Here at FAB we prefer to work regularly with our clients. The steps to producing your annual accounts follow a logical process and we have designed our packages to reflect this.
Bookkeeping is often of underestimated importance. Accurate and timely bookkeeping enables us as advisers to provide you with accurate financial information throughout the year. We can assist with your bookkeeping by providing assistance either from our own in-house experts, or by working with your bookkeeper or staff to ensure a high standard. Our bookkeeping services can include processing invoices, posting bank transactions, running payroll and completing VAT returns.
By producing regular management accounts you will ensure that your business growth is managed and controlled, enabling you to monitor key performance indicators, manage cash flow and control debt. In recent years management accounts have become even more vital to small businesses as banks and other institutions will insist on up to date figures before considering any funding requirements.
As well as producing your management accounts we will help you interpret the information and assist in improving profits and cash balances. The Xero system enables production of professional looking management accounts which can be customised to your requirements to include specific account analysis and key performance indicators so that exceptional items can be highlighted and explained. We will work with you to tailor and recommend the format of accounts that will benefit your business most.
Annual Accounts and Tax Returns
Because we get involved at an early stage we are able to produce your year end accounts and tax returns speedily and efficiently following your year end. If you have taken one of our Management Accounts Packages we will provide regular estimates of your end of year tax bill, so there should be no nasty surprises. Completing your accounts promptly also means you have plenty of time to plan your tax liabilities into your cashflow.
As we are monitoring your figures regularly we are able to advise on arranging your affairs and transactions in a tax efficient manner, enabling you to keep more of your profits to reinvest in your business or to increase your own personal income.
We know most clients do not phone their accountants for fun! If you need our advice or support we want you to pick up the phone or e-mail, so all of our packages include unlimited support, you will never be charged a penny extra for this.
Of course we also offer all of the other services you will get from a typical accountant for your less day-to-day requirements including company formations, budgets and cashflow forecasts, assisting with sourcing finance, personal tax planning and business acquisition and disposal.