Secrets SAVE ON TAXES – R R Accounting Birmingham

RR Accountants Birmingham has been taking care of our accounts since last 20 years. Whatever changes or business decisions we have made over the past number of years, Iftikhar Rashid and his team have been there to offer timely advice and support. From preparing our annual accounts, to employee payroll and all other one-off questions and queries throughout the year- Iftikhar Rashid and his dedicated team have given us 100% support. As small business owners, this company consistently delivers a first class service at very reasonable fees. Iftikhar Rashid personally has taken the time to get to know us and understand our business sector. We genuinely look forward to visits from our accountant! We wish this firm continued success in the future; we certainly hope to be clients of theirs for many years to come! 

Francis Daniels, Aylmers Rest Bar & Restaurant 

I am very satisfied with R R Accountants Services Birmingham who provides accountancy services and advice to me, in a prompt, professional, and clear manner. As a Taxi Driver, I rely on Tony to keep me Tax compliant and in so doing ensure that my relationship with Revenue is professional, and reporting is completed and filed correctly and in a timely manner.

Minto Achmed, Taxi Services

I used a shoebox for my receipts. Bookkeeping was a constant headache"Yes, as a self-employed Farmer, I used a shoebox for my receipts. Bookkeeping was a constant headache causing me stress and anxiety the further I fell behind. I was trying to keep up with the books on Saturdays and began missing family events…and not enjoying my job as a self-employed person. RR Accountants Services in Birmingham experience has been fantastic. I spoke to a live person to set up my chart of accounts and then they quickly walked me through the very simple way to use the app. Basically just take a picture of receipts. No more bookkeeping stress for me, and now I receive regular reports detailing how much I’m spending and making. Well done Iftikhar Rashid."

Robert Longe, Farmer

With R R Accountants LTD the handcuffs are GONE"As a small business owner, I was spending way too much time working in the back office of my business vs trying to improve value of my service. It’s a very difficult balance. I knew I wasn’t capturing all of my expenses and deductions and I was constantly worrying about how much I would owe in taxes. With R R Accountants in Birmingham the handcuffs are GONE! I’m officially retired as a bookkeeper.

Starting Your Own Business – RR Accountants

Who We Are:

We are several entrepreneurs that have started, run, fixed, expanded, and enhanced businesses. We have been through the ups and downs of the entrepreneurial lifestyle and understand it well. Once it gets into your blood, its always there, you will either love it or hate it but either way it stays with you.

We have had successes and failures throughout our careers and have helped many entrepreneurs like you get started in business. We have learned from past mistakes and were thankful for our successes, which we learned from as well. We understand the amount of work it takes to start a business and make it successful regardless the size of the business. For this reason, we have developed this unique, sequential, time sensitive, step by step process with different packages to serve each level of entrepreneur. 

Each step is designed to enhance the chance of success in your new venture in addition to avoiding very costly mistakes. We are here for you each step of the way. We wish you the best of luck while you fulfill your dreams and make your new venture a success! 

Focus: R R Accountants LTD Professional Business Startup focus is on the serious minded entrepreneur who is starting a small to medium size business; the entrepreneur who dreams of having their own business, financial freedom and the independence to direct their lives and businesses as they choose.

RR Accountants LTD will give you the tools and support to make your dreams come true. Let us give you "Your Road Map to Success"!

Mission Statement: It is the mission of RR Accountants LTD to support, assist, and provide the tools to every serious minded entrepreneur to maximize the chance of success in your new venture!

Advantages of Outsourcing Bookkeeping For Small Business

Simply bookkeeping is the recording of financial transactions. Transactions include sales, purchases, income, and payments by an individual or organization. Bookkeeping is generally performed by a bookkeeper. Bookkeeping should not be confused with accounting. Every business necessitates bookkeeping method.





If you have a small business, you will require a reliable, sequential and perfect small business bookkeeping services so that information is always available and reliable whenever it is required. Various companies today are making a go to outsource works to offshore destinations for the reason that it provides a more reliable and perfect method of handling small business bookkeeping.

Outsourcing companies who are dedicated to handle such professions for bookkeeping services use the best available technology solutions and accounting packages to distribute reliable results. There are various advantages of outsourcing your small business bookkeeping services. Outsourcing assures you that special concentration is given to your background operations and you can focus more on your core business.

Advantages of outsourcing bookkeeping services:

• Reduction in operating expenditure 
• High data correctness 
• Professionals with chartered accounting certifications 
• Practical and flexible approach 
• High Confidentiality and security 
• Improves customer service 

Provide most proficient and successful small business Bookkeeping and Accounting solutions

R R Accountants LTD outsourcing your small business bookkeeping method comforts you that you have a qualified bookkeeper who is proficient to manage your books in the most resourceful and productive way. They can simply find errors and recommend corrective actions right away. Also if you prefer to outsource your small business bookkeeping method, you are secured that your books are constantly reconciled monthly with the bank statement.

Responsible small business owners recognize that outsourcing their small business bookkeeping method will assist maintain their business on top of its competition and they can easily watch how the business is succeeding.

R R Accountant to Help Keep Your Books Straight - Tax Preparation in Birmingham

While it may not be hard to find R R accountant, finding one with the experience and the knowledge that we posses is not such an easy task. Our staff of CPAs and bookkeepers boasts some of the most impressive resumes in the industry. No matter what your bookkeeping needs are, we are the
R R accountant service you have been looking for. Because we have been around for many years, we have been able to successfully build up an impressive list of clientele from all walks of the business world including:
* Attorneys
* Doctors
* Clubs and Associations
* Contractors
* Sub-Contractors
* Consultants
* E-Commerce
* Franchises
* Retail Stores
* Many More 

We specialize in small to mid-sized businesses and we know that as a business owner, you have more important things to keep you occupied other than your bookkeeping. Each R R accountant on our staff understands the ins and outs of bookkeeping and tax preparation service, and everything else accounting in Birmingham. Some of the areas we cover include:

* Business Accounting
* Bookkeeping
* Outsourced Bookkeeping
* Bank Reconciliation
* Accounts Receivable
* Accounts Payable
* Bookkeeping Clean Up
* Income Statement
* Balance Sheet
* General Ledger
* Custom Reports
* Daily Money Management
* Tax Preparation
* Much more

When you know that your R R Accountant service is on the ball, you are then able to take a deep breath and focus on the task at hand; namely, growing your business. There is no need for you to drive yourself crazy trying to keep your books in order, you have enough to worry about with the day to day of your company. Let our R R Accountant LTD accountant experts do the bookkeeping and accounting for your business so you can rest assured that the job is being done properly.

Call Us Today 0121 766 5477 and Meet Your New R R Accountant in Birmingham, UK

How you can handle your Tax Return Preparation?

Most people consider that preparing tax returns is not an easy task because you have to deal with various documents, forms, receipts, credits and deductions. And therefore, people often seek helps from the professional CPA for preparing and filing their tax return.

It is beneficial to do taxes with the help of Professional accountant or professional CPA because they are in habit of doing the task accurately and always keep themselves updated with the latest tax laws and news. If you have complex tax situation, they are the best option for doing your task but it may be costly.

Will you spend money for getting your return file prepared and filed by a CPA or accountant if you can do it yourself for free Yes, now tax preparation has become easy and even free. The best option for getting your return file done is to use Free File option provided by the IRS but you have to qualify for it.

You should have your income (AGI) limit up to $57,000 for being eligible for this free file option. You do not have to get frustrated or confused is you are not eligible for Free File program, you can even search for online tax return preparation services available which are supported by the IRS. You do not have to struggle hard to find out such companies that offer return file preparation for either free or for some charges.

You can either take help from the popular search engines or just visit the IRS website to choose a fine IRS approved company. So, choosing a reliable online tax preparation company is main thing for doing your task easily and quickly.

Most companies offer fine customer service where you can make 24/7 communication via email, chat, or phone. Using online services is not a confusing thing; you need to just follow the step by step instructions. If you are in habit of doing online banking, you will find it quite easy to perform your task. 

R R Accountants one of the best accountants firm in Birmingham, UK. This December brings us to the 12th year R R Accountants has handled our accountants processing. We will help you enter your information into the right forms via presenting certain questions regarding your personal as well as financial details.

If you do your taxes with the help of reliable professional accountants at rraccountants, you do not have to worry about choosing forms claiming deductions. We will choose appropriate forms for you and also facilitate you decide deductions suitable to you. With the help of easy tax deduction search option, you can do it easily.

Moreover, you rest assured that your return file is accurate because most software support error-check feature that will alert you if there are some mistakes. All the math and calculations are done quickly and easily. So, look for an IRS approved online tax return preparation service and do your task accurately using the right information.

Learn - A Better Bookkeeping Service Part - 2

Thus the concept of a 'trial balance' is born: If one lists and adds up all the debit(+) balances from the pages in the ledgers, the total should be the same as the sum of the list of all the credit(-) balances from those books.  This check is the primary purpose of a trial balance. In a single column, of course, the debits and credits will therefore sum to zero, and this is sometimes how a trial balance is presented, rather than the more traditional 2-column 'debit/credit' approach. So, the art of double-entry bookkeeping is to keep the debits and credits in balance; if you make a debit entry you must make an opposing credit entry of the same value. 

