AAS Accountants

It is a common mistake to think that accountants in Blackburn only turn up once a year to do a tax return. In practice, a good one is more like a second pair of eyes on your business, someone who picks up on problems early and helps keep you on the right side of HMRC. This is what it means in plain English. The first job is almost always bookkeeping. You have to record your sales, costs, wages and bank transactions accurately – whether that’s in software or a trusty spreadsheet. An accountant can do it for you, check it, and show you how. Without good records, nothing else will work right. Next comes the year’s paperwork. For sole traders, it’s the Self Assessment return. For limited companies, it’s statutory accounts, a Corporation Tax return and a confirmation statement. Each has its own deadline, and they don’t all fall into neat little boxes, which is why a reminder system really helps. Tax planning isn't as sinister as it sounds. It simply means taking advantage of the allowa...