Financial accounts must be prepared by every company registered in the UK. This is even the case if a company is yet to start trading or is dormant as they will need to submit dormant accounts. However, sole traders and partnerships are not required to prepare financial accounts for filing with companies house & they only need to prepare & file their self-assessment tax returns with Hmrc. If in any doubt, please contact us for more information about the obligations your business is under to prepare accounts.
Yes, you can, but we do not recommend it. You must remember that accounts are a legal document and that they can be investigated by HMRC. Also, you could end up paying more tax than you should if you prepare your own accounts. Therefore, it makes sense to have them prepared properly by a qualified professional.
Company accounts must be submitted to Companies House within nine months of the end of the company’s financial year-end, and to HMRC within 12 months of the year-end. You face financial penalties if you do not submit your accounts on time.
We are based in Southend-on-Sea, but we work with clients from all over Essex and London. Our clients come from towns and cities including Leigh-on-sea, Thorpe Bay, Rochford, Shoeburyness, Basildon, Brentwood, Chelmsford, Maldon, Colchester, Romford, Harwich and more.
This really depends on the size and scope of your business. However, we pride ourselves in providing the highest quality of service for competitive prices. Please contact us today and we can discuss this with you and provide you with a fixed fee quote for our service.