These are interim accounts, used by management to help them keep track
New legislation requires company directors to demonstrate that they have planned for their company to be successful. Although success can be defined differently for different businesses it could be profit, people helped or some other factor all business managers should be able to monitor this.
Effective managers know what their company is up to, and this is where management accounts come in. These are interim accounts, used to help you keep track. Theyre not necessarily produced for outside parties, though some lenders or financiers insist on management accounts to monitor their investment.
Well be happy to help you set up systems or produce management accounts to monitor your business success.
The type of records you have to keep, by law, will depend on what sort of business you run and how it trades.
VAT is a complex subject, but don’t worry - you don’t need to know everything. However, it’s worth seeking our help
New legislation requires company directors to demonstrate that they have planned for their company to be successful.
Year end accounts
All businesses have to provide year end accounts for the tax man, which must be prepared in accordance with the rules
If you pay any staff, then your business will need a payroll that accounts for tax
The law requires every Limited Company to submit an annual Corporation Tax return.