If you run a business you are required to prepare annual accounts. The accounts will form the basis of your tax calculations – so it is important to get them right!

The format of the accounts and the deadlines involved depend on whether you run your business as a sole-trader, partnership or limited company.


Format: Accounts for a sole-trader or partnership have no set format but must have a profit and loss statement and often include a balance sheet.
Deadlines: Forms part of your self-assessment tax return. Deadline is 31 January following the end of the tax year.

Limited Company

Format: Accounts for a limited company are more complex as they must be prepared in a specific format in accordance with Companies Act 2006.
Deadlines: Nine months after the end of your company financial year end.

Where we come in…

We will:-

  • Advise you of the records you need to keep and provide to us
  • Keep you informed of the deadlines involved
  • Prepare and submit the accounts for you using our market-leading software
  • Carry out a full tax efficiency review to ensure you are minimising your tax liabilities
  • Talk the accounts through with you face-to-face or over the phone to ensure you understand them fully