Many business owners get that sinking feeling when annual accounts are mentioned, but it is important to get it right to make sure you are compliant with all the rules and regulations.
Also known as financial accounts, company accounts or statutory accounts, it is a record of your business’s financial activity over the past financial period. The information in your accounts is used by HMRC to work out how much tax you owe, so it’s important to get right, both to avoid fines and to make sure you don’t over or underpay.
Purple Lime take a different approach to your accounts. Your records cover the whole year, so why wouldn’t we work with you over that whole period too? Rather than giving us a box of receipts and invoices once a year, we keep in touch over the whole 12 months, giving you the chance to keep an eye on your financial situation and get a better idea of taxes and other costs.
Working in this manner gives us plenty of time to get to know your business and spot any opportunities to help you manage your business accounts in a more cost-effective way.