XBRL – we are ready

We have now entered a period where limited companies can be affected by HMRC’s mandatory requirement to file accounts and corporation tax returns online using a computer language called iXBRL. At Facts & Figures we are please to announce that we will shortly have the appropriate software tools to meet HMRC accreditation, well ahead of deadlines, meaning that our clients will have no worries in being compliant. Please feel free to give us a call if you require further information.

New analytical analysis tool:

We have recently invested in a new suite of software that helps us analyse client’s results over current and previous accounting periods (months or years). This includes a useful comparison with companies in the same standard industrial classification category. The reporting can be either comprehensive or brief depending on the client requests and identifies the financial strengths and weaknesses of the company as well as introducing the prospects of a forecasting tool. We see this as a useful way of extending our pro-active role for our clients. Survival in business today is not about historical compliance accounting, it’s more about performance and future prospects.