Westlands Accountants offers businesses and the self employed preparation of financial accounts. It is important to submit to HM Revenue and Customs accurate accounting information. The major reasons for having your accounts professionally prepared are:
HM Revenue and Customs expect accounts to be prepared in accordance with International Financial Reporting Standards (IFRS), these are protocols for dealing with different types of accounting entries. Preparing your accounts also enables us to apply other areas of expertise in identifying tax planning opportunities, making bookkeeping recommendations or spotting PAYE or TAX issues of which you may not have been aware.
Accounts measure the profitability of your business, knowing that they have been prepared to the above standards give confidence in using them as the basis for future planning. Outsourcing your accounts preparation frees up your time to allow you to concentrate on running and developing your business.
Professionally prepared accounts will have credibility for your bank manager, your mortgage broker or when building relationships with important customers and suppliers.