We believe that financial accounts are a very
important business tool, they serve more than
fulfilling company law requirements.
It is true that every company needs to produce
accounts for Companies House and the Inland
Revenue but the information contained within
them is just as valuable to the directors when
making business decisions.Companies with a
net turnover of less than £1 million (£5.6
million for year ends after 30th March 2004)
will not normally require an audit to be
performed on the financial accounts. They will
however need to produce a set of accounts which
comply with the Companies Act and be signed by
the directors who take responsibility for their
accuracy.
For companies with a turnover in excess of
the current exemption limit an audit will be
required. We will arrange for an audit to be
conducted by an independent registered auditor.
In both cases the financial accounts,
corporation tax computation and form CT600 need
to be filed within strict timelines to avoid
penalties.
The increased reporting obligations,
investigation policies and harsh penalties
levied by the tax authorities mean that an undue
amount of your time and resources can be taken
up collecting revenue for the Government.
Corporation tax represents a significant part of
trading costs. As specialist advisors we offer a
range of services to help minimise your
corporation tax exposure whilst relieving you of
the administrative burden of complying with tax
legislation.
Benefits of our service include:
Taking advantage of tax
opportunities and reliefs
Making the most of industry specific
tax opportunities
Meeting the rigorous demands of
compliance
Acting on your behalf in discussions
with the tax authority
Determining the most tax effective
structure for your circumstances
If you have any questions and wish to speak to
an advisor, call us now on:
Tel: 01277 725252 |
