Creating statutory accounts is an integral part of running any kind of business. As per the accounting compliance, your company is summoned to prepare business annual statutory accounts at the end of every year. In addition, the statutory accounts are to be submitted on-time to both Companies House and HMRC as a constituent of your corporate tax returns.
Preparing statutory accounts and filing accurately requires professional knowledge and expertise. At Focus Somar, we have highly competent accounting team to assist your corporate and business accounts preparation and offer expert advice to enhance your tax position and business performance. We help clients to fulfil legal obligations appropriately, prepare company statutory accounts and file them on your behalf to the governmental authorities.
Choosing an accounting assistant that can handle your company’s annual statutory accounts requires due diligence. With our expertise and well-integrated approach, our dedicated team endeavours to prepare accurate financial statements all the time. Besides filing your annual accounts at the stipulated time, we determine potential tax planning opportunities and pave the way for your business to grow professionally fulfilling and long-standing.
For small-scale businesses, the need for preparing annual accounts is abbreviated. Precisely, such business entities are required to submit less accounting statements to the Regulatory Authorities and it can be done by excluding the profit and loss section from the final annual accounts report. Focus Somar identifies such year-end accounting details and aid you in meeting your annual accounts compliance requirements.
Having us as your statutory accounts expert can bring you numerous benefits. These are: