For sole traders and partnerships, year-end accounts forms the source of the business owners’ self-assessment tax return.

For a partnership`, the year-end accounts will also state the balance on each partner’s current account. For owner-managed limited companies, the limited company accounts will show details of the directors’ remunerations and the dividends they have received, which will need to tally with their self-assessment tax return.

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. Movements in sales and expenses are laid bare, allowing you to make better decisions in the future. Anomalies are highlighted and can then be investigated. Having year end accounts brings you closer to your business and will help drive success.

Banks will also wish to see books of accounts for business owners applicants looking to raise finance.

Bookkeping

We can prepare your accounts from whatever bookkeeping records you have - whether they be computerized system, spreadsheets, a cashbook or a bag of receipts. And we can advise you on how to strengthen your record keeping procedures, which in turn will help you run your business more efficiently.

It goes without saying that your accounts will be prepared in accordance with accounting standards and for tax purposes, we will ensure that you are claiming everything you are entitled to.

Whether you are a sole trader, partnership or limited company, letting us prepare your accounts will relieve you of what can be an extremely stressful and time-consuming exercise.

We are here to help

Our accountants offer competitive pricing with flexible appointment times and are dedicated to offering a professional, friendly service. If you need assistance with your year end accounts, simply call our friendly team now on +254 729 606 130 or drop us a line using our online enquiry form.