Company Accounts & Tax
Limited Company Accounts and Tax
Many businesses trade as limited companies as they offer many benefits, including tax efficiency and limited liability (meaning directors/owners are protected if the company runs into financial difficulty).
If you are trading as a limited company you are required to prepare and submit financial statements to Companies House on an annual basis. You are also required to submit corporation tax returns to HMRC and pay any liabilities annually.
There are strict deadlines for limited companies, and tough penalties for non-compliance and late payments.
If your turnover is in excess of £85,000 you may need to register for VAT.
How can we help with your Company Accounts?
Regular reminders throughout the year, requesting relevant information for your accounts
Expert support and advice
Optimise your tax efficiency by identifying any potential reliefs you may be able to claim
Prepare and file your annual financial statements
Calculate your tax liability and provide a schedule of payments
Complete and file your returns and accounts on your behalf
Deal directly with HMRC on your behalf
Detailed knowledge on costs to be reclaimed to reduce your tax liability
As a limited company we can also assist you with your processes and obligations for your: