’s So Important?

What is Small Business Accounting Services and Why it’s So Important?

What are Small Business Accounting Services?

Small business accounting services is a popular term among businesses in the UK and across the border. But what is accounting services for small business, and why it is trending and gaining popularity among small businesses around the globe? Let’s understand it.

As we all know, accounting is a very important part of any business. It is the backbone that keeps track of all the finances and transactions. Many small businesses don’t have an accounting service because they can’t afford it.

The small business accounting service is the one that helps small businesses in this process. But there are some companies like Affinity Associates that offers accounting services for small businesses at affordable rates without compromising on quality. Moreover, these companies also ensure that the quality of the work is not hampered, and tasks are completed within the given timeframe. Under the hood of small business accounting, you can outsource tasks such as taxes, payroll, bookkeeping, VAT preparation, financial report preparation, and other financial tasks to reduce your workload and make things easier for you to manage. If you are interested in having a look at the list of services/tasks that you can outsource, then please click here.

Now, if you are impressed by accounting services for small businesses but want to learn more about the advantages/benefits of small business accounting services, then continue reading. We have covered some popular benefits of accounting services for small businesses.

What are the Benefits of Accounting Services for Small Businesses?

Small business accounting services can be a great option for small and medium-sized businesses.
It provides the necessary tools and supports to help them keep track of their finances and stay compliant with federal regulations. They also provide other services like payroll, bookkeeping, tax preparation, financial reporting, and more.

The benefits of using small business accounting services are many.

  1. The first and most obvious one is that you will be able to stay on top of your finances. This means that you will never have to worry about not knowing how much money you have in your bank account or how much money you have to pay to the government as tax.
  2. The second benefit of accounting services for small businesses is that they will make sure that your taxes are filed correctly and on time. This means that you won’t have to worry about being audited by the Tax Department or having any other financial problems with the government.
  3. The third benefit of accounting services for small business is that, if there are any issues with your taxes, they can help you work them out so that they don’t become a bigger problem in the future.
  4. The fourth benefit of using these services is that it will save you time and energy because they do all of this for you!

There are plenty of many benefits of small business accounting and bookkeeping services, and if you want to learn more about them, then feel free to schedule a free consultation with one of the accounting outsourcing experts in the UK.

What is the Cost of Small Business Accounting and Bookkeeping Services?

Many parameters define the cost of small business accounting and bookkeeping services such as the number of resources you hire, the volume of tasks you want the team to handle, what type of task you want them to handle, and more. Thus, if you want to know how much small business accounting and bookkeeping services will cost your business then feel free to contact the experts at Affinity Associates. To elaborate, the approx. The cost of hiring an accountant or a bookkeeper depends on the type of task you assign to them.

For instance, a bookkeeper can take care of tasks such as recording transactions, processing payroll, invoicing customers, and balancing your books. Whereas an accountant can help you with more advanced tasks, such as filing small business taxes, generating statements, analyzing costs, and giving advice. Thus, if you are hiring a bookkeeper or an accountant for a specific set of tasks, the cost may vary from resources to type, and volume of tasks assigned.

If you want to have an idea the about pricing and packages of small business accounting services, then you can refer to this price and package breakdown here. Affinity Associates is one of the top-rated accounting services providers in the UK and offer a free quote to small and medium-sized businesses across the UK.

Where Can I Find the Best Accounting Services?

If you are looking for a small business accounting services provider in the UK, then you can take the help of Google to find some options around you.
You can also ask someone in your family and friends to recommend an outsourcing accounting firm that can efficiently offer the best accounting services for your small business in the UK.

However, after so many attempts and efforts, if you are unable to find a top-rated small business bookkeeping and accounting services provider then it’s time to contact Affinity Outsourcing. The latter is one of the top-rated UK outsourced accounting and bookkeeping firms/practices known for its professionalism and quality of work at unbelievable rates.

You can refer to the pricing and packages page to learn more about the cost of outsourced accounting and outsourced bookkeeping services for small businesses in the UK. The accounting and bookkeeping services provided by Affinity Associates are designed to keep you and your business out of financial stress. If you want to discuss how accounting services for small businesses can prove to be a turnkey solution for your business, then schedule a free consultation with one of the accountants at Affinity Associates in London. You can send us your questions at info@affinityassociates.com or call us directly at +44-20-8903-2077.

Will You Provide Me Free Advice/Help on Accounting Services?

