The preparation of your Management and Annual Accounts is an important and valuable process, which needs to be done correctly.

Most businesses, particularly owner-managed SMEs, sole traders and partnerships rely on an accountant to complete their Annual Accounts, you need to make sure you are choosing the right one for your business.

Monthly and Quarterly management accounts ensure there is up to date financial information readily available to assist with decision making and the management of your business affairs. We work with you to try and get the information to complete your year end, as soon after the year end has passed, to give you plenty of notice of your tax liabilities.

We take the time to explain your accounts to you, so you fully understand the business financial position, helping you to plan for the future.

We can provide you with the accountancy service that you need including;

• Producing financial statements to file at Companies House and abridged accounts to ensure the minimum amount of your financial information is made public.
• Identify areas where we can assist in minimising your tax liability.
• Prepare accounts to produce your Self-Assessment tax returns.
• Identify areas of your business which give you the most opportunity to make improvements.

As well as producing and advising on your annual accounts, our team of Scunthorpe accountants can provide advice on tax-efficient profit extraction, to utilise your tax free allowances in the most efficient way.

We take one less responsibility away from you, by ensuring your accounts and tax returns are filed to HMRC and Companies House within a good time of the deadlines.

Along with our accounts preparation, we also support and assist clients with accounting Software Packages, including Xero, QuickBooks, Sage and many more. For further information on S Smith & Co Accountants in Scunthorpe, Brigg & Epworth’s accountancy service and to receive a fixed quotation, please contact us on 01724 848343 or at accounts@ssmithaccountants.co.uk.