It may be a radical thought, but accounts produced for statutory purposes can also be put to good use within the business!
Whilst they are an historic document, containing what is effectively out of date information, the figures are a starting point for decisions about the future direction of the business, to see how you are progressing towards achieving your goals and of course their prompt completion can give you the chance to make improvements before another year has rolled by.
We will prepare your accounts for Companies House and for use in the calculation of the Company’s Corporation Tax liability, or for your Partnership or Self Assessment Tax Returns. Our goal is always to ensure you retain as much of your hard work as is possible and that as little information as possible about the business is put into the public domain.
We will also nag, cajole and harass clients, in the nicest possible way, to ensure that the relevant deadlines are met in good time, giving us the maximum opportunity to ensure any tax liabilities are minimised, and the maximum time for you to plan for any payment that may become due.
Once the accounts are prepared, it’s essential that you understand their content. With that in mind, we always offer a review meeting to discuss them, your current challenges and how the business is currently progressing. Regular conversations enable us to offer you maximum value, and for you to get the best return on the investment in our fees.
Want to know more? Get in touch now and find out how we can make the whole process of year end accounts far easier and more relevant.
There are key actions that need to be considered before your year end to make sure you don’t miss opportunities to save tax, or to maximise your profits:
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Are your accounts fit for purpose? – Most businesses have Accounts created for one reason; to work out how much tax they’ll have to pay. That’s fine, but before your Accountant starts work, they should understand your plans for the future. Your Accounts need to be fit for purpose!
BaranovTV – Why Management Accounts are relevant to every business – Many business owners think that Management Accounts are for big businesses, but that’s not the case! Watch this to find out how Management Accounts are relevant for even the smallest business…