At Affinity Associates, we are always open and available to help our clients with all the accounting and bookkeeping-related problems. Contact our professionals if you have any questions such as,

  1. What are small business accounting services?
  2. How outsourced accounting and bookkeeping services work?
  3. What is the cost of outsourced accounting services?
  4. How accounting services for small businesses can benefit your business?
  5. How can I hire an accountant or a bookkeeper from an outsourcing company?

Our team of experts is always there to help you and offer satisfactory answers to your questions. If you are not sure what types of services outsourcing accounting companies offer, then please click here. You can also like us on Facebook and follow us on Twitter for daily updates on tax and accounting.

Top Accounting Firms in London – Reasons Why Affinity is the Leader

Top Accounting Firms in London – Reasons Why Affinity is the Leader

When you are finding the best accounting firm in London using Google, you will be offered approximately 99,300,000 results in just 0.68 seconds. But how will you conclude which accounting firms in just right for you, your business, and your budget? What should be your filtration criteria and what points should you consider before hiring small business accounting firms in London? Well, then you should refer to this blog that has tips on finding the best accounting firm in London.

How to find the best accounting firm?

There are rules/tips you need to follow before you engage an accounting firm in London, and they are

  • Fees: Always consider before hiring a company
  • Experience: What is the experience of the resources that you are about to hire
  • Certification: Are the accountants certified or not?
  • Availability: Are the resources available to finish your task within the given time frame
  • Communication: What are the modes of communication available
  • Goal: Are you meeting your end goals after hiring the top accounting firms in London.

If you keep these points in mind while hiring small business accounting firms in London, then probably you won’t regret your decision at any point in time.

What are the pricing packages of top accounting firms in London?

Pricing packages and fees of small business accounting firms in London vary from company to company and the services they offer to their clients. However, the average cost of hiring an accountant may vary from 10 GBP to 100 GBP. However, there are some top accounting firms in London like Affinity Associates that is offering the best small business accounting services in London at unbelievable prices. You can review their pricing packages.

Why Affinity Associates is among the top accounting firms in London?

Affinity Associates is among the top-rated small business accounting firms in London with more than 40+ years of industry experience. Below are the few reasons why Affinity Associates is the top accounting firm in London, and they are:

  1. Best Accountants: Affinity Associates has the team of the most talented accountants in London to offer the most UpToDate small business accounting services in London, UK.
  2. Industry Presence: With more than 40+ years of industry presence, Affinity is among the top players in the field of small business bookkeeping and accounting in the UK.
  3. Affordability: At Affinity, affordability doesn’t mean compromising the quality of work. You get the best services at unbelievable prices. You can verify it by clicking here https://bit.ly/3FQ3D3n.
  4. Updated Infrastructure: Affinity Associates loves to stay updated with the trends. From working stations to office infrastructure, Affinity adopts and implements the best and newest in the market available.

Affinity Associates is among the best small business accounting firms in London that offer all the services you need to ensure the smooth functioning of your business. To learn more about the list of services offered by Affinity Associates, please click here.

Also, to learn more about the pricing packages for your business, please click here https://bit.ly/3FQ3D3n. For a free consultation to discuss your requirements, please call Affinity Associates at +44-20-8903-2077.

Accountancy Services for Small Businesses – We Offer End-to-End Accounting Services in the UK

Accountancy Services for Small Businesses – We Offer End-to-End Accounting Services in the UK

End-to-End Accounting Services in the UK

Looking for end-to-end Accounting Services in the UK that can accelerate your company’s growth? Well, then you are in the right spot. We are Affinity Associates, and we are known for offering the best small business accounting services while staying affordable with our pricing. We have a team of certified and experienced to offer end-to-end accounting solutions to keep your accounts and books UpToDate and compliant with the latest industry trends for faster growth of your business. To learn more about our accountancy services for small businesses, and how much will it cost you every month, please visit our pricing page.

As a small business accounting firm, Affinity Associates holds expertise in maintaining your invoices, financial reports, and anything related to business accounts. We can also help you prepare and file taxes on time so that you don’t have to face any heat from the government tax department. Small business accounting services are extremely handy and affordable. If you are a small business looking for personalized accounting, bookkeeping, tax preparation or financial reporting services for your business, then we can comfortably meet your specific requirements. Along with the small business accountancy services in the UK, we also offer professional advice and world-class customer support to our valued clients.

