Year-End reporting to HMRC and Companies House for StartUps and SMEs.
Financial Accounting: the provision of annual financial reports mainly for external stakeholders, such as shareholders, Tax Authorities and other Government Departments.
Offering information to StartUp organisations from a finance point of view, from input on setting company structure, registering companies, to setting organisations up with relevant Tax and Government Authorities. Then, assisting setting good working practices for Financial Accounting going forwards.
For both StartUp Organisations and SMEs, this is often ongoing book keeping, compilation of year-end accounts and submitting them to HMRC and Companies House, for those organisations small enough to not require audit.
Unlike Management Accounting, Financial Accounting follows a structured format and applies the latest guidance, standards, rules and laws as set out by HMRC, the International Financial Reporting Board and other relevant bodies.