Annual Accounts Preparation
Our Annual Accounts Preparation service enables you to have an accurate set of accounts prepared and produced on a yearly basis. All you have to do is provide your business records following the end of each tax year and we will do the rest!
Annual Accounts – A Must For Any Business
Whether a self-employed Individual, Sole Trader, in Partnership or a Limited Company, you are required by law to keep a full and accurate record of all your business transactions. Keeping accurate records not only keeps the tax man happy, but it will also assist the preparation of your business accounts. It will help you to keep a sharp eye on your business cash flow too. The information in your accounts is entered on the relevant pages of your tax return and are used to calculate the tax you owe or have overpaid.
HMRC can raise an enquiry into your tax affairs at any time. It is therefore in your best interests to keep full records of all your business transactions. It is an essential part of your business to keep your accounts and taxes up-to-date. We can provide whatever help and guidance you need to keep your tax affairs current and in order.
Are you ready for Making Tax Digital?
Making Tax Digital (MTD) for income tax is a new system for recording and reporting income and expenses on a quarterly basis. It is being introduced in stages and will gradually fully replace Annual Accounts over the coming years. Starting from April 2026, any individual who is Self-Employed and/or a Landlord with a gross income of over £50,000 will have to use the MTD for Income Tax system to file quarterly accounts. In April 2027, as the gross income threshold is lowered to £30,000, even more individuals will be required to use the new system. Find out more about Making Tax Digital.
To help you keep accurate records, you may be interested in our Bookkeeping service. Our fees are very competitive, so please don’t hesitate to request your quote!
If you are interested in our Annual Accounts Preparation service, we invite you to request a FREE Telephone Consultation or if you prefer, you can simply request a FREE Quote. We are happy to discuss your specific requirements at any time and answer any questions that you may have too.
Partner With Chapel House Accountancy For Your Annual Accounts Preparation
Our aim is to build a good professional relationship with every one of our Clients. We take the time to understand your business, so we can make an accurate assessment of your taxation requirements. When you choose to hire us, you’ll receive friendly advice, guidance and a professional compliant service. We are great listeners too, whereby you can discuss any tax related matter or concern to receive the best advice. Our fees are extremely competitive, so if you are searching for an Accountant, why not try us first? You’ll be making a good choice if you do!