Do I need to do annual accounts?
This may be a question that many new to operating their own business need answering. If you are operating either as a sole trader, partnership or Limited Company, then the simple answer is yes.
Accounts are required by law for all businesses on an annual basis as they are submitted to Companies House for Limited Companies, and to HM Revenue & Customs for all businesses. These accounts must be prepared in accordance with Government guidelines and meet all of the requirements set out by law. The good news is that we take care of this for you.
Do HMRC Require Accounts?
For Limited Companies HMRC requires a full set of accounts in an iXRBL format and also require a company tax return known as a CT600. For other business types accounts are also required for submission to HMRC.
When we prepare your accounts we will produce them in the right format to file with Companies House and also HMRC.
Are you qualified to sign off the accounts?
As a firm we have the credentials and experience to provide an accountant’s certificate with your annual accounts.
An accountant’s certificate informs potential external users of the accounts such as the bank or lenders that the accounts have been professionally prepared.
I am a Sole Trader that uses Xero/Quickbooks, Can you complete my accounts?
For any Sole Traders that uses a cloud bookkeeping package, we can complete a set of Accounts and file a Self Assessment return (other sources of income on the Self Assessment will need to be quoted additionally). We will, if needed, set you up a cloud based bookkeeping solution which will enable you to see how your business is performing in real time. DP Associates charge a fair price for the work we do for a Sole Trader, the best thing to do is for us to sit down over a coffee and talk about your business.
Can you do my accounts from Sage?
Yes we can. We started our business working with Sage and still use this for many of our clients. Every month we will send you a 1 page summary of your business’ performance and once a quarter we will sit down with you to review this.