ACCOUNTING AND PLANNING
Number crunching, planning and auditing can be painful or like sitting your exams! We can take that pain away and the following all for you on your behalf.
Book-keeping is an integral part of managing your business and requires dedicated time to actually do. It can be difficult to make sure you have covered everything as well as conduct your day to day business.
We are here to help and take away the headache of book-keeping and our skilled representatives will analyse your business books, receipts and bank statements to calculate cash flow, business returns and of course profit and loss so you don’t have to.
If you are self employed or your business status is a sole trader you will need to produce accounts. Without these accounts you may not be able to expand your business, create revenue streams; submit your annual returns and so much more. As certified practising and financial accountants we will be able to produce these for you and you can be secure in the knowledge that we are using up to date guidance to get the best for you.
If your thinking of becoming a sole trader (otherwise known as self employed) it’s good to discuss if this is the right course of action for you; for example some trades will only conduct business with business entities that have limited company status.
As a sole trader / self employed the business is 100% yours however you can employ people and will need to ensure the right process are put in place to do so.
For tax purposes your business and personal finances are considered the same therefore if anything goes wrong you will be personally responsible for any liabilities incurred.
As your business expands you can change your status to suit the company’s needs.
Contact us so we can talk you through the pros and cons and support you with your business venture.
If you have a registered company not only will you need your accounts to determine how much corporation tax and or VAT to pay to HMRC, you are also obligated to submit your business accounts to companies house which can be a bit daunting. But don’t worry we can do this all for you so call today for some advice.
Partnership returns are required when 2 or more people make an arrangement to set up a business together. Not only are the workload, assets and investments shared but also the profit and losses too.
In order to set up and maintain this type of business arrangement there are different criteria that will apply as well as differences in how financial matters are handled.
If you are thinking of setting up or currently have a business partnership we can help support you and your partners and of course guide you through the intricacies of financial reporting in every aspect.