G B M Accounts

Preparing accounts is a great way to see how your business is performing, as well as being a legal requirement for limited companies. There are numerous accounting concepts and standards to consider, so it's not something you would dabble in lightly.

For looking at performance, accounts don't have to run for a full year, they can also cover a quarter (3 months) or even a month, so you can see how well you're doing against your budget in a more timely manner.

Tax is a complicated business, but our expertise will make sure it is minimised and dealt with efficiently, planning in advance can potentially save you tax. There is absolutely nothing to stop you doing your own tax returns, but the penalties for getting it wrong are starting to get bigger. Not only that, but planning in advance can potentially save you tax, or even make you aware of tax bills coming up.

We provide a prompt and complete payroll service; the price of getting your employees wages wrong is something you don't want to consider. Dealing with employees is stressful enough in terms of getting them to do what you want them to do with the passion which you built your business with, let alone having to consider the mountain of employment law and sorting their wages out.

Bookkeeping should be dealt with regularly, particularly if you have lots of suppliers or provide credit to customers. If you are VAT registered, this will force you to do it at least once every three months! Seriously, it is important to keep on top of it as it helps with control and planning (see Business Planning >>) and focuses the mind on how well (or not) the business is doing.

If you're a director of a limited company, you have various responsibilities and rules you must adhere to. Creating the limited company in the first place, including appointment of directors, shareholders, company secretary (if required) and registered office. Monitoring any filings with Companies House for company clients to protect against company fraud.