Our Small Business Accounting Services in the UK:

  1. Bookkeeping Services: Affinity Associates holds a proven track record of offering the best bookkeeping services to small businesses in all the industrial sectors.
  2. Accounts Payable: Whether you need help with invoice receipt to uploading and processing it to various management as well as reconciliation, our team of accountants is here to help.
  3. Accounts Receivable: Our accounts receivable services are here to help you pump up your business cash flow and cut down operational expenses.
  4. Financial Reporting: Our financial reporting services are meant to match your business’ needs & are aimed to scale up your business performance.
  5. Payroll Processing: At Affinity Associates, we offer friendly and affordable payroll processing services for small businesses in the UK.
  6. Tax Preparation: Our tax preparation and tax filing services are designed to protect you from all the hassles of preparing and submitting the tax on time.

We Support Multiple Accounting Software

In our team, we have certified and experienced accountants that are familiar with all the latest accounting and bookkeeping software. More, accountants are quick learners and easily adopts the new environment and ecosystem.

Who We Serve?

It’s been more than four decades since we are into accounting services, and during all these years we have served clients coming from different industries and domains. We have teams to offer you industry-specific accounting services so that you don’t have to worry about any errors or faults. We have clients from industries such as:

Contact us for Small Business Accounting Services in the UK Our small business accounting services are best for businesses coming from different sectors, irrespective of their size. We focus primarily on the outsourced controllership in both long as well as short term circumstances. To learn more about Accountancy Services for Small Businesses, UK, please visit us at https://www.affinityassociates.com.

Real Estate Healthcare
Manufacturing Logistics
Retail Hospitality
Automotive Technology
Legal Insurance
Education Construction

How Will You Find the Right Restaurant Accounting Software?

Hire Top Accountants in London UK - Affinity Associates

If you are into a restaurant business, then the right accounting software can help you maintain books accurately, automates manual tasks, and most importantly, helps you generate crucial financial reports when necessary. Thus, it is extremely crucial to find the right accounting software to simplify all your accounting related tasks.

Amid plenty of readymade accounting software available over the web offering some advanced features and robust reporting, it becomes really hard for restaurant owners to find the right accounting software for their restaurant. Which software is better for your restaurant depends on several factors; but, here are some tips to help you find the right accounting software for your business.

What are your accounting needs?

The accounting software that you decide to choose for your restaurant should not require a separate team of technologist. It should be simple to use and meet all your accounting needs appropriately. Whether you are opening a new restaurant or adding new stores, your accounting needs must be met specifically. You can consider software such as QuickBooks Online or Sage Intacct that has all the basic features and are extremely easy to use. Do you need help in finding an accounting software for your restaurant business? We can help, contact us at https://www.affinityassociates.com.

What’s Your Budget?

Consider the total cost of ownership of an accounting software for your restaurant. Thus, if you are about to invest in an accounting software, don’t forget to consider points such as;

  • Upfront that you need to deposit
  • Monthly subscription charges of the software
  • Restaurant operational features that may cost more
  • Resource that you need to hire to operate the software

Before buying a software, make sure you do proper research and are willing to spend against what you are getting.

Is Your Software User-Friendly?

Make sure the accounting software that you are about buy is user-friendly and doesn’t require any in-depth technical knowledge. An easy to use software will ensure your employees are easily adopting it and integrating it into day-to-day activities. A software that is hard to use will be utilized less. Thus, go through the genuine reviews, ask for recommendations, or request a free demo to test it out.

Is Your Software Cloud-Based and Mobile-Friendly?

Mobile friendliness and Cloud compatibility are the most demanding feature of our time. A cloud-based accounting software is much better than the traditional software as it offers as ease of accessing the data from any part of the world. Moreover, cloud-based accounting software are more secure, accessible, organized, and scalable. Our team can help you find the right cloud-based accounting software for your restaurant.

Need Help with Your Restaurant’s Accounts?

There are plenty of restaurant accounting software that can help you efficiently maintain your books, track your finances, and save you time, but it is important that you find the right solution. However, if you are not sure or need help in deciding the right solution, then help is just a call away. Call us at +44 20 8903 2077 or drop us your contact details at https://www.affinityassociates.com/contact-us/.

We are Affinity Associates – UK’s top-rated small business bookkeeping and accounting services providers with years of experience. For years, we have been offering the best accounting services to small businesses across the United Kingdom. We can help you find the right software solution for your business or else, you can also consider our restaurant bookkeeping and accounting services that are professional, accurate, timely, and affordable. To learn more about our UK accounting services, please visit us.

