Communication is vital so we know what is happening in your business and with you so we can help and advise accordingly. Your fixed quoted fee will include calls to chat about ongoing annual tasks and routine compliance issues, so you won’t be charged every time you ring up! If you require us to undertake any work during the year that has not already been agreed upon, we will discuss this with you and agree on an additional fee for the extra services. Quite often, a quick chat resolves matters without extra costs.

Bank statements for the entire period and records of bank transactions.

Sales and purchase invoices and credit notes for the period.

Petty cash records for the period.

Details of any correspondence or notices received from HMRC.

Rental incomes and related property expense receipts, etc., for the year to 5th April, if applicable.

P60 and P11D, if applicable.

Pension incomes received by you in the tax year, if applicable.

Investment incomes via dividends and interest, etc., if applicable.

Pension payments made, if applicable.

Details of any shares bought or sold.

There is a lot to remember, but don’t worry; we will contact you each year with a reminder, mainly if you are new to running a business.

In an ideal world, the sooner, the better, as starting your year-end accounts promptly means we will have plenty of time to look at any proactive tax savings. It also means that if you are due a tax refund, you will receive it sooner rather than later; after all, it’s better to be in your bank account than the Revenue’s! new to running a business.

This depends on the state of the records you have kept, but assuming everything is in order, your accounts can generally be prepared within 2-3 weeks. We will let you know if we can see ways to improve your record-keeping and speed up the process next time.