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The word bookkeeping is derived from traditional physical books used to record finances. This method is still used by some small businesses.
A business plan is very important in determining the prospects of a business while giving a sense of direction to its stakeholders.
In the UK, tax is deducted from the employees through PAYE (pay as you earn) system. Employees in the UK do not have to file their tax.
Statutory accounts are not just legal requirements but important in determining progress, failures and in predicting the future of a business.
Management accounts are financial reports of a business. These accounts are carried out monthly or quarterly. Click below link to learn more about management accounts.
A forecast is generally updated regularly based on variations in your business plans. A forecast gives you an idea of what to be expected based on the current realities.
The companies are registered with the companies house in the UK that comes under the Department for Business, innovation, and skills.
You have established your business to get away from the rat race, regain the freedom of making your own decisions and build a legacy.
We’ll Do It All For You
We take the stress out of your business finances to allow you to focus on the work itself or growing your company.
Just Some of Our Clients
“I have trusted Lyel Accountants since I was recommended them by a friend. Ishfaq has always been very easy to get in touch with and has always gone above and beyond to make all my accountancy work go smoothly and seamlessly. I would recommend Lyel to anyone looking for a reliable and trustworthy accountant”
“I’ve been with Lyel for about 6 years now. Good advice, they always get things done on time. Despite me being the worst person at doing paperwork ever!”