Any registered business is required to prepare annual accounts for HMRC and Companies House every year.
At Sky Accounting we can take over this responsibility for you, saving you time to concentrate on the day to day running of your business.
Annual accounts are essentially a detailed balance sheet, reporting on all financial aspects of the company. Annual accounts are an annual snapshot of profit and loss, business assets, and any debt or risk.
Not only will these accounts determine your tax liabilities, they are a useful indication to you, as the business owner, or to your directors and shareholders as to the performance of your business.
It is vital that your annual accounts are presented in a timely and accurate manner in accordance with HMRC guidelines.
As registered clients of Sky Accounting (and subject to permissions given) we will also handle any negotiations or communication with HMRC on your behalf, saving you the time and stress.
What will Sky Accounting do?
- Prepare draft/in-year accounts
- Prepare final accounts for HMRC submission
- Advise you on your tax liability
- Schedule your tax payments
- Submit accounts to HMRC
- Manage HMRC communications on your behalf