The year-end accounts provide invaluable information about your business. You can see if the margin on your sales prices is set appropriately and how the latest performance compares to last year. Having year end accounts brings you closer to your business and will help drive success.
For sole traders and partnerships, year-end accounts will form the basis of the business owners’ self-assessment tax return. Kanbosk can look to prepare sole traders accounts and partnership accounts well ahead of the tax return deadline of 31st January.
Companies typically have nine months from their year-end to complete their accounts, but it’s always best to check on Companies House’s website what the company accounts filing deadline is.
Kanbosk can prepare your accounts from whatever bookkeeping records you have – whether they be computerised, spreadsheets, a cashbook or a bag of receipts, quickly, accurately and with the minimum of fuss. We can advise you on how to strengthen your record keeping procedures, which in turn will help you run your business more effectively.
As part of our year end process, we will also sit down with you and explain what they mean in plain English, cutting out all the jargon. This enables us to identify areas of improvement, maximise reliefs and minimise any tax liabilities. Armed with information that is accurate, up to date and understandable, you can get on with running your business successfully.