The (positive) debits in this system of accounting are the assets and the expenses, the (negative) credits are the liabilities and the income. At first, these pairings seem strange, but they work to keep the books in balance.  This is because the income less expenses makes up the 'Profit and Loss Account' section of the trial balance, and the assets less liabilities make up the 'Balance Sheet' section of the trial balance. For example, if you sell some goods to a customer for £100, that you purchased from a supplier for £80, the double-entry is as follows:   

 Debit : Purchases (in the nominal ledger) £80    

Credit : Supplier account (in the purchase ledger) £(80)    

Debit : Customer account (in the sales ledger) 100    

Credit : Income account (in the nominal ledger) £(100). The trial balance then extracted from this trader's ledger books is as follows:     Income - Sales £(100)    Expenses - Purchases of goods £80    Assets - Debtors in sales ledger : £100    Liabilities - Creditors in purchase ledger : £(80)Once the customer has paid for the goods, and the supplier has in turn been paid, the entries required are:    

Debit  : Bank account

£100    Credit : Customer account (in the sales ledger) £(100)    

Debit : Supplier account (in the purchase ledger) £80    

Credit : Bank account £(80)The trial balance then extracted from this trader's ledger books is as follows:    

Income - Sales £(100)    Expenses - Purchases of goods £80    

Assets - Bank account (in the nominal ledger) : £20    

Assets - Debtors in sales ledger : £nil    Liabilities - Creditors in purchase ledger : £nilAs can be seen, each entry 'balances' in its own right (and is called a 'journal entry' to the ledgers), and therefore a 'trial balance', of equal total of debits and total of credits, is always maintained (summing to zero).In this example, the profit of the business is £(20), measured as a (negative) net credit amount and this is represented by net assets of £20 held in the business.

For more detail about Bookkeeping, payroll and account management services Please visit R R Accountants Website

Learn - A Better Bookkeeping Service Part - 1

Introduction to double-entry bookkeeping

The first thing to appreciate is that many people first encounter 'debits' and 'credits' by having a bank account; but these terms are used from the bank's perspective and not from that of the account holder. So, when you pay money into your account, you are in fact lending your money to the bank and they say 'you are in credit'.  The bank has a creditor - you - to whom they owe some money.  But from your perspective, you have a debtor - the bank - who owes you money. The bank has a liability (a creditor, a debt)

and therefore you, the account holder, have an asset (a debtor). In other words, to say

 'I am in credit' when you have some money in your account, is technically incorrect in bookkeeping terms.

This is because the language of double-entry bookkeeping is spoken in the 'first person' for whom the records are being maintained, and not the bank's.  So, if a business has some money in its bank account, it is not 'in credit'; rather, as we have seen, it has an asset which is a debit balance.  So the business is in fact 'in debit' with the bank.

 The double-entry bookkeeping system in universally credited to Luca Pacioli (http://en.wikipedia.org/wiki/Luca_Pacioli) 

who in 1494 published the book "Summa de Arithmetica, Geometria, Proportioni et Proportionalità" containing a 27-page treatise on bookkeeping.  However, perhaps the earliest evidence of Double-entry bookkeeping is found in the "Farolfi ledger" of 1299-1300. 

Business transactions were recorded using this method by early traders because it was a reliable means of easuring profits and recording cash owed from customers and to suppliers.  The 'books of ccount' (books) of a trader consisted of separate pages for each account, bound together in 'ledgers'.  Typically, there was a 'sales ledger'; recording sales to and monies received from customers (and therefore a means of establishing balances owed from them), and a 'purchase ledger'; recording purchases and monies paid to suppliers (and therefore a means of establishing balances owing to them). All the other pages required to record expenses and balances for bank, stock and assets used in the business were grouped into a third book, called the 'general ledger' (or 'nominal ledger').  Each of the pages in these 3 ledgers would have a separate debit and credit column to record the

transactions, as each occurred. The mantra of 'every debit has an opposing credit' is

central to double-entry bookkeeping. 

For Better Bookkeeping Services in Birmingham Click Here.

R R Accountants - Accounting Services in Birmingham Yardley, DUDLEY and StratFord

R R Accounting & Bookkeeping Services from VAT returns to Self Assessment in Birmingham, Yardley, DUDLEY and StratFord, we can help. With us taking on your companies' accounts, you can concentrate on building and running your business without worrying about your bookkeeping and taxation responsibilities.

Our service is flexible and friendly, providing honest and frank advice and providing a reliable hand on your accounts. Among the services R R Accountants LTD Accounting, Bookkeeping services in Birmingham, Self Assessment and Payroll Services can offer;

Taxation advice

ATAnnual returns

Payroll Bookkeeping Sage accounting

Personal taxation

Business start ups

Self assessment and more.

Call us 0121 766 5477 today to find out more about our services or to book your free initial consultation. You can call us on the local number above or either of our two other numbers

01217 712 122 

01384 230 706

Alternatively you can email using the form on our 'Contact Us' page. We look forward to hearing from you.

You're looking for Accountants in Birmingham, Yardley, DUDLEY, StratFord to help you with your accounts or bookkeeping, call R R Accountants LTD. Our dedicated and highly trained teams have the knowledge and experience to take on any accountancy problem. We are happy to work with clients across Birmingham, whether you're a small business, partnership, sole trader or a limited company. With our expertise working for you, you can rest assured that your accounts are in safe hands.