04/03/2025
Certified Xero Specialist (Accounting and Payroll) based 51 High Street, Lees OL4 3BN.
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Areas of Bookkeeping Services we Provide
Purchase Ledger, Accounts Payables
Manage accounts payable (bills, supplier payments)
Sales Ledger, Accounts Receivables
Track and follow up on accounts receivable (invoices, outstanding payments) Type up Sales Invoices and email
Bank Reconciliation
Reconcile bank statements with company accounts, Identify and correct discrepancies
Daily Reconciliations, using Bank Rules were applicable
We have extensive experience in bookkeeping for various payment platforms, including Klarna, Shopify, Opayo, Izettle, Stripe, and other card payment providers. I am proficient in reconciling transactions from these platforms, ensuring accurate financial records, and handling discrepancies efficiently. My expertise includes managing payment processing fees, chargebacks, VAT allocations, and integrating these payment systems with accounting software
Payroll Processing
Process payroll and ensure accurate employee payments
Calculate deductions and taxes, Submit payroll reports to HMRC
Pension Obligations
1. Auto-Enrolment Compliance
Ensure eligible employees are enrolled in a workplace pension scheme. Assess employee eligibility based on earnings and age. Provide statutory communication to employees regarding pension enrolment.
2. Pension Contribution Calculations
Calculate employer and employee contributions based on salary. Deduct correct pension contributions from employees' wages. Apply appropriate tax relief on pension contributions.
3. Submission & Payments
Submit pension contributions to the provider on time. Reconcile pension payments and ensure accuracy. Maintain records of contributions and deductions.
4. Re-Enrolment & Opt-Out Management
Manage employees who opt out of the pension scheme. Process re-enrolment of eligible employees every three years. Ensure compliance with re-enrolment duties and reissue statutory communications.
5. Reporting & Compliance
Submit pension reports to HMRC and the pension provider.
Ensure compliance with The Pensions Regulator (TPR) requirements.
Keep up-to-date with pension legislation changes.
CIS
1. CIS Registration & Compliance
o Ensure the business is registered for CIS with HMRC (as a contractor and/or subcontractor). Verify subcontractors with HMRC before making payments. Maintain records of CIS registration details for all subcontractors.
2. Deduction & Payment Handling
o Deduct CIS tax (20% for registered subcontractors, 30% for unregistered ones). Keep records of deductions made from subcontractor payments. Ensure the correct amount is paid to HMRC by the 19th of each month.
3. CIS Returns & Reporting
o Submit monthly CIS returns to HMRC by the 19th of each month. Provide CIS deduction statements to subcontractors. Check for any missing CIS submissions to avoid penalties.
4. Record-Keeping & Compliance
o Maintain accurate records of payments, deductions, and subcontractor details for at least 3 years. Ensure compliance with CIS reporting rules to avoid penalties. Keep payroll and bookkeeping software updated with CIS deductions.
5. Employer’s CIS Obligations (If Applicable)
o If the company is also a subcontractor, reclaim CIS deductions through the payroll system. Ensure correct tax treatment for payments received under CIS.
5. VAT & Tax Preparation
Prepare and file VAT returns Assist with tax calculations and compliance
Ensure adherence to tax laws and regulations
We Use Xero accounting software for bookkeeping and Dext/Hubdoc for Receipt Storage
