Is having a set of accounts a necessity?
Most businesses are obligated to create business accounts, based on which HMRC decides how much tax you must pay. However, it is also a great tool for monitoring your business and identifying its strengths and weaknesses, as well as issues that need to be addressed. A well-crafted account and its proper analysis can benefit your business in ways you couldn’t imagine.
How is it done?
We carefully review your bookkeeping, which is the basis of the accounts, and then compile an account for you. You may order accounts as often as you want if you would like to receive frequent updates on your business. Generally speaking, large businesses order monthly accounts, while small ones are completely satisfied with annual ones.
Can I do this myself?
You can, but most businesses that decide to compile accounts themselves to save money end up paying more tax due to the mistakes that they’ve made during the compilation. In the end, it’s always better to have professionals do it for you, since this eliminates the risk of making a mistake in your account if you were to craft it on your own. We have devised a multi-levelled system of error checks to make sure that your accounts are in a perfect state.