Company Accounts Preparation in Essex
It’s that time of year again, when you know you need to prepare your company accounts for the taxman. Preparing these accounts can be a complex process, as well as a lengthy one, so wouldn’t you rather hand the entire job to a professional?
When you engage MCL to prepare your company’s accounts, you can be sure you’re working with experts. We’ll carry out account preparation in line with all best practices and ensure that they’re prepared in line with Financial Reporting Standards applicable to your business whether it be FRS102 Sec1A or FRS105 for Micro Entities. The result? Your accounts are prepared in the perfect way, plus you’re left free to concentrate on what you’re good at – running your business.
Company accounts are a report on all aspects of a business. Regardless of whether a business is a small one-man operation or a multinational conglomerate, accounts must be filed. The main reason for the filing of accounts is to inform HMRC of any corporation tax payable. The other reason is that the company must show a public record demonstrating their state of affairs and file accounts annually with companies house.
But what will we need to prepare your accounts? Well, we’ll need records of all payments and receipts, along with the bank statements of your company. Many businesses now use software such as Quickbooks or Xero, and the use of these makes the preparation of accounts that much easier, as well as more accurate.
Once all accounts have been prepared, we’ll send them to you for your review. The accounts can then be sent to Companies House & HMRC.
Preparing Your Company Accounts
Why Use MCL for Your Accounts Preparation in Essex?
Many are lulled into the false belief that they can complete company accounts themselves. Unfortunately, this is not always true, and even if they do manage to submit them, they often omit hugely important considerations.
At MCL Accountants, we ensure everything is completed properly, in line with all rules and regulations. Working with a professional accountant also has other benefits for your business, namely:
- Boosting performance. Properly carried out accounts enable you to evaluate your business from the top down. You can identify any poorly performing sectors of your business and make necessary improvements.
- Minimising tax. Calculating your corporation tax payment isn’t simple and many people doing their own accounts end up overpaying. We’ll use our expertise to minimise your tax liability, without incurring the wrath of the taxman.
- Being prepared. Having a professional complete your accounts means that you can be prepared financially. You’ll know exactly how much you owe in tax and exactly how much you’ve earned.
Overall, you should think of working with an accountant as an investment, not an expense. When you work with us, the savings you make will nearly always outweigh the money you spend.
At MCL, we support companies of every size across Essex and London – from ambitious start-ups to long-established organisations. Whatever stage you’re at, we offer flexible, tailored plans designed to give you the clarity, confidence and expert guidance your business deserves. If you’d like to understand how we can lighten your workload and strengthen your financial position, we’re only a phone call away.
Prefer to reach out online? Send us a message through our contact form and a member of our friendly, knowledgeable team will get back to you promptly. We’re here to help you move forward with confidence.
Get Your Taxes Prepared by a Professional
Company Accounts Preparation FAQs
Got a question you need answering about the preparation of your company’s accounts or about the service we provide? If so, take a look below and you could find the answer you’re looking for.
We’re proud to have 5-star reviews from over 150 customers