Every business has to have accounts prepared at least on a yearly basis, in order to calculate how much tax is owed. For many businesses, this is enough. We can provide this service but if your looking for more from your accountant then can do that too:
- Do I want to know my tax liability well in advance, so that I can plan and save for it? If the answer is ‘yes’, then provide all your information well in advance, for us to give you the breathing space you need, to save.
- Would I like to know how my business is performing, year on year? If the answer is ‘yes’, we can provide management accounts to give you a comparison analysis on the changes within your business, based on your accounts.
- Would I like to know how my business is performing on a monthly, quarterly or six monthly basis? If the answer is ‘yes’, we can provide management accounts to give you a comparison analysis on the changes in your business on a more regular basis. Then you can react quickly to internal and external changes and keep your business on track.
Case Study
One client we did comparisons for, had his sales double. That was good – but when we looked at his advertising costs – they had quintupled! Some of his advertising was working but he could have saved a lot of money if he had kept track of which advertising actually resulted in sales and which didn’t. But simply knowing that, helped him next year to spend less on advertising and keep track of where sales were coming from.