Year End Accounts

Business insight

Year end accounts often form the basis of your Self Assessment tax return and provide a valuable insight into your business.

Profit, loss & forecasting

The year end accounts provide invaluable information about your business. You can see if the margin on your sales prices is set appropriately and how the latest performance compares to last year.

Year end timing

Limited companies, partnerships and sole traders are free to pick whatever year end they like. Many business owners will pick a calendar year or the tax year (either 31st March or 5th April). Picking the tax year will make your tax liability based on the latest finalised accounts and therefore as current as possible.

All the services you need,

all in one place.

Give yourself as much time to prepare the accounts as possible. Rushing can lead to errors and there may be receipts or bank statements you need to find. It also allows you to consider if you’ve claimed everything you’re entitled to and whether there are any tax planning opportunities available.