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All businesses in the UK have to keep accurate business records. This is mainly to provide records for your business to HM Revenue & Customs (HMRC), in order to prove that you are compliant with legislation. You also need to maintain accurate and up to date business records to keep track of the company’s profitability. Recently, HMRC has introduced Making Tax Digital, now every company that exceeds the VAT threshold of £85,0000 has to keep accurate records using an online accounting package. We as a firm are 100% digital and the online accounting package called Xero comes highly recommend from us. The process of bookkeeping can be a time-consuming task, this is where a more popular solution comes into play. Why not instruct an Online Accountancy Firm? Online Accountants can deliver the same level of service to clients as a traditional accountant would. During these uncertain times, business owners have had to adapt to using video conferencing tools rather ...
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