Annual accounts are vital to any business whether this is Soletrader, Partnership or Limited Company Accounts. The information is invaluable when making decisions on your business. Lakeland Accountants take the time to explain them to you in as much detail as you require.
If you have a Limited Company, you have a statutory requirement to file a set of accounts with Companies House within 9 months of the year end and HM Revenue and Customs. In respect of sole trader and partnership accounts, these will form the basis of your self assessment tax returns
Have you thought about how much time you spend in keeping your books and records. Keeping accurate accounting records is very important as this will let you make fundamental decisions about your business. Your accounting records should be completed on a regular basis. Why not let Lakelands Accountants complete this for you, so that you can concentrate on running your business.
Lakeland Accountants can help you prepare your individual self assessment returns and company tax returns. The returns have to be filed within a specific time period, we will ensure that the returns are filed on time to minimise the penalties
We can help you to minimise your tax liabilities, whether this is individual or company taxation through proactive tax planning and ensuring that you are making the most out of the reliefs that are available. By getting to know our client we can look at the wider picture to ensure you organise your affairs in the most efficient manner.
In addition to the above we can look at other areas of taxation for you such as Inheritance Tax and Capital Gains
It is very important that you comply with the Companies Act. Our company secretarial service takes off the pressure by ensuring that all relevant information is filed on time with the relevant authority. If the information is completed and filed on time, this will ensure all penalties are minimised.
Business Start Ups
If you have made the decision to start up your own business, we can discuss the best structure that would suite your needs. This may be a Soletrader, Partnership or Limited Company. This is very important in respect of your taxes and developing and growing your business. You will need to register your business with the relevant authorities
Lakeland Accountancy offers a hands on management consultancy to businesses that require assistance in in reporting and financial advice to board level. We can discuss strategies where owners are looking to expand or change their business. We can prepare Management Accounts, Cash Flow Forecasts and Projections either for the owners for the business or third parties in order to obtain finance. From this information we can look at the business as a whole and highlight any areas of weaknesses and if required take corrective measures in order to correct this.