The Accounting Company offers all businesses and the self employed preparation of financial accounts.
It is important to submit to the Inland Revenue accurate accounting information. The major reasons for having your accounts professionally prepared are:
1. The Inland Revenue expects accounts to be prepared in accordance with International Financial Reporting Standards (IFRS), these are protocols for dealing with different types of accounting entries. Preparing your accounts also enables us to apply other areas of expertise in identifying tax planning opportunities, making bookkeeping recommendations or spotting PAYE or TAX issues of which you may not have been aware.
2. Accounts measure the profitability of your business, knowing that they have been prepared to the above standards give confidence in using them as the basis for future planning. Outsourcing your accounts preparation frees up your time to allow you to concentrate on running and developing your business.
Professionally prepared accounts will have creditbility for your bank manager, your mortgage broker or when building relationships with important customers and suppliers.
In addition to producing the year-end accounts, we can also assist in the following areas:
• Preparation of monthly / quarterly management accounts.
• Assistance with budgets.
• Preparation of cash-flow forecasts.
For help and assistance with your accounts for the financial year please call us on (0113) 240 3227