Accounting reconstruction

Books can be brought back in order even when they are months or years behind. We complete the missing periods, correct the errors and return the company to a state that will survive an audit.

When reconstruction is needed

Companies usually come to us in one of three situations. The previous accountant ended the engagement and left the records unfinished. The owner kept the books personally and fell behind. Or a notice of a tax audit arrived and it turned out the records were not in order.

In all three cases the same applies — the sooner it is addressed, the less it costs. Penalties for late filing grow over time and some deadlines cannot be recovered at all.

How we proceed

First we establish the actual position. We review what has been recorded, what is missing and which returns have been filed. That produces a summary showing the scope of work involved and what is at stake if nothing is done.

We then complete the missing periods, correct incorrectly recorded items and file supplementary tax returns where needed. A voluntary supplementary return is almost always better than the same error found by an auditor.

Finally we move the company into normal ongoing bookkeeping so the situation does not repeat.

Incomplete documents

Missing documents can largely be traced — from bank statements, from the supplier's VAT records, from correspondence with trading partners. Whatever cannot be traced, we assess and explain what it means for tax.

Pricing

We set the price only after establishing the actual scope. The initial assessment is free and without commitment — it is what determines how much work is involved and what it will cost.