Annual Accounts
Your time is valuable. You need to spend it focusing on important strategic priorities, not preparing, and filing annual reports and associated compliance renewals for your entities. Businesses must comply with the deadlines and filing requirements—navigating the complexities on your own can result in errors, endangering your company’s good standing. Save time, avoid risk, and never miss a filing deadline. Let Taxman Chambers take annual accounts & reports and related filing obligations off your plate.
Annual accounts are financial statements that a company prepares at the end of each financial year to provide an overview of its financial position and performance.
The financial statements typically include an income statement, a balance sheet, a statement of changes in equity, and a cash flow statement.
The annual accounts must be prepared in accordance with generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS).
Company Annual Accounts
Directors of limited companies must submit annual accounts and the corporation tax return to Companies House and HMRC generally within nine months of the end of their financial year. This is a complex process requiring professional expertise and specialist systems. It’s rare for to be found outside recognized accounting firms.
Accuracy is key. It is illegal to knowingly submit inaccurate accounts as they can affect how much corporation tax your business pays. Banks, investors, and other external parties will also evaluate your business’s accounts if they are considering lending to, investing in or partnering with your business.
Your business can be fined for filing inaccurate information or missing the deadline for filing its annual accounts.
⦁ Practical recommendations to improve the accuracy of accounting records
⦁ Advice on accounting systems and software
⦁ Review and highlight opportunities to help you develop your business
⦁ Provide detailed financial information for future reference
⦁ Assist with bank presentations
⦁ Practical recommendations to improve the accuracy of accounting records
⦁ Advice on accounting systems and software
⦁ Review and highlight opportunities to help you develop your business
⦁ Provide detailed financial information for future reference
⦁ Assist with bank presentations
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We prepare taxes, plan for the future, and provide advice on all of your financial needs. We take a comprehensive approach to our clients. We don’t just apply a single solution.
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