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More Than Just a Tax Return

At CFW Accountants we provide services you’d usually expect from an accountancy firm; tax returns and accounts. However, we’d like you to know that we can provide MORE than the usual!

In recent years running a business has become more onerous. More and more requirements are being put upon business owners, taking more and more time and focus away from what makes them profit.

The introduction of auto-enrolment pensions required most businesses with a payroll to set up and administer a pension scheme. While this benefitted employees, employers, and society as a whole, the administrative burden was placed upon the shoulders of business owners.

Being VAT registered requires VAT submissions to be filed under HMRC’s new Making Tax Digital (MTD for VAT) regime. Once a business becomes compliant with MTD for VAT, filing a return is easier and there are advantages from keeping a business’ accounting affairs digitally. Once again, the administrative burden falls upon business owners. Looking ahead, HMRC is introducing Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA). MTD for ITSA has been described as the biggest change to the UK tax system since the introduction of Self-Assessment in 1996, and with it comes a host of new and more regular reporting requirements for business owners. And once more, business owners have more to tackle.

Software providers have been busy creating new apps and tools to assist businesses to navigate these changes. These are proving to be easy to use, intuitive, clever and, give business owners information about their business which may not have been available before. Using apps and tools well does require new learning by users and time and money to ensure they remain up to date and compliant with Making Tax Digital rules.

How CFW Accountants can help you
And this is where CFW Accountants comes in. Providing more than the usual tax return and accounts services, our dedicated payroll department can take care of all administrative and processing requirements of a business’ payroll. CFW Accountants has an experienced team with a wealth of knowledge to take care of all your VAT, bookkeeping and management accounting needs, ensuring you meet all current HMRC requirements, and remain compliant within an ever-changing tax environment.

We work with businesses to complete VAT returns, undertake all bookkeeping, provide regular management accounts for a range of purposes and run payroll. We work with our clients and provide a level of support ranging from one-off questions through to undertaking all their day-to-day accountancy and tax needs.

If you are interested in outsourcing your business’ bookkeeping, VAT or payroll needs please contact us to find out more on or 01536 713555.

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