Accounting Services for Construction Companies in the UK

Accounting Services for Construction Companies in the UK

The tax regulations for the construction companies and VAT registered builders in the UK has always been a bit quirky. Moreover, the introduction of revised VAT Domestic Reverse Charge for the VAT registered builders has added fuel to the fire – making it more complicated for construction companies across the UK to manage their accounts. Many construction companies in London and across the UK are finding it hard to get conformable with the new Domestic Reverse Charge rules.

If you are too worried about quirky tax laws, especially after the introduction of VAT DRC, then it’s time to contact Affinity Associates to manage your accounts and books more efficiently. If you want to learn more about Domestic Reverse Charge and how Affinity’s accounting services for construction companies can boost the growth your business, please visit https://www.affinityassociates.com.

Our Accounting Services and VAT Domestic Reverse Charge

After getting delayed for almost two years, VAT Domestic Reverse Charge has been brought into effect by the HMRC with an aim to put control on fraudulent sub-contractors and  increase the revenue, but majority of subcontractors and construction companies across the UK are struggling to understand process and manage their compliances. If you are not sure what to do to with the new set of rules, then we are here to help.

We are Affinity Associates, a small business accountancy firm in London offering end-to-end accounting and bookkeeping services to businesses coming from different domains and industries. With more than two decades of industry presence, we hold expertise in offering highly professional accounting services to construction in London and across the UK. Here are some reasons why our accounting services are the best for your construction company, and they are:

  1. Systems and Training: We are well-prepared and have everything in place – from updated systems to trained professionals. In our team, we have certified professionals who are aware of the changes and how to implement those changes in their work. Moreover, we constantly train our resources so that they stay atop of the trends in the industry. Our team is all set to deal with the revised VAT DRC for the construction companies in the UK.
  2. Cloud Accounting: This is the call of the time, and your company must embrace this technical shift for the betterment. At Affinity Associates, we love to keep ourselves updated with the latest trends, and as a result of which we are one of the top-rated cloud accounting services providers in the UK. Easy-to-use cloud accounting software will help you keep track of your sales, purchases, invoices, and receipts with a nuance that can more easily allow for these changes.
  3. Flexible and Affordable Services: Affinity Associates is the best small business accountancy firm offering highly professional and affordable accounting services to different businesses. Our accounting services are best for construction companies, law firms, real estate firms, and many other businesses across the United Kingdom.

Contact Affinity Associates

If you are a VAT registered construction company in the UK, and need help in understanding VAT DRC, then feel free to contact us at https://www.affinityassociates.com/contact-us/. We will help you understand the Domestic Reverse Charge, and what steps you must take to accommodate the changes. To learn more about our accounting services for construction companies in the UK, please call us at +44-20-8903-2077.

Our small business accountancy service is best for businesses in Staines, Leatherhead, Weybridge, Chertsey, Caterham, Dartford, Uxbridge, Harrow, Watford, Enfield, Loughton, Brentwood, and Romford.

Affinity Associates Offer Discounted Priced Bookkeeping and Accounting Services for Small Businesses in London, UK

Affinity Associates Offer Discounted Priced Bookkeeping and Accounting Services for Small Businesses in London, UK

Many small businesses in London and across the UK are finding it hard to bring their business back on track amid the COVID19 pandemic. They are trying every possible way to bring their customers back by staying affordable and reasonable with their services and products. But, if they keep on offering services with a minimum profit margin then they won’t be able to expand their business as per their will. So, what can be done? Small businesses in London and across the UK must give a try to affordable and accurate accounting and bookkeeping services offered by small business accountancy firms like Affinity Associates.

Based in London, Affinity Associates is one of the most reputable accounting firms that offer accounting and bookkeeping services amid COVID19 at a truly discounted price. If you are a small business then, it’s time to contact Affinity Associates and take advantage of their discounted priced small bookkeeping and accounting services and help your business flourish amid the COVID19 pandemic. To learn more about the offer, please visit our website at https://www.affinityassociates.com.

At Affinity Associates, we care about our clients’ goals for their business and offer bookkeeping and accounting services that help them achieve that goal. When you hire our services and become our client, we’ll identify your overall strategy long before and will educate you to become tax efficient. We use advanced tax-saving techniques that align with your objectives and ensure you pay the least amount of tax. From day-to-day bookkeeping to making informed decisions about hiring more employees or investing in a big purchase, we’re ready to partner with you to help ensure your success and increase your net worth.

