Outsourcing

Many businesses are unable to devote their full attention to their core operations and areas of expertise due to the increasing requirements and changing rules and legislation that accompany the need to provide payroll, accountancy, VAT and tax information.

Providing these functions ‘in-house’ can be a costly drain on the resources of a business, both in terms of time and cost. The need to provide qualified and experienced staff to fulfill these roles can be an expensive overhead for a lot of businesses, eating into the profitability of your operations.

Alternatively, for the smaller enterprise who may not have staff dedicated to these roles, devoting management time to these areas draws them away from their areas of expertise, meaning that the main business operations may well suffer as a result.

From our observations and business experience, MAS Associates began to provide specialist business support services in 1999. Outsourcing your payroll and book-keeping functions is the cost effective solution, freeing staff and management time to devote to your business and saving on the need to employ dedicated staff to these roles. Releasing these resources from accountancy and payroll enables them to be redirected into areas where they can deliver more added value. Outsourcing your accountancy and payroll functions with MAS Associates will leave you free to concentrate on your core business activites and therefore enable you to deliver a more efficient customer service.   Our VAT and tax return service releases you from the time spent ‘form filling’ when you could be using this time running your business.

We provide a full range of accountancy and payroll functions, from book-keeping services through to year end accounts and tax returns, and payroll processing through to online filing of year end returns. All our services are tailored to your needs, leaving you to concentrate on running your business.  

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Important VAT Return filing changes

VAT returns for businesses with a turnover of at least £100,000 will need to be filed electronically for all VAT periods commencing on or after 1st April 2010.Businesses will need to enrol with HMRC for this and will need a computer with internet access. MAS Associates are pleased to provide an electronic filing service at no additional cost to our clients. Further details about the changes can be found on HMRC's website at http://www.hmrc.gov.uk/vat/vat-online/index.htm . For further information about our free electronic filing service call us on 01543 683631.

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VAT Changes

The standard rate of VAT changes to 17.5% on 1st January 2010. The VAT fraction will revert to 7/47. There are also changes to reporting requirements for those businesses dealing with cross border transactions within the EEC. If you require assistance with making these changes please call us on 01543 683631. Further information can be obtained from the HMRC website by following these links: http://www.hmrc.gov.uk/vat/forms-rates/rates/rate-changes.htm for the standard rate change and http://www.hmrc.gov.uk/vat/cross-border-changes-2010.htm for the cross-border VAT changes.

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