Accounts Preparation

ACCOUNTS COMPLIANCE SERVICES

At Accountant Edinburgh, we assist limited companies in generating the essential documentation for submission to Companies House and HMRC (Her Majesty's Revenue and Customs). Our support extends beyond mere compliance to include guidance on tax management and business strategy. This ensures that your business remains fully compliant while also equipping you with the financial insights you need for critical decision-making.

If you're seeking assistance in preparing your accounts, we are at your service, providing customised, adaptable services that cater to your specific business requirements.

UNDERSTANDING STATUTORY ACCOUNTS

Statutory accounts preparation involves compiling accurate financial documentation, which is mandatory for limited companies to submit to HMRC at the end of the fiscal year. These records must encompass a balance sheet, profit and loss statement, accounting notes, and usually a director’s report.

The overwhelming majority of businesses, particularly SMEs and start-ups, opt to engage an accountant for this service. This ensures all paperwork is meticulously organised and accurate, while also safeguarding that you only pay the tax you genuinely owe. Indeed, many mortgage lenders and landlords insist on accountant-prepared statutory accounts.

ACCOUNTS COMPLIANCE FOR LIMITED COMPANIES

Our suite of accounts compliance services generally covers the following aspects:

1. Statutory Account ComplianceWe prepare comprehensive end-of-year accounts, taking into consideration ever-changing legislation, and file these with Companies House on your behalf.
2. Corporate Tax AssessmentsCorporate tax is calculated based on your submitted accounts. With our expertise in tax relief strategies, we aim to minimise your financial liabilities as much as possible.
3. Tax Return FilingsAfter assessing your tax obligations, we complete and submit your company tax return to HMRC, ensuring you never incur late submission penalties.
4. Strategic PlanningPreparing accounts is not solely a legal obligation; it also offers you, the business owner, a clear snapshot of your financial status, thereby assisting you in future planning.

We provide these services as a standard package, but you're free to choose only the components you require. And should you need additional support, our customised accounting solutions are designed to fit your business needs precisely.

SIMPLIFYING ACCOUNTS COMPLIANCE FOR YOU

Here's how we make the accounts preparation process straightforward:

• Efficient, User-Friendly TechnologyWe utilise advanced tech solutions to simplify the accounts preparation, offering a more convenient alternative to navigating HMRC systems. Digital submission of data is also possible, freeing up your valuable time.
• Flexibility in ApproachIf you prefer traditional paperwork like bank statements and invoices, that's absolutely fine. We are flexible and can adapt to your preferred working style.
• Industry ExpertiseRegulated by the Institute of Chartered Accountants in Scotland (ICAS), and with decades of experience, our knowledge is your asset.
• Round-the-Clock SupportHave questions or need to discuss your accounts? Feel free to ring us or drop by for a chat over tea. We aim to be as accessible as possible, offering you the support you need when you need it.

CONTACT ACCOUNTANT EDINBURGH TODAY

Need financial guidance? Don't hesitate to get in touch at 01418894516 or via email at contact@edinburghaccountant.com.