Every company must prepare statutory accounts that report on the performance and activities of the company during their financial year. The type of statutory accounts and the process of which they are collated will be fully dependant on the scale of the company.
Ultimately, our aim at Polaris Accountants is to deliver this core service with an individual and friendly approach and at a reasonable cost. We will offer support and guidance, but leave you in control with more time to take your business forward and although the primary aim of such statutory accounts is to report the performance and financial position to the stakeholders of a business, we shall also advise you on the following other factors:
*resulting taxation consequences
*The view the accounts present to bankers, potential investors and credit rating agencies
We have readily available staff dedicated to preparing your statutory accounts, whether you maintain your own bookkeeping records or have assigned us to provide that service already, we are happy to ensure your statutory accounts are prepared in sufficient time to be filed with the relevant authorities by the statutory filing deadlines, ensuring no late filing penalties are incurred.
We have a team of professionals who aid clients in preparing monthly or quarterly accounts. Such accounts are particularly important for businesses that do not have their own in-house accountant and so should be made a major part of the management’s process for any forward thinking business.
At Polaris Accountants we tailor to your specific Managements Accounts requirements, our main objective being that you both understand and use your accounts to increase and boost the value of your business and although the primary aim of such internal management accounts is to report the performance and financial position of the business to management, other particular benefits of our service are:
*Cash flow problem areas are highlighted early and remedies sought
*Actual performance compared to budget and/or comparative periods
*Tax planning is made more efficient as the trading performance is known throughout the year
*Asset finance can be raised more speedily with up to date figures
We work with you to harness your abilities to further enhance your profits, to assist with business development and to position your business in the market place, as well as giving you peace of mind that this side of the business will now run smoothly.