There is generally no legal requirement for a sole trader or partnership to prepare and distribute annual accounts each year; however, there is an obligation to accurately report to HM Revenue and Customs your business’s taxable profits, and the first stage in this reporting process is the drawing up of accounts. In addition, external parties such as banks and other lenders may request that you provide annual accounts. It is also important that annual accounts are prepared so that you may analyse the performance of your business and plan for the future.
Should you engage LMDE to prepare your annual accounts and Self Assessment Tax Return, we will be in a prime position to ensure that your tax affairs are being handled in a tax-efficient manner.
Our fees for the preparation and submission of Sole Trader/Partnership accounts start from: