Every company must produce Annual Company Accounts and file these with Companies House. There are significant penalties for late filing. We can help with the proper production and filing of your accounts and we work with companies daily to ensure that this legal requirement is met in the most efficient manner.
Regardless of size, every company needs to file a set of Annual Accounts at Companies House each year. These need to be in a certain format and contain certain information. These accounts will also be required by the tax authorities to support the company's tax return.
In addition to this the Annual Accounts which are sent to HMRC will also need to be electronically tagged so that HMRC's computer systems can automatically read these.
The increased reporting obligations, investigation policies on the part of the tax authorities and harsher penalties for non-compliance mean that your time and resources can be taken up with tax administration. We will help to minimise corporate tax exposure and relieve the administrative burden of compliance with current tax legislation.
We can produce these accounts in line with agreed timetables and deadlines and we can organise for their filing with Companies House and HMRC. We can produce these as a one off exercise or they can be built up from periodic management accounts that are used to run the business.
It is important to get these accounts right, but it is also a good opportunity for many businesses to really focus on their year-end numbers and to make some of the more long term decisions. We can help with this process. If you would like to know more please don't hesitate to give us a call to discuss your requirements.