All limited companies have a legal obligation to submit annual accounts to Companies House nine months after the end of their accounting period.
Sole Traders and partnerships need to prepare accounts annually to calculate the business profits for the year and therefore the taxable income which must be included in their Self Assessment and Partnership TAX Returns. These must be submitted to HM Revenue & Customs by 31 January each year.
We will contact you each year to remind you of the relevant deadlines for your business and to request the information that we need to prepare your accounts. It will typically take us four weeks from the date we receive your accounting records to the date you receive draft accounts. Draft accounts will include a detailed written analysis of the accounts, identification of all areas of risk and constructive advice on the profitability of your business. A meeting is normally arranged to discuss the accounts and to plan the way forward for your business.
We also offer services for the AUDIT of accounts as well as the INDEPENDENT EXAMINATION of Scottish Charities and Scottish Charitable Incorporated Organisations (SCIO’s).
The cost of accounts preparation by our firm is very competitive and probably less than you actually think. Why not CONTACT US today to find out more?