Consulting
Accounting & Bookkeeping
Accounts made easy
We can prepare statutory accounts and file your limited company tax return
Running a successful limited company requires time, patience and a stack of paperwork. In the UK, if you run (or are thinking of launching) a limited company, you’re legally required to report financial information to Companies House and HMRC annually and throughout the year.
This includes the likes of a Confirmation Statement, Annual Accounts and a Company Tax Return. This isn’t just a ‘nice-to-have’ add-on, it’s a legal requirement. And failure to file or pay on time can result in a large fine or criminal offence.
Before it ever has to get to that stage, our trained and fully-licensed limited company tax accounts can take the hassle and worry out of limited company accounts. With more than 13 years’ experience in the industry, we can prepare your statutory accounts and file your limited company tax return. While ensuring you’re optimising your business’ tax efficiency and meeting your compliance needs.
So no matter whether you’re a business startup based in Teddington or your company has been running for years, we can help from start to finish.
While we love nothing more than preparing statutory accounts, our range of taxation and accounting services doesn’t stop there.
Our friendly team of small business accountants can help you improve cash flow and stay on top of your all-important tax bill with our bookkeeping services.
We can also take away the stress and worry that comes with submitting a Self Assessment Tax Return to HMRC.
And if your business is VAT-registered — or needs to be — our VAT accountants can help you handle the registration process, file returns using software that’s compatible with Making Tax Digital (MTD) and keep you in the know about new VAT laws and regulations.
What are the requirements for running a limited company in the UK?
From an accounting perspective, a trading Limited company must file an Annual Accounts and Corporation tax return. It must file a PAYE return and pension contributions monthly if it employs staff. If trading revenue exceeds £90k, it needs to file VAT returns. CIS returns must be submitted monthly if a company trade is construction.
Can I handle my limited company’s accounts myself if it has minimal turnover and expenses?
Yes, you can do your own company accounts; there is no legal requirement to have an accountant for this.
What software is best for filing annual accounts for my limited company?
Companies House has a list of software for filing accounts. You should consider which features you need and make sure the software you choose has those features. Our company specialises in Xero and FreeAgent.
How can I save on Corporation Tax for my Limited Company?
Claim every allowable deduction and expense, keep your book well organised, do regular business finance planning, consider speaking to a tax advisor, and explore current government tax relief schemes.
Do I need to file accounts for my Limited Company if it has no revenue?
Yes, once the company is registered, you must file annual accounts in any way, even if the company is dormant.
Empowering small businesses to grow.
