Best Accountants in Oldbury

Read Our New post: When do I need to prepare my company accounts? Preparing your company's statutory accounts and filing with Companies House is one of the essential responsibilities of a limited company director. Meeting Companies House and HMRC deadlines is crucial to avoiding unnecessary penalties. All companies must file accounts with Companies House within 9 months of the financial year end. The company tax return and statutory accounts must be filed within 12 months of the company's financial year end. However, the deadline for corporation tax is 9 months and 1 day from the financial year end. This is why most accountants will work to a deadline of 9 months from the end of the financial year. However, when you established your limited company, your primary goal probably wasn't to keep HMRC and Companies House happy. That said, the sooner your accounts are prepared after your accounting period, the sooner you know what profits the business has made and what corporation tax is due. It also allows you to collaborate with your accountant to understand and gain insight into what the information within the accounts means for you as a business owner...