When you turn over the complex task of managing your accounting and bookkeeping to our experienced and qualified tax accountants and bookkeepers in London, you’ll gain a partner who genuinely cares about you and your business. Our supportive and welcoming staff is ready to answer your questions and queries. Our affordable and discounted priced small business accounting and bookkeeping services in London are highly customizable and tailor-made. We have affordable service and hiring packages to suit the needs of every business – from start-ups and small business to medium-sized businesses. We are a small business accounting firm with a passion for helping small businesses and individuals succeed through personalized, hands-on tax preparation services.

Call us at +44 020 8903 2077 or request a free business consultation today to learn how our discounted bookkeeping and accounting services for small business can help you make your business thrive amid the COVID19 pandemic.

Need Accounting and Bookkeeping Services for Your Small Business in London Amid COVID19 Pandemic? Contact Affinity Associates

Need Accounting and Bookkeeping Services for Your Small Business in London Amid COVID19 Pandemic? Contact Affinity Associates

Are you a small business in London who is badly hit by the COVID19 Pandemic? Are you in need of professional advice and affordable accounting services in London amid Coronavirus Pandemic? If so, contact us for initial free consultation and to keep your business’s accounts and books up-to-date and ready to use once the world recovers from the COVID19 pandemic.

We have a team of chartered certified accountants and experienced bookkeepers to help small businesses (any domain any industry) maintain their business finances and make the best use of relief packages announced by the HMRC and the UK Government for small businesses and self-employed across the nation. To learn more, give us a call today at +44 20 8903 2077 or visit our website to contact us or to learn more about our small business accounting and bookkeeping services in London, Harrow, and Wembley.

We are Affinity Associates, a London-based accountancy firm that is committed to helping small and medium-sized businesses with highly professional yet affordable accounting and bookkeeping services. We all know that not only the United Kingdom but the entire world is at a war against the novel Coronavirus. Everyone is living in an unprecedented time and with operational regulations constantly changing to control the spread of Coronavirus, and also to keep the citizens safe and protected. Being a small business accounting firm in London, we want to assure all the small businesses across that we are here to support them in this tough time and we are in this together.

As the entire nation is mitigating shutdowns to stop the spread of novel Coronavirus, the small businesses are dealing with disruptions to their supply chain. We want to assure small businesses across the UK, then we are with you along with our dedicated small business accounting and bookkeeping services to tackle this pandemic. We can provide you with resources designed (Bookkeepers and Accountants) to assist small businesses through this difficult time. Small businesses in London can contact us for services like:

  1. Accounting and Bookkeeping Services
  2. Business Advisory Services
  3. Audit and Assurance
  4. Tax Advice

At Affinity Associates, we understand the struggle that small and medium-sized businesses are facing in this difficult time, and as a small business accounting service provider in London, our sole objective is to offer them practical and useful services and information that can in some way improve or support their businesses and their personal lives.

In this tough time of COVID19 pandemic, we are not only offering small business bookkeeping and small business accounting services in London, but we are also helping small, and medium-sized businesses in understanding and benefit from the relief packages announced by the HMRC and the Government of the United Kingdom. If you are a small business, a medium-sized business or a self-employed in the UK, and don’t know what are the relief packages for you and your business then us today. You can also visit our blog section (https://www.affinityassociates.com/blog/ ) to learn more about relief packages in detail.

You can also contact us to learn more about how those relief packages can be used to benefit your business amid the COVID19 pandemic. To schedule a free consultation, you can call us at +44 20 8903 2077 or email us your queries at info@affinityassociates.com. We will be more than happy to help you in this tough time.

Be Safe and Be Well.

Here are 5 Ways Accountants at Affinity Associates Can Help You Save More

Here are 5 Ways Accountants at Affinity Associates Can Help You Save More

Most small and medium-sized businesses in London and across the UK tend to manage their finances on their own, but if you decide to hire an accountant from a reputed accounting firm like Affinity Associates, you will find you save your business money in the long run.

Apart from the routine accounting and bookkeeping tasks, the accountants can assist you in plenty of other tasks. The team of accountants in London at Affinity Associates are highly trained and dynamic enough to deploy cutting-edge technology to increase an owner’s sight of their business and to push growth, from start-ups to established businesses.

With the advice and insight provided by the accountants, your business will be well on its way, unlocking its true potential.

Professional Tax Advice: For most small and medium-sized businesses, tax regulations are a dense maze, and it becomes extremely difficult for them to cope up with all of them at the same time. They cannot abreast all the changes to the tax laws, especially when their tax position changes based on the structure of their business – self-employed, limited company, or otherwise.

