Compagny Acountants

Annual accounts and corporation tax

Limited liability companies are required to file annual accounts with Companies House and HMRC. To avoid fines and penalties, you must file your limited partnership accounts with Companies House nine months after the end of the year.

The tax on your company’s profits is called corporation tax. It expires every year: nine months and one day after the end of the year. You must also file a tax return with HMRC within 12 months of the end of the year.

Additionally, with the implementation of the Making Tax Digital regulations in 2023, it is even more critical that you maintain accurate digital records of your transactions. You will be able to comply with the law if you have our help.

We offer fast and efficient service, including the preparation and filing of all documents with Companies House and HMRC.

We are best known for our all-inclusive unlimited service plan, which includes all accounting services required by a UK business (see also accounting for small businesses) and more for one monthly fee. Plus, when you sign up for our all-inclusive service, we’ll give you a 50% discount on any existing business account you may have.

corporation

What is the procedure for filing your tax returns?

All-in-One Solution

Give the green light...
Join More Than Accountants and become a client by generating a quote on our website or by calling us on 0161 8040808.

 

Gather the right information...

We will collect all necessary information about you and contact your former accountant on your behalf, if necessary

Production of tax returns...

Our expert accountants will compile your business or personal tax return in the most tax-efficient way possible.

Presentation to the competent authorities…

We will file your tax returns with HMRC and Companies House where applicable.

Who do we provide online accountancy services to?

We provide nationally online accountancy services for a fixed, low monthly fee.

Sole Trader

Sole Traders

Simple and complete accounting services for a fixed price.

Limited Compagny

Limited Companies

Expert support for your limited company’s accounting needs

Business Partnership

Partnerships

Accounting services for partnerships provided by qualified accountants

LLP

LLPs

Qualified accountants providing accounting services for limited liability companies.

Contractors

Contractors

Simple accounting solutions for entrepreneurs and the self-employed

Other Services

Other Services

We care for all types of business accountancy From A to Z..

Taxes can be a very complex subject, so unless your tax questions are very straightforward, it’s almost always better to seek professional advice than to attempt to complete your own self-assessment tax return.

Some of the benefits of using Accounting Wise to manage your tax matters are:

Benefits of using Accounting Advice to complete your self-assessment tax return

Peace of mind
By calling on professionals, you know that your tax calculations will be correct and precise.
Investigations
You are less likely to be investigated by HMRC if you use an adviser, as HMRC has ways of knowing if figures submitted in a return are likely to be incorrect. This is a common trigger for a tax investigation.
Save time
In most cases, it will take you much longer to complete your own self-assessment tax return than it will take an assessor. That time could be better spent running your business.
Claim everything you have the right to claim
There is a very rare occasion where we take on a new client and cannot find areas to reduce the tax due. These are generally undeclared expenses. Most business owners aren't aware of all the different types of expenses that can be claimed and the best way to claim them, and that's where we come in.

Speak To The Xero Accounting Software. We take care of all the accounting and tax requirements of your business. We can also help you set up your Association and make sure it runs in the most efficient way from the start.