Technical notes, written for owners

Registration is required based on your entity type and first tax period, not on whether you expect to owe tax. Loss-making and small businesses still register. Send us your trade licence and financial year end and we will confirm your registration window and prepare the application.

It is common and it is fixable. We start with an agreement of opening balances, then rebuild forward: bank, VAT control, payroll and related-party accounts first, followed by revenue and cut-off testing. Most SME clean-ups reach filing-ready in about three weeks.

No — and you should be wary of any firm that offers to. Where we prepare financial statements, an independent auditor signs them. Where we audit, we do not prepare. We will happily work alongside your existing auditor.

Internal controls over financial reporting is the documented set of controls that make your numbers reliable. Groups, listed subsidiaries and regulated entities usually need a formal framework; a 20-person trading company usually does not. We will tell you honestly which side of that line you sit on.

Fixed fee against a written scope, based on transaction volume, number of entities and the state of your current records. You see the number before any work begins, and additional scope is always quoted separately in advance.

Yes. We work in the system you already own rather than migrating you onto ours, and we leave your file complete and exportable if you ever change advisors.