Annual accounts are a statutory requirement for most businesses and necessity for many others.
There are different reporting requirements for limited companies, sole-traders and partnerships and we ensure that our clients are fully aware of their statutory obligations and deadlines and stay in touch to ensure these are met.
Clients will be asked to review their accounts before finalisation and this provides an opportunity for any questions or queries to be raised and answered. In our meeting we will explain the accounts, highlight any key variances in comparison to the previous year and look ahead to the next tax year and discuss any requirements or changes that can be made.
In many cases we also handle the bookkeeping duties of our clients on our modern, cloud-accounting software and can provide “live”, in-year reports of their business for those who want it. This can be vital in terms of tax planning and mitigating any potential tax liabilities.
Throughout the process accuracy and communication are paramount and we work alongside our clients to provide the most accurate, helpful and useful financial statements possible for them and their business.
And don’t worry, if you are simply looking for a once-per-year visit to submit your accounts for preparation then we will ensure you get the value you are looking for.