FAQs

Frequently Asked Questions

Yes, our bookkeeping services are covered under our AAT license. At Eastbourne Accountants we understand how important it is for businesses to use qualified and trusted bookkeeping and accounting services, when you choose us you can have complete peace of mind that all of your financial records will be recorded efficiently, effectively and most important accurately.

We have a range of clients from Dormant Company's with no income who are looking to protect their name, to start ups and side hustles making small revenues less than £10,000. We also have 'small' clients - usually one man bands - under the VAT registration threshold turning over less than £85,000. Our medium sized business's can range anywhere from £100,000 to £5m. In summary, we like to build personal relationships with our clients, and find this hard with large entities with sales over £10,000,00. Our key focus is therefore SME's that we can help grow and work close alongside.
We have a range of solutions, bespoke and tailored to our clients needs, where records can go from:
  • A 'full' package of gathering banks statements, invoices and receipts at year end and collating the book-keeping from scratch
  • In house monthly/quarterly bookkeeping prepared by us into the year end compliance stage
  • Taking clients pre-prepared data from accounting software like Xero or Quickbooks to prepare the accounts.
Accounts that we prepare always go through a meticulous tax planning stage included in the fee to ensure all available expenses are claimed, and all avenues of tax relief have been investigated. All accounts prepared by us include a meeting to discuss the numbers - included free.
Filing deadlines are dates set by HMRC/Companies House that you must submit certain documents by. If you are a client, you can log in to our client portal here where you will see each of these, otherwise they usually are:
  • Company Accounts - 9 months from the end of the Company's year end
  • Corporation Tax Payment - 9 months + 1 day from the end of the Company's year end
  • CT600 Tax Return - 12 months from the end of the Company's year end
Its worth noting that if its your first year, these will be 18 months from your incorporation date, not your year end.
Yes! We fully recommend this because then we have full visibility over your affairs to ensure nothing is missed in terms of tax planning opportunities, and all paperwork is filed on time with no penalties. Our full list of Limited Company Services include:
  • Year End Accounts
  • Corporation Tax Return
  • Company Secretarial
  • Registered Office Address
  • Payroll
  • Directors Tax Return
  • Tax Planning
  • Bookkeeping
  • Support

The main role of our bookkeepers is to process and record the financial information and transactions for businesses. With our bookkeeping services you can trust that income and expenditure will be accurately recorded so your VAT returns can be paid on time, your books will be ready for a HMRC audit at any time, and you can focus on the important things like driving more profit and cash flow into the business.

Double entry bookkeeping is essentially a type of bookkeeping. Double entry bookkeeping is a system where every entry into an account has a corresponding and opposite entry into a different account. Essentially, double entry bookkeeping has two equal and corresponding sides known as debit and credit. For example, if you borrow money from the bank the asset cash for the business will increase, but the liability notes payable will also increase.  If you would like more information on double entry bookkeeping, be sure to get in touch with a member of our team today.

Filing deadlines are dates set by HMRC/Companies House that you must submit certain documents by. If you are a client, you can log in to our client portal here where you will see each of these, otherwise they usually are:

  • Self Assessment - the following 31 January (i.e. 5th April 2021 tax year must be filed by 31 January 2022)
  • VAT Returns - 1 month and 7 days following the period end (i.e. 30th September must be filed by 7 November)
  • Company Accounts - 9 months from the end of the Company's year end
  • Payroll - On or before a payment is made to an employee under RTI (Real Time Information)

Having provided bookkeeping services to clients throughout Eastbourne, Brighton and Hastings and the surrounding areas for a number of years now, we have developed an excellent reputation for the professional and skilled services that we offer.  What’s more, as a professional accountancy firm we can help with all of your bookkeeping, VAT returns and payroll needs. Our qualified and skilled team have undergone the necessary training to provide efficient and effective bookkeeping services for you.