Limited Company Accounts

If you are a company director or business owner in the United Kingdom, you are responsible for preparing and filing your company's accounts and paying corporation tax to HM Revenue and Customs (HMRC).

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Company accounts are financial statements that show the financial performance and position of your company. They include documents such as the balance sheet, which shows the company's assets, liabilities, and equity, and the profit and loss statement, which shows the company's income and expenses.

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Corporation tax is a tax on the profits of companies and other organizations that are incorporated as limited companies. If your company is based in the UK, you will need to pay corporation tax on your taxable profits.

To file your company's accounts and pay corporation tax, you will need to register your company with HMRC and set up a corporation tax account. You will then need to file your company's accounts and a corporation tax return with HMRC by certain deadlines.

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It's important to keep accurate and up-to-date financial records, as they will be used to calculate your company's profits and determine the amount of corporation tax you owe. If you are unsure about your obligations please schedule a free initial consutation with us to find out how we can help.