All you need to know about the available accountancy services for businesses

Are you starting out a business in Eastbourne, Sussex? If you are, then you have probably realised the importance of having an accountant to guide you from the beginning of the business plan implementation process. Most people have no clue as to which services accountants need to offer their business. This article aims at pinpointing some of the accountancy services in Eastbourne that business owners should know about and the steps to take before employing the accountant.

Three steps to take before employing an accountancy firm in Eastbourne

• Ask for a list of the responsibilities they owe to their clients- Various firms usually offer their services in packages. Thus, it would be in your best interest to read through the responsibilities that the accountancy firm in Eastbourne will owe your business, before contracting with them. This will also give you ample time to ask questions about any grey areas within the listed responsibilities.
• Extra charges on the accountancy fee - Most firms fail to disclose to their clients the extra fees that they may encounter when they agree to contract their services. Enquiring about this issue will keep you up to speed with whatever you are agreeing to.
• Ask for the client’s duties to the accountants- Make sure you enquire about the duties that you will owe your accountant. This will prevent any future disagreements between the accountant and the business owner and promote consistent growth as all systems will operate within their stipulated pace. They include:
• Provision of accurate information on time
• Provision of financial details such as invoices and claimed expenses, on time
• Accurate provision of bank statements and company residential details
• Meeting of statutory deadlines
• Communication of availability and mode of communication to the accountant

On a monthly basis, accountancy firms in Eastbourne will make sure that they help the owner submit their quarterly returns for VAT on time. They will run and provide monthly pay slips to the employees on time. The accountants will promote accountability by updating their bookkeeping records on a monthly basis. The following are some of the other available accountancy services in Eastbourne

• Business registration for VAT
• Bookkeeping on a monthly basis
• Business registration for Pay As You Earn (PAYE)
• They will help the manager set up a legal payroll system for their employees
• They will help the manager set up a bank account for the business
• They will advise you on a reasonable business structure that will best fit your company needs such as sole proprietor and partnership, among others.
• They will help the manager in terms of providing mortgage references or references in rental agreements on the premises.

There are very many accountancy firms in Eastbourne providing a wide array of services. One of them is Advanta Chartered Accountants. This firm provides excellent services to its clientele within Eastbourne, East Sussex and beyond. For more information on their amazing services contact them through 01323 411222 or info@advanta-ca.com.