Accountancy
Every business has a statutory obligation to produce annual accounts for the relevant authorities, typically HM Revenue & Customs and Companies House. One of the key objectives in accounts preparation is to identify areas where we can assist in minimising your tax liability. Another key objective is to ensure that the accounts are compliant with all the statutory regulations and accounting standards.
In addition we like to gain a full understanding of your business so that we are able to give advice and recommendations tailored to your specific requirements. We believe that accounts preparation gives an insight to your business and helps gives the bigger picture, to assist with both the short-term objectives and long term goals of the owners.
We take the time to explain your accounts to you so that you understand what is going on financially within your business, helping you to plan for the future. Call today for a free consultation and initial advice as the best way forward to your business.
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Taxation
We are all affected by tax at some point, but it is your right to arrange your affairs to your best advantage, while keeping within the law. The rules can seem complex and forever changing. We cover individuals, partnerships and companies.
At Knight Accountants our goal is to minimise the total taxation payable through an extensive knowledge of taxation and planning opportunities, whilst meeting your overall objectives of your organisation. However, please note the smallest tax bill is not always the best option as we will look at the short term and long term objectives of your organisation.
Whether you run a business or simply received a tax return in the post and are not sure what to do, call us for an initial free consultation today.
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Credit Management
Knight Accountants is a member of the ICM (Institute of Credit Management) and regularly receive update literature to ensure we comply with current regulations. With the global financial turmoil that we are experiencing it is more important than ever to keep stringent controls over your credit management policies.
We can visit your premises, assess your credit management policies and procedures and offer advice, training and reporting to improve your systems and to add to the overall efficiency of your credit department. A bespoke detailed report to management will be provided so ongoing references to systems introduced are available to hand.
To discuss your personal requirements or to obtain a quotation for these services please contact us using the contact page.
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Service Charge Accounts
Service Charge accounting for residential and commercial buildings is a specialist area for Knight Accountants. We can ensure compliance with Companies House (if applicable) and as importantly compliance with the landlord and tenant acts. This is essential as non-compliance can result in service charges being uncollectable or the freeholder not complying with the terms of the lease.
We can advise you accordingly whether you are a RTM (Right to Manage) or whether you are the freeholder. We are happy to attend board meetings or Annual General and Extraordinary General Meetings to offer our services to all residents so you can make an informed decision on your selection of an accountant to financially report on your "home".
For a free initial consultation or if you are concerned that you do not comply please contact us.
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Book-Keeping
At Knight Accountants we appreciate that bookkeeping is an essential part of running your business from a financial aspect.
Outsourcing this aspect of your business, in part or full, will allow you to focus on the core competences of your business. Our service will include compliance with the VAT and Tax office.
We also believe in value for money, whilst offering the services and expertise of an accountant, but charging you at the rate of a bookkeeper. Giving you piece of mind that this work will be carried out by a qualified professional. We can offer you advice on the best solution for your business as we have extensive experience of implementing systems and controls and offering training in Sage, Quickbooks and other accounting software.
We can offer you are free review of your current systems and advise you of the best solution for your business. Call for a no obligation discussion today
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Management Accounts
This service is aimed at organisations that have adequate book-keeping arrangements in place but would like to have more frequent financial reporting on how their business is performing. In many cases businesses need to monitor the performance of their business on a regular basis as opposed to relying solely on annual financial statements.
We can carry out interim accounts and report these to management together with commentary or any other relevant information. Management Accounts can also contain "management information", for instance would you like to know which customers are most profitable, which products make the most profit or potentially cost you money?
At Knight Accountants we have extensive commercial accounting experience within the UK and Overseas. To discuss your specific requirement please contact us for a no obligation appointment
