Every business also requires annual accounts. Only by preparing these accounts can the owners be fully aware of their trading position and fulfill their statutory obligations.
Sole traders and partnerships
By compiling the year end accounts we are able to help analyse the financial data and compare it to previous years.
Then by discussing the margins and variations with the owners, we can look strategically at the business and identify growth and cost cutting areas, as well as linking in to any tax planning opportunities that may arise.
Companies have the responsibility to prepare accounts in accordance with the Companies Act and accounting standards. In addition, for small and medium sized companies, abbreviated accounts can be prepared and filed at Companies House within the necessary deadline periods.
We will prepare the Corporation Tax computation, calculate the Corporation Tax liability and prepare form CT600 for submission.
We will also have in-depth discussions with management, reviewing both the accounts and business systems to help our clients to control and grow their businesses.
