Accountants and Bookkeepers examine the Financial Statements of Big or Small Business

Accountants and Bookkeepers examine the financial statements of big or small business for their accuracy and also the conformance with the law. Apart from this, the accountants are expected to keep track of the tax payments and ensure that they are done on time. However, the duty of an accountant or auditor does not end here. The accountants are also expected to study the financial position of the companies and ensure that the company works efficiently and is profitable. Gone are the days of manually entering the financial expenditure on long ledgers. Now it is the era of accountancy firms in London that offer easy and simple ways of keeping track of the financial expenditures of your company. With easy to use software and efficient professionals, the accountancy field is undergoing a revolution.

Accountants offer virtue accounting, tax planning and consulting services for freelancers, companies, and contractors. The various services offered by the accountants in the UK include security in corporate finances, account improvement, corporate tax, and the most important FRS 102 and FRS 105. Regarding the FRS 102 Vs. FRS 105, both are similar in the sense that FRS 105 evolved from FRS 102 but with significant simplifications to accommodate the legal requirements for micro entities. Further simplifications have been made in FRS 105 to reflect the smaller size and nature of such entities.

Accountants provide a wide range of tax advisory services, the tax accountants providing custom made solution for different businesses, depending on the business type and other intricacies. With experts having thorough experience in tax planning, the accountants help you minimize the tax and liabilities well advance in time. The Accountants works in sync with the personal and company level tax payments, because a separation of accounts and management can often lead to disasters. The Accountants also work closely with start-ups, entrepreneurs, in acquisitions, disposals and raising finance. Other services offered by the Accountants in Coventry include auto enrolment, business growth analysis, company formation, account opening, payroll RTI, management accounts service, registered office, self-assessment tax returns, Tax investigation cover, Vat payment and numerous other services.

Company formation assistance is another important service offered by the accountants. In order to get a certified company, one has to follow these steps. Come up with an apt company name and address with at least one director and shareholder, create a memorandum of association with an agreement of all initial shareholders or subscribers, creation of statement of capital holding all the details of the company shares and rights, creation of articles of association which has all the rules governing the details of the company’s management.

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Created on Aug 19th 2020 09:46. Viewed 378 times.

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