Accountancy & Audit

The preparation of Accounts is a fundamental part of our service to our clients.

We can help with the preparation of accounts for all forms of business - limited companies, sole traders, partnerships, limited liability partnerships and social enterprises.

Each client at Ellis & Co is assigned a dedicated account manager who will get to know your business thoroughly so that we are in a position to advise you on all aspects of your accounts and associated strategy and tax planning.

We make it our business to help directors and business proprietors fulfil their obligations to HMRC, Companies House and other regulatory bodies.

Our services include:

  • Training in the use of computer based packages such as Sage Line 50 to maintain your accounting records, prepare your VAT returns and through Sage Payroll to process your payroll.
  • Preparing the annual limited company accounts and reviewing these with you. Explaining their meaning and undertaking ratio analysis to alert you to any significant changes.
  • Undertaking a detailed review of the last three years of your business and presenting a graphical display of the changes occurring, making recommendations on trends likely to have a major impact.
  • Strategic planning to ensure profitable business growth including preparation of profit and cashflow forecasts.
  • Providing a tax planning service to identify and minimise tax liabilities prior to the business year end.
  • Preparing corporation tax returns and notification of the tax liabilities well before the payment date in order to budget accordingly.
  • Preparation of abbreviated accounts for Companies House to ensure the least disclosure of information

Where Management Accounts are required in order to ensure profit maximisation and cost control, high quality information can allow business owners to react quickly and plan for the future. Our services in this regard include:

  • Preparation of specific, periodic management accounts and information
  • Performance analysis and reports designed to enable business owners to make critical decisions that can be pivotal to business success

Where Limited Company Audit becomes a statutory requirement for your company, Directors must ensure that their annual accounts are properly prepared and audited in accordance with Audit Regulations. Ellis & Co will ensure that is done in a timely and efficient manner.

 

Partnerships & Sole Traders

Existing Business

Once your business is trading successfully, experience has shown that the following core services can be invaluable to maximising the efficiency and profitability of both Sole Proprietors and Partnerships:

  • Training in the use of computer based packages such as Sage Line 50 to maintain your accounting records, prepare your VAT returns and through Sage Payroll to process your payroll.
  • Preparing the annual business accounts and reviewing these with you.
  • Explaining their meaning and undertaking ratio analysis to alert you to any significant annual changes.
  • Undertaking a review of the last three years of your business and presenting a graphical display of the changes occurring, making recommendations on trends likely to have a major impact.
  • Strategic planning to ensure profitable business growth including preparation of profit and cash flow forecasts.
  • Providing a tax planning service to identify and minimise tax liabilities prior to the business year end.
  • Preparing your self assessment tax return and notifying you of the liabilities well before the payment date in order for you to budget accordingly.
  • Help you decide whether to change the trading status of the business to a limited company.

Business Sales, Acquisition and Success

  • Business acquisition advice and review service to assess the potential of the proposed business purchase.
  • Planning the sale of your business with particular reference to the commercial and tax implications.
  • Succession planning for the next generation by assessing any inheritance tax liability and arranging for its mitigation.

Additional Services

  • Payroll service, Sage Line 50
  • Financial services

Forensic Accounting

Thanks to specialist local knowledge Ellis & Co have successfully assisted businesses and assessors in resolving disputes professionally and efficiently. Our Forensic Accountancy expertise covers:

  • Commercial Litigation
  • Compulsory Purchase Compensation
  • Professional Negligence
  • Loss of Earnings
  • Business Valuation

Contact ourForensic Accounting Managerfor more information.