Accounting services
Preparing accounts
Depending on your business set-up, you will have different requirements and different reporting deadlines. We have the expertise to help you each step of the way.
LJ Adams Accounting can help prepare your accounts whether you're a sole trader/self-employed, in a partnership or a limited company and also assist with the relevant taxation requirements.
Our team has a lot of experience in preparing accounts for various sized businesses, including small businesses starting out, to multi-national companies.
With the various changes in legislation each year, it is important that you and your business receive regular advice and assistance to ensure your company meets its obligations.
See below for some more details relevant to your business.
For the self-employed
You're self-employed if you run your own business. i.e. you do not work for a specific employer who pays you a salary. You sell goods or services to customers for a profit. A sole trader or someone who is self-employed is not a limited company and will file a self-assessment with HMRC.
For partnerships
Partnerships are similar to that of self-employed, except there are two or more partners that share responsibility for the business. As a partner, you would take a share of the businesses profits and pay tax on this.
For Limited companies
A Limited Company, is a private company set up with Companies House. This means, that the business is a separate legal entity from the company's owners.
Accounts are required to be filed with Companies house, and corporation tax returns with HMRC.
