The Inland Revenue expects accounts to be prepared in accordance with generally accepted accounting principles, 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 consistently gives 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 be more respected by your bank manager, your mortgage broker or when building relationships with important customers and suppliers