Year End Accounting Services
We can relieve you and your staff of an enormous burden by taking care of all your bookkeeping and accounting needs, including the preparation of your annual accounts.
Our first step is to work with you so we can gain a full understanding of your business. We then tailor our approach to your requirements so we can provide exactly the service you need. Our expert staffs prepare profit & loss, balance sheet and other schedules as required by the specific needs of clients
After each accounting period, a company tax return is needed (CT600 form and a copy of your company accounts and tax computations). Filing is compulsory even in case of no profits. You will have to file the return when you receive a notice CT603. Delays lead to penalties.
There are several requirements the company has to fulfill:
- Companies House registration
- Annual accounts filing
- Annual Return (Form AR01
- Every year HMRC must be informed in detail about the company’s profits and taxable income
- Annual corporation tax return
- Employee income tax payment
- Reconcile bank accounts
- Complete invoicing
- Ensure you haven’t omitted entry of any supplier bills
- Write-off bad debts
- Compare the reports of the current financial year with the previous year and report outliners
- Record your depreciation
- Handle all pre-paid expenses
- Close-out owners’ draw