Sole traders and Partnerships usually have quite simple accounting requirements. Limited companies and limited liability partnerships (LLPs), on the other hand, are faced with more complex accounting and filing requirements.
At the end of its financial year a private limited company must prepare and submit the following;
- Full (statutory) annual accounts
- A Company Tax Return
These accounts and tax return must be submitted to meet deadlines for filing with Companies House and HM Revenue and Customs (HMRC).
MJ&A Accountants can help you with all of the above as part of our service. We will prepare your annual accounts and associated tax return and submit them to Companies House before the filing deadline. We can also use these accounts to work out and inform you of any Corporation Tax that might be due.
We will also liaise with Companies House if you need to extend your accounts deadline due to an event out of your control or you want to apply for more time before submitting.
Please note that there are penalties for filing late with both Companies House and HMRC.
We are more than happy to talk through the rules and regulations and the pro’s and con’s with you at any time.