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ACCOUNTS

You will need to have accounts prepared, at least once a year, for a variety of reasons:

Companies House - limited companies are required by law to file annual accounts showing the results of the business activity for the period, and the state of the companies assets and liabilities at the period end.

Inland Revenue - both companies and self employed individuals and partnerships are expected to have annual accounts to support the entries on the annual tax returns.

Your bank - bank managers frequently need to see accounts particularly if you need to borrow money to develop your business or cover a lean trading period.

Mortgage lender - if you are self employed or your company needs a secured loan to buy a property, accounts are usually essential

Yourself - the most important use of accounts is to tell you how your business is shaping up - you may need accounts at monthly or quarterly intervals.

Whatever your accounting needs we can help - from basic book keeping, if you wish, to final accounts.

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The Tax Practice (Guildford) Limited registered in England & Wales 4414698