Accounting is all about turning your bookkeeping into meaningful financial information. This is so that you can see how your business is preforming and to ensure you have the right information available to you to make good financial decisions. With this, compliance work is also required. Compliance work comprises the preparation, completion and submission of returns required by HMRC and other regulators of your business. Typically this will include your annual accounts, business tax return and confirmation statement.
Here's what we can do for you:
Statutory accounts - Ltd Company / LLP
Ltd Companies & LLP's are required to prepare statutory accounts and submit these to HMRC. We’ll take care of everything HMRC require and inform you of the corporation tax payment required with plenty of time.
Annual accounts for Partnerships
Partnerships are required to complete annual income and expenditure accounts and balance sheet for submission to HMRC. We’ll take care of everything HMRC require and inform you of the corporation tax payment required in plenty of time.
Annual accounts for Sole Trader
Sole Traders are required to complete annual income and expenditure accounts and balance sheet for submission to HMRC. We’ll take care of everything HMRC require.
Dormant / Non-trading accounts
Dormant accounts are required even if a company has not started trading. They are based on the incorporation date of the company. Non-trading accounts are where a business has traded but has temporarily or permanently stopped trading, and only applies if there has been no trading in the whole year. We will prepare and submit these.
Monthly management accounts
Successful businesses measure their performance on a monthly basis, in particular monitoring sales, revenues, profitability and their cash position. We will provide management reports that will enable you to see your performance month by month and spot issues quickly. This will enable you to take prompt, remedial action.
Tax return - Ltd Company
Limited Companies have to submit a corporation tax computation which sets out adjustments to the accounting profit and tax allowances claimed and calculates the tax liability. This information is then put on a corporation tax return and submitted to HMRC. We will prepare and submit this.
Tax return - Partnership / LLP
Partnerships & LLP's have to submit a tax computation which sets out adjustments to the accounting profit and tax allowances claimed and calculates the tax liability. This information is then put on a tax return and submitted to HMRC. We will prepare and submit this.
Tax return - Personal
Tax is usually deducted automatically from wages, pensions and savings. People and businesses with other income must report it in a self-assessment tax return. We will prepare and submit your personal tax return, calculating your tax bills and advising you on how much tax to pay and when.
When working in the construction industry special regulations exist for dealing with suppliers and customers, known as the Contractors Industry Scheme. If you are a registered contractor you will need to account for tax on payments received or made. We will deal with the returns required.
Companies are required to keep statutory records, minutes of certain decisions and events, notify Companies House within a time scale of certain changes or event, and prepare minutes and tax vouchers for dividends paid. We will deal with these matters as standard, to you are keeping legal and up to date.
Scenario: Limited company compliance work based on turnover range (see below for variants)
What's included: Statutory accounts for Limited Company, Corporation tax return for Limited Company, Annual confirmation statement & filing fee
£85k - 200k turnover
£55 per month
£200k - 500k turnover
£65 per month
£500k - 1m turnover
£90 per month
£1m - 3m turnover
£115 per month
Prices shown above are typical for the scenario displayed and exclude VAT. Prices will vary if additional services are added. Please view our Pricing Page for more details