We produce financial accounts for the purposes of calculating both income tax and corporation tax, from simple income and expenditure statements for individuals right up to full financial statements for limited companies.

We also provide book keeping services for the purposes of completing VAT returns. We prefer to provide this service to clients for whom we also produce financial accounts as we feel that way they gain the most value from our firm. We aim to provide a higher standard of service than required for general book keeping and so this benefits the production of final accounts.

In addition to these, we provide a wide range of services tailored to an individual client’s specific needs. At present these include the following:

• Monthly and quarterly management accounts;
• Monthly and quarterly cashflow statements;
• Projected profit and loss accounts and cashflow, together with comparisons between these and the real figures for a period;
• Maintenance of sales ledger and purchase ledger, i.e. managing the accounts of both client customers and suppliers.

Due to the high standard that we work to, these additional services have proven to be extremely useful in pointing out potential problems areas with the way in which businesses are run and also allow our clients to plan with more certainty for the future, e.g. the purchase of equipment, tax liabilities. They assist our clients with dealing with third parties such as banks, for both business and personal reasons, such as loans and mortgages.

We advise clients when they become liable for VAT registration and also where we feel it would be of benefit for them to register for VAT, whether it be accounting for VAT in the normal way or under one of the new schemes introduced by HM Customs & Excise. We have a great deal of experience in VAT and we believe we reduce the burden for our clients of VAT compliance.