Accounts

All businesses need annual accounts prepared, whether the business is a sole trade, a partnership, a company or an LLP. We understand that as this is a requirement for HMRC and in the case of companies and LLP’s, also for Companies House, that clients would like this compliance service carried out for the minimum cost.

We therefore aim to prepare technically correct accounts as efficiently as possible. This allows us to focus part of our resources on those things which add value. The most obvious example of this is the time we devote to regular tax planning - making sure our clients pay the minimum legal amount of tax. As a result we generally bundle together the accounts service, the tax compliance service, and the tax planning service within one fee structure.

We are also experienced at preparing accounts for charities, flat management companies (including Landlord & Tenant Act reports), and management accounts.

In all cases it is true to say that the better the bookkeeping, the more efficiently we can prepare the accounts. We will therefore provide guidance wherever we can.

For the larger business, we include in the bundled fee structure our Business Performance Review pack. This provides all the Key Performance Indicators for both the current year v. last year, and it highlights areas for improvement. It also summarises the variances, as well as providing a 5 year summary for all the important figures from the accounts and the KPI’s. The pack also includes 3 pages of full colour graphs for an easy to read trend analysis.