Financial Statements

As a Tax Accountant we can help you to prepare the financial statements. The financial statements consist of Income Statement and Balance Sheet. An Income Statement will indicate how your business performed over a 12month period. A Balance Sheet is a snap shot of your business assets and liabilities at a particular date.

You can compare the income statement for 2 years to determine how your business has performed over the previous year. You can determine by how much percentage your sales has grown over last year, whether your business expenses has increased substantially than the sales growth, whether you are improving your margins, whether you are generating enough returns from your assets and much more.

As a Tax Accountant we can explain to you what strategies you can use to improve your margins in the future.

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