The annual accounts are produced normally once a year when you reach your year-end and to compile these we will use your bookkeeping records and source documents.
The annual accounts form an integral part of your accounting records and are an essential part of your business management. Should HMRC look into your business affairs and decide that your records cannot be relied upon, they could set aside any information you have provided and set a tax bill for you based on their estimates – you would not be surprised to hear that these estimates can be significantly higher than estimated.
From these accounts we will then prepare the tax computation, ensuring that items such as the capital allowances are claimed, or indeed disclaimed, to your maximum advantage.
Accounts are not just a set of paper records they are the foundation of your business and by helping you to understand what your accounts mean, we can help you identify and prepare for the many business opportunities and threats that could arise during the lifetime of your business.