Management & annual accounts
Your management reports should help you run your business better. We can help by preparing regular profit and loss accounts, balance sheet, debtor and creditor reports and giving valuable advice on improving your business.
All limited companies need to file accounts with Companies House within nine months of the end of the financial period. We take your accounting records and produce accounts in the statutory format ensuring that they are filed on time to avoid penalties.
Personal and corporate tax
We calculate the corporation tax liability from your accounts, advising on any tax elections that are available to reduce the tax due. The implications will be fully discussed with the client before the returns are filed.
HMRC now require that corporation tax returns and accompanying accounts be filed in a computer readable format so it is essential that you use a qualified accountant or tax specialist. These must be filed within nine months of the year end.
In addition we prepare and file the director’s tax returns advising upon the most tax efficient remuneration strategies for company owners.
VAT
We can advise whether you should be VAT registered. If you should be registered then we prepare your quarterly VAT returns and submit them online. We can also advise upon the treatment of transactions where special VAT rules apply.
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