Accounts are needed for a variety of reasons. Statutory accounts obviously need to be prepared and filed annually by corporate entities; accounts need filing with tax authorities, management accounts provide useful information for running a business.
Our accounting services cover all aspects of accounts preparation for limited companies, sole traders and partnerships.
We can also undertake variance analysis and obtain meaningful information from the accounts so you can make informed decisions about your business.
We focus on ensuring that the preparation of the accounts is as smooth a process as possible. We can visit you to carry out the work, or you can send the records to us.
Since 31 March 2011, there has been a fundamental change in how corporation tax returns and accounts have to be submitted to HMRC.
Now, the return and accounts have to be submitted with electronic tags attached to the data so that HMRC can automatically process the information. This set format is called Inline Extensible Business Reporting Language, or iXBRL for short.
Paper returns and accounts are no longer accepted, and even accounts prepared in MSWord or MSExcel have to be tagged.