Lunar Accountancy Services Watford

Professional Accountants and Tax Advisers

Bookkeeping Services

Running your own business can be stressful. We understand that time can be a constraint and it can be difficult to keep accurate accounting records as you become more involved in running your own business.

Statutory Accounts

We can create statutory accounts for you without any hassle. We will complete your corporation tax returns, file filleted Accounts [formerly known as abbreviated accounts] with the Companies House, and file the company corporation tax with the HMRC.

Management Accounts

The most important part of our compliance service is the preparation of recurring management accounts. Financial monitoring and control are paramount, and regular management communication is essential for the continued success of your business.

Lunar Accountancy Services Watford

Take Care of What Matters Most!

The development of your business greatly depends upon how well your accounting part is being managed. Accountants are an integral part of any business, so carefully choosing the right accountants for your small or big business accountancy business is significant

How we help businesses

Accountancy Services Watford for small businesses

At Lunar Accountancy, we support hundreds of businesses and their owners across the UK in a variety of sectors. Whether you are a start-up, a small business or a growing company, we provide all the support, advice and services you need to help your business succeed.

Gathering reliable management information on a regular basis is essential for the continued success of any business. Let us work closely with you to learn about your business so we can make recommendations to help you improve your bottom line or grow and develop your business. Lunar Accountancy Services Watford can prepare your monthly or quarterly management account so you always have reliable and accurate information on which to base your business decisions.

We can help you with all of your general bookkeeping requirements, whether on-site or in our offices. Maybe you need help writing the books or just want us to finalize the information to create your own management information. If you are not hiring a bookkeeper, we at Lunar Accountancy Services Watford can fill the role or help you recruit the right person for your business.

Testimonials

What People are Saying

About Lunar Accountancy Services Watford

We chose to work with Lunar Accountancy Services in Watford because we felt they’d be able to offer us the trustworthy and reliable service we need for our business. I’m pleased to say we were right, and they have been working with us for many years now and continue to give us the support that we need to cope with day to day activities as well as upcoming changes to accounting regulations.

Ricardo Owens

Director

Lunar Accountancy Services Watford have been involved with our businesses for the past three years. They are extremely professional, approachable and very knowledgeable about the daily running of a trading company and the resultant tax implications.
I would not hesitate to recommend Lunar Accountancy Services Watford to any company requiring the services of a competent accountant.

Joel Burdine

Head of Finance

Lunar Accountancy Services Watford, the ideal solution for small businesses, has excellent bookkeeping, payroll and accountancy services, helping us to effectively manage and control our business costs.

Rhonda Key

Business Owner

I engaged with Lunar Accountancy Services Wayford when I started my business some years ago. I use Lunar for all my accounting needs to run my business and have found them to give a high level of personal service and always ready to answer questions and give great advice. I especially value the level of knowledge and the personal attention given by the whole team at Lunar. I would highly recommend Lunar Accountancy Services in Watford to any business who would appreciate a local and personal service to help manage and grow their business.

Ashley Hoyt

COMPANY DIRECTOR

Accounting Services Watford

In today’s fast-paced business world, small businesses need to be nimble and ready to adapt to a changing environment. With so much competition out there, it is important that your business is not holding you back. There are numerous small business accounting services available that can help streamline bookkeeping and ease the stress of tax season. If you own a small business or operate as a sole proprietor or partnership without employees, you may be able to take advantage of special tax rules designed for small businesses. Taking advantage of these tax breaks might save you money and help accelerate your company’s growth. With this in mind, read on to discover more about how accounting services could benefit your small business…

Handle Employee Payroll Responsibilities

Another way to free up your time and reduce the stress of running a small business is to outsource payroll responsibilities. If you have employees, it is important to stay on top of payroll obligations. Such obligations include filing Federal and State payroll taxes. Employers are responsible for withholding and remitting Federal and State taxes from employee paychecks. This can be a challenging and time-consuming task, particularly for small businesses. Automating payroll tasks can save you time and help you meet your responsibilities. It can also help you to accurately file and remit payroll taxes, maximizing your deductions.

Streamline Your Accounting Processes

When starting up a small business, you might be tempted to accept accounting work in-house, but this can actually be a big mistake. It can be tempting to keep on top of the small business accounting yourself because the time investment is minimal. However, doing so can put your business at risk. One reason is that you might inadvertently enter incorrect or false information into your accounting system. Such errors could have serious consequences for your business, including regulatory fines and reputational damage. One reason that many companies outsource their bookkeeping is that they simply don’t have the time to keep on top of it all themselves. Another reason is that keeping on top of your accounting can be difficult to do if you also have other tasks to complete. With so many tasks demanding attention, your accounting can fall by the wayside.

Stay Organized and Manage Taxes

As a small business owner, you’re likely to be required to complete your taxes each year. When you do so, you should be aware that the tax deductions available to you are likely to be different from those available to individuals. What this means is that your small business tax deductions may differ from those claimed by an individual. This may be advantageous, as deductions can result in a lower tax bill. As a small business owner, you are also likely to receive a tax filing due date that is different from that of an individual. This is because businesses may have to file taxes at different times of the year. For instance, businesses that receive payment in the form of a non-cash asset, like inventory, are required to report their income on a monthly or quarterly basis.

Find out if you’re eligible for tax deductions

Along with other small business accounting services, experienced accountants can help you determine if you are eligible for tax deductions. This is important because taking advantage of deductions can reduce your tax bill. In order to claim deductions on your taxes, you have to keep accurate records and have sufficient documentation to prove it. For example, if you use your car for business purposes, you can deduct the number of miles you drive. If you purchase office supplies, you can deduct the amount that you spend.