Whether your business operates as a Limited Company, a Partnership or a Sole Trader you will need accounts prepared – a key area of our accountancy services. Often businesses will see this as a necessary compliance cost that they need to incur in order to meet their statutory obligations with either HM Revenue & Customs or Companies House or both.
At HSC we will ensure your annual accounts are prepared in a timely manner to ensure you meet your statutory obligations however we hope that you also will find they provide valuable information to help you in your decision making and allow us to advise you of any tax planning opportunities that maybe available. Our team can also explain the accounts we produce for you in plain English so you can understand what the numbers actually mean.
With our help the accounts we prepare will allow you to see exactly how profitable and stable your business is, make good solid plans for the year ahead and use the information for making the right business decisions.
Our accounting service can be tailored to your exact circumstances. If you make use of a book-keeper we can work alongside them in producing your accounts. Some key points relating to our accounting service are:-
- Ensure Limited Company accounts are filed with HM Revenue & Customs electronically in IXBRL format.
- Ensure accounts are prepared under the correct accounting framework including the new FRS 102, effective from 1 January 2015 and the company takes advantage of any disclosure facilities that are available.
- Provide a benchmarking report to compare your businesses results with those in the same sector.
- Provide advice on approving your record keeping where required, including cloud accounting packages
Please see our management accounting page should you require your accounts to be prepared on a more frequent basis to assist you in your decision making.