Business services: annual accounts
Sole traders and partnerships are legally required to prepare annual accounts. Companies, limited liability partnerships and other bodies have extra responsibilities under the Companies Acts and other legislation.
Although this may seem like an extra burden on your business, we can help you turn this process into something much more: a valuable source of information to support planning and decision-making.
For a start, we’ll time your accounts to take best advantage of early tax planning opportunities.
We won’t redo work you have already done because we prepare the annual accounts from your underlying records, tailoring our work to how far you have been able to take the accounts yourself.
What we will do is give you feedback on your accounting systems, to improve the flow of your management information. Our own accounts software links to our tax software, to maintain speed and accuracy in dealing with your accounts.
We’ll make sure that your accounts comply with best accounting practice and present them in a professional manner. This reflects well on your business if you need reports for your bank, potential investors or other financial bodies, while your accounts themselves also demonstrate the financial integrity of your business.
Your contact director will discuss the accounts in detail with you, exploring tax and tax planning issues, as well as any other topics you wish.
We’ll also identify strengths and any unexpected trends within your accounts and suggest solutions if we find areas where your business and its performance could be strengthened.
To find out more about how we can help you, please contact us.
