Accounting for Finances
Report on Finances

Our team of experienced tax and accounting professionals manages every aspect of your financial accounting requirements, ensuring that both businesses and individuals remain fully compliant with the UK’s ever-evolving and increasingly complex tax and financial reporting regulations.

Fulfilling Your Legal Obligation in Financial Accounting

Ensuring Financial Compliance

Financial accounting is more than just meeting statutory deadlines — it forms the backbone of every successful business. Our Financial Accounting Team assumes full responsibility for establishing, monitoring, and reporting your financial accounts accurately and in accordance with all relevant regulations.

For many clients, our service begins with the setup and maintenance of reliable bookkeeping systems, often through cloud-based platforms such as KashFlow, Xero, QuickBooks, or FreeAgent. These systems enable real-time tracking of income, expenditure, and profitability while maintaining a complete digital audit trail. By using these tools, we ensure that your financial records are up to date, accurate, and readily accessible, allowing for smooth preparation of annual accounts and tax submissions.

If you already use our Online Accounting or Management Accounting services, our team will already have a comprehensive understanding of your financial position throughout the year. This insight allows us to identify potential tax planning opportunities well in advance of year-end and to ensure that all your financial reports are fully aligned with both statutory requirements and your business strategy.

Should you require assistance in compiling and reporting your financial accounts to Companies House and HM Revenue & Customs (HMRC), our team operates with speed, precision, and transparency. We pride ourselves on offering fixed fees, providing clients with complete cost certainty. Importantly, we only charge once your accounts have been successfully finalised and submitted online to both Companies House and HMRC — ensuring you receive measurable value at every stage of the process.

Tailored Accounting for Different Business Structures

Sole Traders, Self-Employed Individuals, and Partnerships
For unincorporated businesses, accurate financial accounting plays a direct and critical role in tax planning. The financial statements form the foundation for your Self-Assessment Tax Return, determining taxable profits, allowable expenses, and eligibility for various reliefs. By preparing your accounts efficiently and accurately, we ensure that your tax liability is minimised within the boundaries of the law and that all compliance obligations are met on time.

Limited Companies
For incorporated entities, annual financial statements must comply with the relevant Financial Reporting Standards (FRS 102 or FRS 105). These standards require year-end adjustments such as depreciation, accruals, prepayments, and provisions to ensure that the accounts present a true and fair view of the company’s financial position. Our accountants ensure that all such adjustments are handled meticulously, and that the final accounts meet the statutory disclosure requirements before submission to Companies House and HMRC.

We also review your business structure as part of our Financial Health Review process, advising whether continuing as a sole trader, partnership, or limited company remains the most tax-efficient and administratively practical choice for your circumstances.

Enhancing Your Financial Management with Technology

We actively promote the use of KashFlow as part of our digital accounting strategy, as it integrates directly with HMRC’s Making Tax Digital (MTD) system and provides seamless online reporting for both VAT and income tax. However, our expertise also extends to other platforms such as Xero, QuickBooks, and FreeAgent, enabling us to support clients across a variety of software environments.

These systems provide real-time financial visibility, automation of routine processes, and instant access to reports that can improve cash flow management and profitability monitoring. Our team provides setup, training, and ongoing support to ensure you gain maximum value from whichever platform you choose.

Our Commitment

At Holland & Co, we view financial accounting as an essential part of every client’s success story. By combining modern accounting technology with over three decades of professional expertise, we deliver a service that is accurate, compliant, and strategically beneficial.

Whether you are a small sole trader, a partnership, or a growing limited company, our mission is to simplify your financial reporting, enhance your compliance, and empower you with the financial insight needed to make confident, informed business decisions.