For a limited company, you need to have accounts produced in a particular format to comply with the companies act.
Accountancy Scotland has a team of qualified accountants, who properly check and prove your figures before preparing and analysing a compliant set of accounts, corporation tax computation and corporation tax return. We offer a full corporation tax, planning service designed to make sure that you don’t pay any more corporation tax than you need to.
Because we are at the cutting edge of technological changes, Accountancy Scotland can process more detailed accounts, more efficiently than traditional accountants. Because of a series of legislative changes including the recent Making Tax Digital legislation, many of the more traditional accountants are not able to keep up with the pace of change. If you are using an accountant that is not on top of these changes, you risk leaving yourself open to investigations by HMRC.
For more information about how we use technology and accounting software to make your life easier, click here.
It is worth noting that a large proportion of accountants are not qualified, this is because of the lack of regulation within the industry. The result is that most accountants won’t be able to properly prepare compliant accounts, leaving you exposed to HMRC, Companies House and any creditors/lenders in the future.
You should be choosing an accountant who has either CIMA, ACCA or ICAS qualifications. Accountancy Scotland has fully qualified and experienced accountants and are therefore able to take care of all your statutory accounts production.
How we make it easier
Accountancy Scotland holds your hand throughout the entire statutory accounts production process. We do this by breaking down the requirements into simple, understandable and actionable steps. You won’t get long emails filled with jargon, we prefer a more personal approach. We keep a dialogue with our clients throughout the year, making sure that everything is being done correctly along the way. This means that there are no stressful sprints to meet deadlines, and as much as possible is done ahead of time.
We take your statutory accounts and tax planning a step further. We analyse and interpret the data and explain, in plain English, what actions should be taken as a result. This could highlight key issues such as overtrading or potential future cash flow issues. This foresight allows you to take measures so that you are not in a situation where your business is at risk.
Because we prepare your accounts at year-end, rather than 9 months after (which is the statutory deadline and norm in most accounting firms) we are able to provide valuable insights that are current. This early preparation, coupled with business analysis, means that you have enough time to take the necessary steps to avert any problems.
The use of technology means that Accountancy Scotland takes less time to produce better accounts, saving you money in accounting fees. In addition to this, our proactive tax planning aims to cut the cost of your corporation and personal tax bill.
Why not give us a call on 0131 281 1273 or email us at firstname.lastname@example.org to find out how we can simplify and save you time and tax on your statutory accounts production.