Every business needs to prepare accounts.
These may be just annual accounts to provide figures for your tax return or for filing at Companies House, or management accounts monthly or quarterly to reassure you and your investors that the business is achieving the planned results.
Whatever your needs we can advise and assist in ensuring that your bookkeeping systems are designed to provide the information you need, and that you can use this to create meaningful management or annual reports that will both satisfy legal requirements and be a valuable tool for managing your business.
We have many years experience with all types of manual and computer accounting systems and can assist in selecting and setting up the best one for you.
When it comes to interpreting the results, be that at the year end or more frequently, we firmly believe that clients should fully understand the meaning of their accounts with information which is jargon free, understandable and useful.
We make full use of IT systems to prepare and manage accounts and we are at the forefront in electronic submission of information to satisfy all statutory filings.
Whether your business operates as a sole trader, partnership or limited company, you will have to satisfy statutory filling requirements for tax. HMRC are pursuing a policy of tightening filing deadlines and encouraging electronic filing either by incentives or compulsion. We have many years of dealing with these systems and will always ensure that our clients never miss a deadline, provided we receive the necessary information in good time.
When contemplating a business change or expansion or taking on a new project it is always wise to consider the possible tax implications at the planning stage. While it is never appropriate to let the tax tail wag the dog, decisions on business structure and timing may have unforeseen consequences if taxes are not taken into account from the start.
In today’s economic climate, business lenders will not consider any advance without a fully worked business plan with budgets and cashflow forecasts. Our long experience in dealing with the requirements of banks and other lending institutions is available to clients to advise and assist in the preparation of professional, informative and credible finance proposals.
Although the first post of call for finance is usually the client’s existing bankers, we have many potential sources of finance we are happy to approach on clients’ behalf.