| What is Remote Accounting? | | | | that their affairs have been dealt with in a |
| Remote Accounting is becoming increasingly | | | | professional manner. |
| popular among UK based businesses as it provides | | | | This is where Remote Accounting is at its most |
| a number of advantages to the busy owner | | | | useful. Remote Accounting provides all the |
| director/partner. | | | | benefits that the business requires but without |
| The main advantage of Remote Accounting is of | | | | any of the expensive extras that it does not |
| course cost. Every meeting that you have with | | | | require. |
| your accountant goes onto the time sheet and is | | | | A typical Remote Accounting contract would be |
| charged at the end of the year, t5hat chat over | | | | less than half the price of the same work being |
| a cup of coffee could end up costing you a lot of | | | | performed through a high street accountant. The |
| money. Even the Accounting Firms that provide | | | | business owner would mail (or email) his receipts |
| fixed fees always build in a cost for the personal | | | | and expenditure records every 1 or 3 months, |
| meetings and the phone calls and letters that | | | | maybe yearly if VAT is not involved. The |
| invariable arise during the year. | | | | Remote Accountant would then prepare the year |
| However there are many businesses out there | | | | end accounts, calculate the tax liability and write |
| that do not require this level of service, they are | | | | to the business owner advising them of the |
| run efficiently by their owners and do not have | | | | amount of tax due and when it should be paid, all |
| tax complexities or massive year to year | | | | tax returns would be made online by the Remote |
| variations, indeed all these businesses require is | | | | Accountant and the business owner left to |
| their accounts prepared at the end of the year, | | | | concentrate on what they do best, run their |
| their tax calculated correctly and the reassurance | | | | business. |