Accounts Preparation

  Does this apply to you?

We believe that financial accounts are a very important business tool, they serve more than fulfilling company law requirements.


It is true that every company needs to produce accounts for Companies House and the Inland Revenue but the information contained within them is just as valuable to the directors when making business decisions.

Companies with a net turnover of less than 1 million (5.6 million for year ends after 30th March 2004) will not normally require an audit to be performed on the financial accounts. They will however need to produce a set of accounts which comply with the Companies Act and be signed by the directors who take responsibility for their accuracy.

For companies with a turnover in excess of the current exemption limit an audit will be required. We will arrange for an audit to be conducted by an independent registered auditor.

In both cases the financial accounts, corporation tax computation and form CT600 need to be filed within strict timelines to avoid penalties.

The increased reporting obligations, investigation policies and harsh penalties levied by the tax authorities mean that an undue amount of your time and resources can be taken up collecting revenue for the Government. Corporation tax represents a significant part of trading costs. As specialist advisors we offer a range of services to help minimise your corporation tax exposure whilst relieving you of the administrative burden of complying with tax legislation.


Benefits of our service include:

  • Taking advantage of tax opportunities and reliefs

  • Making the most of industry specific tax opportunities

  • Meeting the rigorous demands of compliance

  • Acting on your behalf in discussions with the tax authority

  • Determining the most tax effective structure for your circumstances

 

If you have any questions and wish to speak to an advisor, call us now on:

Tel:         01277 725252


Applicable to:  
Businesses Businesses
Individuals Individuals
New Startups New Startups


  Did you know?
An undue amount of your time and resources can be taken up collecting revenue for the Government?