Annual accounts

Clients in business will need to prepare annual accounts whose prime role is to support the figures in their annual tax return, whether they are a sole trader, partnership or company.

Once a client’s year end has passed, we will get in touch by email with a requirements list setting out what we need to prepare the annual accounts. As a minimum this will be a trial balance from our client’s own accounting system, although for smaller clients we are happy to prepare accounts from original source documents.

Our annual accounts service involves a critical review of the numbers to make sure they make sense. Although we are not carrying out an audit of the accounts, we do check them thoroughly, so as to reduce the risk of any tax enquiry or other challenge. Once any queries have been ironed out, we inform our clients of any adjustments so that their accounting system can be kept in sync with the published financial statements.

The final product for companies and partnerships from our state of the art accounts production system is a set of desktop published accounts complying with generally accepted accounting principles. Company accounts also include the applicable Companies Acts disclosures and are suitable for filing online under iXBRL.