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Accounts fall broadly into two categories:
Year-end accounts, for Companies House or for your self-assessment tax return
Daily, weekly, monthly or quarterly accounts to give you the information you need to manage your business effectively.
We specialise in providing accounts and reports for all these requirements.
Company accounts have to be prepared in accordance with the requirements of the Companies Act 2006. They also have to be submitted within nine months of your year-end (sometimes sooner in your first period of trading).
If you are trading as a Partnership or Sole Trader, then you will have to prepare year-end accounts in order to complete your self-assessment tax return. Self-assessment tax returns have to be submitted each tax year by the following 31 January.
But, accounts can do a lot more than this! In our experience, far too many businesses do not know how well (or otherwise) they are doing during the year, and as such they are missing the opportunity to make important management decisions to respond to changes in trade, costs, etc.
Accounts take on a new power when they are giving you clear, concise and up-to date information on how you are doing. We have a lot of experience in tailoring financial reports to give managers the key data they need to maximise returns, and we can do the same for you.