Year End Accounts

These are needed in some shape or form whether you’re a sole trader, partnership or limited company.

Small sole traders may need only a simple profit and loss account prepared, whereas even the smallest limited company has to prepare a profit and loss account, balance sheet and statutory accounts.

Either way, understanding your business will help ensure we can advise you on fulfilling your obligations and importantly check and advise on the tax treatment of items in those accounts such as tax deductible expenditure, the meaning of a director’s loan account, what is capital expenditure on assets.

We take you through the figures and show the link between your schedules and the accounts.