Year end accounts are required for all businesses, whatever your business status, be it a sole trader or a limited company with several Directors, you will need yearend accounts completing.
Year end accounts are essential to see the profitability of the business over the trading period and the figures will also be required for personal and corporate tax returns. You may also need them for shareholders, investors and the bank. If you are a limited company your accounts will need filing with Companies House to avoid penalties for late filing at the very least.
As a sole trader/proprietor or a partner in a business partnership you may also need year end accounts to support a mortgage application for example.
At ABK we can produce year end accounts as part of an overall service or as a standalone service, whichever suits your business requirements.
If you need help with you year end accounts, its best to start early and plan ahead. The sooner we start the sooner we can setup and implement the process, the sooner you can get on with the day to day essentials of running and growing your business.
Contact ABK so we can plan, prepare, complete and file your year end accounts.