Company Accounts

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Years Of Experience
Company Accounts

Providing Expert Guidance for Your Corporate and Small Business Needs

Keeping accurate and compliant company accounts is crucial for any business, whether you are a corporate organisation or a small business. At Tax Relax, we understand the complexities involved and offer expert services to ensure your financial records are in top shape. Our friendly, professional team provides clear and practical advice, allowing you to focus on growing your business with confidence.

Company Accounts

What Are Company Accounts?

As a large organisation you are likely to know what company accounts are. However, for a small business you may be just starting up on this journey so here we will explain.

Company accounts are detailed records of a company’s financial activities, including income, expenses, assets, liabilities, and equity. These accounts are essential for assessing the financial health of a business and are required by law to be prepared annually. Properly maintained company accounts provide valuable insights into your business operations and are crucial for strategic planning and decision-making.

Your Tax, Our Expertise

Why Choose Tax Relax for Your Company Accounts?

We combine our expertise with a personable approach to make managing your company accounts straightforward. Our experienced accountants offer advice and support to meet the unique needs of your business, whether you’re a large corporate entity or a small business owner. We make complex financial matters easy to understand, ensuring you always feel in control of your finances. 

Key Services We Offer

Learn more about the key Company Accounts Services we offer.

Bookkeeping

We handle all aspects of bookkeeping, ensuring your financial records are accurate and up-to-date.
Our team tracks income, expenses, and transactions, providing you with a clear financial picture.

Preparation of Financial Statements

We prepare essential financial statements, including balance sheets, income statements, and cash flow statements.
These documents give you a detailed view of your financial performance and position.

Annual Accounts & Corporation Tax Returns

We compile and submit your annual accounts and corporation tax returns, ensuring compliance with HMRC regulations.
Our team keeps track of deadlines and ensures timely submissions to avoid penalties.

Management Accounts

We provide regular management accounts to help you monitor your financial health throughout the year.
These reports offer insights into your business's performance, enabling informed decision-making.

VAT Returns

We prepare and file your VAT returns, ensuring accuracy and compliance with HMRC requirements.
Our experts provide advice on VAT planning and management to optimise your cash flow.

Payroll Services

We manage your payroll processing, ensuring employees are paid accurately and on time.
Our payroll services include handling PAYE, National Insurance contributions, and other deductions.

The Importance of Accurate Company Accounts

Maintaining accurate company accounts is vital for several reasons:

  • Accurate accounts ensure your business complies with legal and regulatory requirements, avoiding potential fines and penalties.
  • Regularly updated accounts provide insights into your financial health, helping you make informed business decisions.
  • Transparent and accurate financial records boost investor confidence and can aid in securing funding or investment.
  • Properly maintained accounts help identify tax-saving opportunities, optimising your tax liabilities.
  • You can be fined by HMRC or disqualified as a company director if you do not keep accounting records.

Our Process

The Company Accounts Process

Initial Consultation

- We start with an initial consultation to understand your business needs and financial situation.

- Our team assesses your current accounting practices and identifies areas for improvement.

Meet Our Accountant

- We set up efficient accounting systems tailored to your business, ensuring seamless financial management.

- Our team provides training and support to help you use these systems effectively, if you have your own software package that we have experience of working with.

Setting Up Accounting Systems

- We set up efficient accounting systems tailored to your business, ensuring seamless financial management..

- Our team provides training and support to help you use these systems effectively.

Preparation and Review of Financial Statements

- We prepare your financial statements and review them with you, ensuring accuracy and clarity.

- Our team explains the key figures and what they mean for your business.

Filing and Compliance

- We handle the submission of your annual accounts, corporation tax returns, and other statutory filings.

- Our meticulous approach ensures compliance with all relevant regulations and deadlines.

Our Promise To You

Our goal is to make managing your company accounts easy and worry-free. We promise to provide:

  • With clear communication we will explain financial matters in simple terms, so you understand every step of the process.
  • Our team stays up-to-date with the latest accounting standards and tax laws, offering reliable advice, so you will be with trusted experts.
  • Our support is to fit your specific needs, ensuring you get the best possible assistance.

Our supportive, knowledgeable and qualified team ensures your financial records are accurate, compliant, and up-to-date, freeing you to focus on growing your business. Let us show you how we can make managing company accounts easy.

FAQ

Frequently Asked Questions

Find some frequently asked questions about our Company Accounts services, or get in touch with us if you have any other questions.

While some business owners manage their accounts, professional help ensures accuracy, compliance with regulations, and optimised tax planning. Professional accountants can also save you time, reduce the risk of errors, and provide valuable financial advice.

Speak to an Expert

Get Help With Company Accounts

Contact us to set up a consultation, and our friendly team will guide you through the next steps. Whether you’re a corporate organisation or a small business, we’re here to help you manage your company accounts effectively.

Dealing with company accounts can be a breeze with Tax Relax by your side.