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ABOUT LK FINANCIAL ACCOUNTING
LK Financial Accounting is a partnership aimed at sole traders, small businesses and start-ups in various industries. Both partners are ACCA qualified and want to help grow and shape businesses from a finance perspective whilst building good relationships and a strong network. What keeps us stimulated is the passion we have for the world of finance as well as the priceless satisfaction gained from helping our clients achieve their company goals and objectives.
Day to day running of the business involving raising sales invoices, processing purchase invoices and expenses, bank reconciliation and upkeep of aged debtors and creditors in compliance with accounting standards.
Tax for self employed individuals, collating income from self employment and employment (if you are also employed) and offsetting relevant expenses that can be claimed to determine your tax position.
An analysis of vatable sales and purchase invoices to determine the net VAT position. This is for VAT registered companies ONLY.
An analysis of your yearly activity to determine how much profit or loss has been made in your accounting year and what the corporation tax liability is after taking into account your allowable and disallowable expenses.
PROJECT WORK /CONSULTANCY
Budgets and forecasts, performance management/analysis using key KPI’s, 3 to 5 year strategic plans, financial modelling, consultancy and other adhoc tasks such as company registration.