Accounts Preparation

Once a year, every business owner finds that they are rushing around trying to compile their year end accounts for filing.

Your accounts provide valuable information about your business. Using the information you can see if your sales margins are set appropriately, and can compare your performance this year to last year. Movements in sales and expenses are laid bare, allowing you to make better decisions in the future. Discrepancies and anomalies can be highlighted and investigated promptly, and you can be sure you have the information you need to drive your business to success. But it’s not just about business advantages. You’re also legally required to produce and file yearly accounts if you are Limited Company. This often leads to business owners scrambling around at the last minute in a desperate rush to get them done. Sound familiar?

It doesn’t have to be, we can take away the pain of preparing your accounts by handling them for you. All you have to do is provide us with the information, and then rest easy knowing your accounts are taken care of.

• We use this as an opportunity to discuss your recent performance and growth prospects for the future.
• providing you with constructive advice on taxation and business development.

Keeping the books may not be the most glamorous of tasks, but every business must do it.

As with all our services, your business is unique and so our bookkeeping service is tailored to your individual needs. From cloud accounting to manual bookkeeping, we will offer you a system that suits you.

We are proud to be partnered with quickbooks and offer every client a 6 month free trial.

Our bookkeeping and accountancy service offers the perfect solution to any business that wishes to have accurate up to date records.

Whether it’s your company or your personal tax return, Enigma can work with you to ensure that your tax affairs are kept up to date. We can prepare and submit your company or personal tax return with supporting computations and calculations.

We can also identify any potential tax savings and tax solutions for your business.

There’s lots of planning opportunities with VAT – and lots of ways you can get it wrong. Don’t panic though – we can help:

• Advise on when it’s a good idea to register for VAT. In some cases, you’re better off being registered before you have to be.
• Advise on the different VAT schemes that are available so you pick the best one for you.
• Advise on specific transactions.
• Prepare your VAT returns for you.

• How will you structure your business?
• Is your business plan feasible?
• How much money will you need?
• Are there any grants available?
• What are the financial implications?

Structure is one of the key issues and we are able to advise you on the best way forward for your business. There are many issues relating to accounting and taxation to consider.

There are three main options available to most new businesses: the simplest of which is a sole trader, while other options include formation of a partnership, or a limited company. Each structure has different tax consequences and different implications, for the extent of your personal liability for business debts. The date of your accounting year-end can also impact the level of taxable profits and how long you have before you have to pay any tax due.