Why does my small business need annual accounts?
Every business requires annual accounts to show the financial performance of the last trading period for taxation and good practice.
But it is also important for many other reasons including;
- Supporting application for business loans
- Providing potential customers with confidence in who they are doing business with
- Securing credit with new suppliers
The production of annual accounts for Companies House are required to be set out in a particular way, comply with the latest regulations and be presented within the correct timeline.
Through allowing us to manage your organisation’s financial affairs we can help to ensure compliance and avoid heavy fines and penalties.