But, when you hire an expert London-based accountant, you don’t have to worry about the tax laws anymore. All the credit goes to their expert knowledge on a range of tax planning options. The tax accountants at Affinity Associates can help you make the most of each tax year and advise on the most tax-efficient plan your business.

Moreover, the team of accountants at Affinity Associates can also save your business money simply by keeping on top of tax deadlines.

Cash Flow Management and Financial Forecasting: Check on unnecessary expenses and good bookkeeping services can help with cash flow in your business. In business, “Cash is King” because it is the lifeblood of any business – especially for start-ups, small and medium-sized enterprises. Therefore, it is extremely crucial to keep an eye on your cash flow and predicts the accurate cash flow to ensure the business has enough to survive.

This is where experienced accountants come in. Our team of accountants in London at Affinity Associates can get you a rolling forecast of your current cash flow, allowing you to stay up-to-date with your existing cash position. A close watch on your cash position means that you will have a chance to sort out many issues before they become serious.

Offering You a Free Time for Your Business: Being a small business owner, you know better how precious every hour is for you, and an accountant can save your business money by saving your time. By taking care of your books and staying on top of your tax deadlines, an accountant can offer you free time that you can invest in client relationships and the work you originally set out to do.

Talk to our experienced accountants in London today and see how they can take your business to the next level. For a free consultation, contact us at https://www.affinityassociates.com OR email at mukund.amin@affinityassociates.com

Why Outsourced Accounting Services are More Reliable for Small Business

Why Outsourced Accounting Services are More Reliable for Small Business

Whether you want to control your business on your own forever, or you are urgently looking for an investor, you need to have accurate financial statements. Your financial statements can help you get lower interest rates on loans, better forecast your cash flow, and make informed decisions for future growth.

As solid and transparent information is the key to any business decision, your financial statements need to go over and above the minimum obligations. This is why you need to think about Outsourced Accounting Services or hire an Accountant for your small business in London, as it gives you the most accurate picture of your finances.

Why You Need to Think About Outsourcing Your Accounting Tasks

1. It Could Eliminate Multitaskin: In many small businesses, it has been observed that the owners or managers do most of the accounting related tasks. Even when a CAP looks after the taxes or end-of-the-year reports, everyday bookkeeping tasks are handled by someone with many duties that go beyond accounting. Well, as we all know, multitasking sometimes create grim problems. Firstly: It is not compulsory that the people who handle the bookkeeping tasks in your small business may have the adequate accounting knowledge. And if they do not possess enough knowledge of accounting rules, they may report transactions in the wrong period or make other errors.

Secondly: When an individual or an employee in a small business has other business operations to look into, then there are chances that the bookkeeping and accounting tasks are left behind or ignored. Accounting reports that managers use to make decisions can quickly become out of date. Documents needed to take the business decision may not be ready when required.

Thirdly: When you don’t have a dedicated resource to take care of accounting or bookkeeping tasks, it is viewed as an undesirable chore and often left untouched. This also increases the likelihood of errors.

2. It Could Introduce Automation: Sometimes automation is necessary to overcome the human error. Even though you prepare your books carefully, there are chances of human error, and even a single missed or transposed figure can ruin all your hard work. On the other hand, outsourced accounting services by a professional company like “Affinity Associates” can directly integrate into your inventory, point-of-sale, payroll, and other bookkeeping systems. Every time you make a transaction, your accounting systems are updated automatically. This virtually eliminates the possibility of human error in data entry.

3. It Could Provide Expert Review: Virtual outsourced bookkeeping and accounting isn’t done totally by computers. There’s a CPA to review the entries and check the errors. There are plenty of aspects in accounting where minor errors are hard to spot without extensive accounting experience. If your CPA sees something that doesn’t look right, he or she can investigate further to see if an error was made and where it occurred. Ultimately, this offers you a peace of mind that your books are accurate.

If you are a small business, and if you find it difficult to manage your books or other accounting related tasks, then it is advisable to go for outsourced accounting services from a company like Affinity Associates. The team of accountants at Affinity Associates has a much broader range of expertise available that can help your business grow.

If you want to know more about the advantages of the outsourced accounting services, then Affinity Associates is here to assist you. Please contact us for a “Free Consultation on Outsourced Accounting and Bookkeeping Services” today at https://www.affinityassociates.com.