ACCOUNTING Smart accounting solutions for your business...
Whether you are a sole-trader, partnership, charity or not-for-profit organisation, accounts preparation is an essential requirement for every business.
Accounting for all business types
Whether you operate as a sole-trader, partnership or limited company, accounts are vital for a successful business, not only to comply with HMRC but also to track performance and increase profitability.
We offer a complete range of accountancy services to small and medium-sized businesses to relieve you of the administrative burden of complying with tax legislation and to help you minimise your tax payments.
Areas of accountancy we cover
Why do I need an accountant?
Having knowledge of your financial situation is essential to running a successful business. An accountant will help to gather all information and then process it correctly in a timely manner. This will mean you have more time to focus on growing your business.
What does an accountant do?
An accountant will help you to record all purchases and invoices on software to comply with ‘Making Tax Digital’ meaning you do not have to worry about learning the software yourself. You accountant will help you to ensure that all paperwork is filed promptly so that you are not liable to any penalties because of submission deadlines.
Your accountant will help you to process VAT returns, file your self-assessment paperwork, process payroll and comply with laws and regulations so you do not have to worry about being ‘in-the-know’ yourself.
Financial planning helps you to know whether you are able to invest in the future, can take on more staff, have the money to pay tax bills, should invest in a new project or whether a project will be viable.
Having an accountant will mean you can plan the future of your business based on accurate and relevant data to enable you to make informed decisions that are right for you and your business.
You will always be able to have an idea of the performance of the business by having an accountant which means no nasty surprises at the end of your VAT quarter or financial year end.
Many companies need some form of accounts preparation be that you are a sole trader and need to submit your self-assessment, a limited company and need to submit your Companies House paperwork or you just need to send paperwork to HMRC.
The terminology on this paperwork can be very confusing but by having an accountant you will ensure that your accounts preparation is done in a timely manner, accurately and correctly. If you have an accountant, you will not need to worry about learning the ‘lingo’ you can just pass the information to your accountant and they will do it all for you.
If your accountant also does your payroll and bookkeeping, they will already have the majority of the information they need.