The accurate preparation of annual, or statutory accounts remains a cornerstone of any accountancy practice and here at JMB we take care of everything on behalf of our clients, from preparation to HMRC submission.
When it comes to compliance, you’re in very safe hands.
Accounts can look quite confusing, we help you understand them by breaking 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.
As many of our clients use us for providing management accounts also, the annual accounts fee is discounted to allow for the fact that most queries will be sorted throughout the year. This means also that the annual accounts can be completed fairly quickly once the year end has been reached.
For stand alone annual accounts, we aim to turn these around within 90 days, but much depends on when we receive the paperwork, the time of year and how we receive the information. A fee proposal will set out the guidelines and relevant fees before we start work so there are no surprise bills.
The Annual Accounts process includes everything from the preparation of the accounts to the final submissions at HMRC and Companies House if relevant. We keep you updated with progress and the potential tax liabilities.
Other add on services can be included such as cash flows and budgets.
If you are considering a move from your current accountant, we make this process as easy as possible to ensure a smooth transition.
Call us today for a no obligation informal chat.
Some of our services might be described as ‘a necessary evil’, those legal requirements that keep you and your business on track with HMRC and ‘the VAT Man’.
Management Accounts are a little different but just as vital to your business, accurate reporting will allow you to know exactly where your business is placed, making sure that you are positioned to react with confidence should an opportunity arise.
Management Accounts are all about ‘knowing your
numbers’, cash flow, profit and loss, balance sheets all combining to provide an accurate picture of your trading position.
Whether for growth or consolidation, it always pays to know your numbers.
Budgeting & Cash Flow Forecasts
We cannot emphasise enough the value to any business of accurate and up to date information for keeping on top of budgeting and cash flow.
Opportunities can be missed without access to true facts and figures, decisions taken without properly researched and accurate evidence can be costly.
Whatever your requirement, whether for a new piece of machinery, an expansion plan or a recruitment issue, it is vital that you base your decisions on sound intelligence.
Push the button or gently touch the brake, make sure the timing is right.
Monthly or Quarterly Reports
You may have noticed that we place a great deal of emphasis on accurate reporting.
Of course, not every business needs monthly reports. In fact, not every business owner wants monthly reports, they have enough faith in our services to know that we will be keeping an eye on all things accounts based and they simply prefer not to be in receipt of every piece of information.
However, regular reporting is your decision, we will adapt our service to your requirements, adding advice where appropriate and when deemed necessary.
Whether you prefer them monthly or quarterly, our reports are clear, jargon free and consistent.