Annual Accounts

Up to Date Accounts

Whether a Sole Trader, Limited Company or a Partnership, accounts are vital for a successful business, not only to keep HMRC happy but also to track performance. The more up to date accounts are, the better, so corrective action can be taken if necessary. These are then readily available if required by a 3rd party, eg: to obtain a mortgage or loan. Knowing the tax liability at the earliest date can be far easier to deal with than knowing at the 11th hour!

Accounts come in all shapes and sizes, and if you need help understanding them, we can help break them down into meaningful chunks. We can also provide extra reports or summaries to go with the accounts to help summarise the figures in a format you prefer.

We aim to complete Annual accounts within 4 months of the financial year end date. This will depend on when we receive the records from you and your response time to any queries we might have, but assuming we have everything to hand and it is not in a particularly busy time such as December or January, the turnaround time should be about 30 days.

All Annual Accounts include the following:

Preparation of Draft Accounts
Discussion of Draft Accounts with you and amendments as necessary
Final Accounts and notification of tax liability
Completion and submission of Tax Return to HMRC
If limited – CT600 and Full accounts to HMRC, Abbreviated accounts to Companies House
Bound Accounts and Tax Planning Schedule
Reminders of tax when due date approaching
Communication with HMRC where relevant

Please call 01428 727313 for more information or to arrange a meeting, even if just to compare with your existing arrangement