Accounts 

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. 
 
Sole-trader/Partnership 
 
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. 
 
 
 
We can:- 
 
Advise you on the most suitable structure for your business. 
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 
For more information or to book an appointment to discuss your accounting needs simply call us on 01908 563250 or click here to contact us.  
Effective Accounting  
Making the numbers work for you