At Bolton & Co, our approach is to communicate regularly with our clients throughout their financial year, discussing any issues that have arisen, together with future plans that may affect the accounts and tax position of the business. As your accountants, we aim to build a close relationship with you and your business.
Every UK business is required to complete accounts on an annual basis. Not only do they provide you with information about the profitability and stability of your business, they can also help when requesting finance, both personally and for the business.
These accounts are then used to calculate the amount of tax payable, based on the profits and other forms of income.
To prepare accounts, it is important that you have adequate records detailing the transactions your business makes. Without these records, this becomes extremely difficult, and failure to keep adequate records can result in fines being imposed.
It is in your business's best interest to keep your records accurate and timely. Doing so improves your business's chances of success, as you will be able to monitor your business more closely, and make adjustments and decisions where and when required.
Bolton & Co can provide monthly, quarterly or annual accounts together with cash flow forecasts. We are happy to prepare management accounts reviewing actual figures against budget and providing an analysis of major variances. We can also train your staff to keep the necessary records and produce figures for management.
And don’t forget the other services that we offer generally as an accountancy practice.