Aside from accounts being a legal requirement, as a business you can benefit greatly from carefully considering the information within your set of accounts. Accounts can tell you how well your business is doing and may highlight areas that need to be addressed. For example, if you sell products or offer a service and your accounts show that your margins are too slim you may decide to increase your prices or negotiate harder with your suppliers to increase profit and keep your business healthy.

Before we start work on your accounts, we will thoroughly check the bookkeeping to ensure that there are no mistakes or omissions. From your bookkeeping records we then produce a set of ‘working papers’ which will be used to make all the necessary calculations required to turn the bookkeeping figures into a full set of accounts. Once you are happy with the accounts, and any amendments have been made, the tax return is produced and submitted to HMRC.