EFJ Consulting is a well-known accounting and tax consultancy based in the United Kingdom. Our team is well-versed in dealing with corporate tax return rules and how to adapt them to business needs. Maintaining accurate financial records is critical for all businesses, especially those just starting out. It not only simplifies budgeting, but it is also required for tax purposes. Many businesses can face disaster if they fail to keep accurate Annual Financial Account records. Tax audits, customer loss, fraud, or the inability to procure new services or price products correctly all have unfavourable outcomes for businesses. Keeping financial records, however, may be more difficult than it appears for some businesses.