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    Company Accounts & Corporation Tax

    Tycoon Accountants are experts in helping contractors, freelancers, and independent consultants operate through limited companies.

    We’ll manage your company accounts and corporation tax compliances.

    Year-End Company Accounts & Corporation Tax

    Pearl Accountants will file all the annual accounts limited companies are required to submit to Companies House and HMRC, including a full CT600 Corporation Tax Return.

    All of your accounts will be submitted in the correct format e.g. full accounts or abbreviated accounts. We’ll be fully compliant with your disclosure requirements.

    You won’t have to worry about incurring any penalties because Pearl Accountants will make sure you never miss a deadline.

    Every company should essentially prepare its Statutory/Company accounts annually. The purpose of doing this would be to produce a simplified breakdown, an account of the financial state that the Limited Company is in that year and how it is performing.

    At the end of the company’s financial year these assignments should be completed and submitted to:

    • All Shareholders
    • Companies House
    • HMRC

    FINANCIAL PLANNING STRATEGIES

    Company accounts are an overview of a business to aid stakeholders in making any required decisions. They are not meant to be extremely detailed or very in-depth – that would not be helpful for the task they are prepared for.

    Corporation Tax returns

    Every Limited Companies should submit a Company Tax Return (CT600) and Company Statutory Accounts to Customs and the HM Revenue. This should include how Corporation Tax was calculated, including a Profit & Loss Account which is different to your Profit & Loss account for statutory accounts. Asking for advice from a qualified accountant is the best way to help reduce corporation tax for your business. Pearl Accountants have only passionate, qualified Chartered Accountants who are very adept and have many years of experience helping small-medium businesses organize and plan their tax strategies and showing them how to get more effective results.

    Deadlines

    Private Limited Companies (LTD) have different deadline regulations compared to Public Limited Companies. Both depend on the date of your Company’s accounting reference (also known as the year end date). Once your company is first incorporated, the date of this day is automatically set as the first anniversary of the last day of the month in which you formed the company-this does not change.
    If we take a look at an example: if a company is formed on the 2nd of April 2016, then the automatic accounting reference date would be, 31st April 2017. Meaning the next year the year end date would be the same month on the last day of that month.

    Your own Team of Experts

    Tycoon Accountants will give you a dedicated team of experts, led by your own personal accounts manager, giving you advice and support whenever you need it.

    What Help we can offer

    Assuming that you are a limited company Pearl Accountants will submit yearly accounts to HMRC and Companies House while also submitting a full CT600 Corporation Tax Return to HMRC. Pearl accountants aid in the submission process and make you’re your accounts are handed in, in the correct format, e.g. full accounts or abbreviated accounts. We will also ensure compliance with your disclosure requirements. No penalties will be experienced since Pearl will ensure no deadlines are missed