Preparation of your year-end accounts
Keeping your accounts in good order throughout the financial year is extremely important.
However, we understand that this is a task that can take up a lot of your time, and business owners often feel overwhelmed at the thought of it.
Our team of professionals prepare your accounts in a timely and accurate manner, meaning you won’t miss those crucial deadlines and incur unnecessary penalties.
Our aim is to ensure the process is as easy and stress free as it can be.
Keeping accurate and up to date annual accounts not only allows you to complete statutory returns to Companies House and HMRC, but they also allow you to see how your business is performing in real time.
This allows external organisations to see that your business is viable for finance and loan purposes.
Statutory accounts must include:
Why Accurate Annual Accounts Matter
Keeping your annual accounts accurate and up to date isn’t only about meeting legal requirements but also helps your business in many ways:
- Stay Compliant: Avoid penalties by ensuring your accounts are prepared correctly and submitted on time.
- Track Performance: Get a clear picture of your income, expenses, and overall financial health.
- Secure Loans & Investments: Lenders and investors need reliable financial records to assess your business.
- Make Informed Decisions: Understand cash flow, profitability, and growth opportunities with accurate figures.
- Reduce Stress: Well-maintained accounts make tax filing easier and help you stay organised year-round.
How We Make It Easy for You
We know that managing annual accounts can feel like a lot of work, but we’re here to take the hassle out of it. Here’s how we make the process simple and stress-free:
How to Get Started
Getting your annual accounts sorted with us is simple:
- Get in Touch: Reach out to us for a quick chat about your business and what you need.
- Send Us Your Records: We’ll let you know what documents we need, and you can send them over in whatever way works best for you.
- We Handle the Rest: Our team will prepare your accounts, keep everything in order, and file them on time.
- Review & Plan Ahead: We’ll go through the numbers with you, answer any questions, and help you plan for the future.
No stress, no last-minute panic, just accurate accounts, done right!
Frequently Asked Questions
Q: How much work do I need to do?
A: This is completely up to you. At Turas, we offer a bespoke service that can be tailored to the level of assistance you require. We can support you or do everything for you, it’s your choice.
Q: Do I need to file annual accounts with Companies House or HMRC?
A: You will need to file annual accounts with both Companies House and HMRC each year if you are a limited company. If you are a sole trader or partnership, the income is declared on a Self Assessment.
Q: Do I need an accountant to prepare annual accounts?
A: There is no legal requirement for companies to use an accountant to prepare annual accounts, unless the company is big enough to require an audit. There is a legal requirement to prepare limited company accounts in a particular way and format. Also, you have to use a third party software to submit the Corporation Tax Return to HMRC. Many business owners choose to use an accountant to ensure they are complying with all regulations.
Annual Accounts Made Simple
We handle your accounts with accuracy and efficiency. Stay compliant and make informed decisions.