Annual accounts and annual reports.

01

Annual accounts

The year closed, reconciled and thought through for tax.

We reconcile every balance sheet account against source documentation, review accruals, value inventory and work in progress, assess trade receivables and calculate depreciation on equipment. The result is a balance sheet where every item can be explained, which is the precondition for everything built on top of it.

Then come the decisions. An allocation to the tax allocation reserve defers tax and can be right when a weaker year is expected, but wrong when the company is facing an investment. Excess depreciation offers the same kind of choice. We calculate what each alternative means in kronor and put it to you, rather than choosing for you without asking.

The accounts are delivered with a walkthrough where we go through the year: what drove the result, what deviated and what the figures say about next year. That walkthrough is often the most valuable thing an accounting firm provides, and the thing most often left out.

02

Annual reports

Prepared under the applicable framework, signed and filed on time.

We prepare the annual report with the directors' report, income statement, balance sheet, notes and, for larger companies, a cash flow statement. It is filed digitally with Bolagsverket, which gives faster processing and a receipt confirming it has arrived, instead of the uncertainty of a paper filing.

The choice between K2 and K3 governs how the accounts may be presented. K2 is a simplified framework with more standardisation and less room for judgement, K3 is more work but permits component depreciation and capitalisation of internally generated development work. For most smaller companies K2 is right, but not for all. We go through what suits your company and change framework if the conditions change.

We keep track of the dates for you: the meeting within six months of the financial year end, the annual report with Bolagsverket within seven. You get a reminder in good time, with the documents to be signed.

03

Requests for correction

When Bolagsverket or Skatteverket wants more, we respond.

A request for correction means something is missing or does not hold: a signature that is absent, a certification incorrectly dated, notes that are insufficient, or details that do not match the register. The request has a deadline, and an unanswered request has the same consequence as never filing at all.

We read the request, work out exactly what the authority is asking for and prepare the response. Often it is a formality that looks more serious than it is, but it needs to be handled correctly and within the time limit. We respond on your behalf and confirm when the matter is closed.

If the request stems from a genuine error in the accounts we correct that too, rather than patching together a response that holds this time but raises the same question next year.

04

Requests for review

Tax assessed incorrectly can often be corrected several years back.

If a deduction was missed, income was reported twice or a decision was based on incorrect information, you can request a review from Skatteverket. The window normally extends six years back, counted from the end of the calendar year in which the tax year ended, which means old errors can be corrected more often than most people think.

We go through what actually happened, gather the documentation that supports the point and draft the request. A review is decided on the evidence, not on the wording, so the work lies in substantiating what is to be corrected. If the evidence does not hold we say so before filing, rather than pursuing a case that will fail anyway.

If the decision goes against you we assess whether an appeal is worth pursuing, with a straight estimate of the chances. Sometimes the answer is no, and then we say so.