Company Accounts & Tax

All limited companies must file their company accounts to Companies House within 9 months after the company’s accounting year end. They must also file a full set of Accounts at H M Revenue & Customs within a year of the company’s accounting year end. These are the fundamental duties of the Company director which are set out in Companies Act 2006. Failure to fulfil these responsibilities may result in fines/penalties.
If the company is liable for corporation tax, calculation of the profit must be made. Consequently, corporation tax payable on this profit amount should also be calculated. This information must be reported to HM Revenue & Customs on a Corporation Tax Return form along with an attachment of full set of Company Accounts and tax computations in support of the return. There are strict penalties for filing late returns and interest is charged on tax paid late, so it is important that the deadlines, which are determined by your company’s annual accounting date, are adhered to.
Our dedicated team can help you plan for preparing the Company Accounts. Firstly, by providing advice on how to maintain the Company records and by sending you reminders of when the Company Accounts and Company Tax Return are due. Secondly, we also provide advice on tax planning areas that may benefit your company. Last but not least, we can assist you with the preparation of Company Accounts, Company Tax Return and Tax computations.