Annual Accounts are required by HMRC if you operate your business as any one of the following;
- Sole Trader
- Limited Liability Partnership (LLP)
- Limited (LTD)
If you are an LLP or an LTD you are also required to file Accounts with Companies House.
The regulatory framework for reporting and various accounting standards are constantly changing.
Keeping up to date with the reporting requirements for your Accounts can be time consuming and burdensome. We can undertake these services for you, ensuring your Accounts are prepared in line with the latest disclosure requirements.
In order for us to prepare your Accounts in the most cost effective way for your business we will give you guidance on the best method for keeping your books.
The methods will take into account your lifestyle and personal preferences to ensure they are regularly maintained.
We aim to fully understand your business in order to advise on the tax savings available to you and the best structure for your entity.
We will meet with you to explain your accounts and to highlight any issues or opportunities that are present before you sign them off. Depending on your business structure we will then submit them to Companies House and HMRC on your behalf.
Accounts can be produced on a more frequent basis such as quarterly or half yearly for management purposes or in connection with a raising finance.