Experienced and tech-savvy bookkeepers
Supervised by Chartered Certified Accountants
Solicitors accounts rules compliant
Keeping legal accounting easy
HMRC annual accounts for solicitors
Compare your year on year performance accurately, check your margins, and ensure that there are no anomalies when it comes to transferring client money. By keeping these accounts up to date, you can save a lot of time and money in the long-run, and it will help you make targets that drive business success.
If you’re using software such as Xero or Leap, our team has expertise in both, and many more. We’ll ensure any systems you have in place are continued. While many accountants find the integrations between software complicated, we’re ready to advise you to keep your report standard high, allowing you to have better insight into your company’s books.
Decide your year-end
Opting for March 31st or April 5th for your year-end can avoid any complicated overlap relief calculations for sole traders or partners. It will also make your tax liability based on the latest finalised accounts—keeping everything up to date will avoid any anomalies later down the line.
What are “end of year accounts”?
Statutory requirements include four things:
- Director’s report (a business report covering the years’ performance, and predictions for the year to come).
- Balance sheet (this is a list of all your assets and liabilities).
- Profit and loss (a summary of income and expenses including the total profit or loss over the period).
- Supporting notes (this is a commentary on the profit and loss balance sheet).