preparingcompanyaccounts003
Hiring an agent for Preparing Company Accounts One of the most anticipated and most dreaded days of any business person is the year end time of preparing company accounts and filing of the returns annually. For businesses, this is an important time, the cost imposition and time away from conducting their business. Preparing Company Accounts involves meeting legal requirements which include Filing annual accounts with Companies house, filing annual accounts to HMRC, filing corporation tax return and paying Corporation tax in a timely manner. The corporation tax return will become the benchmark for company’s tax calculations each year. When preparing company accounts the following statements must be present: Balance Sheet, A profit and loss account and Notes, the format of each statement is set out in The Companies Act. Preparing Company Accounts can be complex and cumbersome process this is the reason majority of businesses ensure they engage manag