One of our core services is the production of accounts.
As part of our service we would expect to meet with you at least once a year to review your results and consider appropriate planning for the coming year. We can help you understand your accounts and advise you on the way forward.
The production of accounts is central to tax planning as your business decisions have a direct impact on the tax you pay. With our guidance, we can help you pay less tax.
In addition to planning and advice, we also undertake certain checks to ensure the completeness and accuracy of the accounts. These include the review of payroll and CIS, VAT, debtors, creditors and the bank reconciliation.
We feel that undertaking these checks is becoming increasingly important as HM Revenue and Customs’ new penalty regime can expose you to significant costs, even when mistakes are innocently made.
Recently, during the course of our accounts production process for one client, we identified a number of unrecorded sales. However, our diligent approach also identified significantly higher expenses which in turn led to an overall reduction in our client's tax bill.