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A business accountant is a professional who is qualified to prepare financial statements and provide advisory services to their clients regarding a number of accounting and tax related matters.

They can provide you with valuable advice in relation to your company. Business accountants offer a number of important services that are necessary while registering a company and once the company formation process is completed.

These services are important to ensure that the company complies with administrative requirements, as well as legal, tax and practical issues and obligations. Business accountants play a major role in commercial success. 

The role of a business accountant is usually complex as they provide a wide range of services and perform various tasks. These services may include advisory services, company secretarial services, company formation, assistance for tax requirements and the basic accounting services.

The tasks performed by business accountant usually include forecasting, auditing, bookkeeping, filling and monitoring financial transactions. Main roles of a business accountant are:

  • Maintenance of books of accounts – A company cannot work effectively if it does not record all the transaction, business accountants are mainly responsible for maintaining the company accounts.

  • Auditing of accounts – When business accountants provide auditing to companies, their main role is inspecting of accounting data for determining the accuracy and reliability of accounting statements and reports.

  • Taxation – A business and tax accountant educate clients on tax options, give specialist advice, prepare and assist clients in finding the right deductions, credits and adjustments based on their financial situation and helping clients to compute taxes based on their transactions.

  • Financial services – Since business accountants and advisors have full knowledge of taxation, legal and accounting matters, they can give the right advice regarding financial matters. They can suggest their clients with the most suitable sources of finance, advice on investments and selection of profitable projects.

After the company incorporation, it is usually advisable to consultant a business accountant and an adviser regarding filing of the accounts and annual return, audit, book-keeping, tax planning, bank accounts and other accounting services.

Generally, business accountants play a strategic role by providing professional advice, aiming to maximise profitability and limit tax for their client.

There are a number of business accountants in London who can be consulted for advice about the various accounting services mentioned above.

Wisteria Ltd offers a wide range of accounting services and consultation meetings with Business Advisors, a Chartered Accountant or Chartered Tax Adviser. Wisteria Chartered Accountants, Tax and Business Advisers provide a variety of services for companies and individuals. 

For accounts or tax advice, information on our services or details on setting up a company if you are a non-UK resident, please contact 0208 952 0140 or email [email protected].

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