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If your Horsham based business struggles with your year-end accounts or tax return obligations you’ll be glad to learn of The Financial Management Centre’s offerings in this important area. Our advisors work closely with your business to ensure prompt and accurate completion of your year-end and tax return well before deadline day arrives. Many small businesses throughout the United Kingdom struggle with compliance obligations each year. In fact HMRC revealed during the last financial year over 800,000 small business owners failed to file their tax return on time. Missing important deadlines in this area results in hefty and entirely avoidable fines. Make sure you are not caught out this year too by choosing The Financial Management Centre to complete your tax return and/or year-end accounts on your behalf.
Fortunately only those trading as a limited company must file year-end accounts to Companies House. Partnerships and sole traders are not required to file year-end accounts.
Limited companies are compelled to do so under the Companies Act 2006. Your Horsham business if trading as a limited company must file year-end accounts within 9 months after your year-end. If you fail to file year-end accounts you become subject to financial penalties which can easily run into four digits. Fines are doubled if you miss the submission deadline for two consecutive years together. The Financial Management Centre in Horsham makes sure you do not forget to file your year-end before the required date. We offer a range of company secretarial services.
All business must file a tax return regardless whether you trade as a limited company, sole trader or partnership. The tax return must be completed and filed online to HMRC. The tax return details the income your business generated during the financial period in question. The tax return also lists all business expenses used in the calculation of your tax liability.
Sole traders and partnerships must file the tax return online on or before 31st January 2015. Taxation paid relates to the prior tax year running from 6th April until 5th April the subsequent calendar year. We advise our customers to submit the tax return well in advance of 31st January. This allows our customers to plan tax payments without disrupting their business’s cash flow. Your tax bill does not need to be paid co-currently when you submit your tax return. You simply learn the extent of your liability and you are awarded with ample time in which to pay the liability. Furthermore any tax refund you are due is paid immediately upon submission of your tax return.
Limited companies must file a Corporate Tax Self Assessment (CTSA) by way of form CT600. This must be filed within 12 months from the end of your first Accounting Period and 8 months after your Accounting Period thereafter.
The tax return service we provide ensures your return is received by HMRC well in advance of set deadlines. Our advisors work closely with you and your team to make sure all possible tax deductions are applied to your final bill. To learn more about this service call today on 01403 851011.
Our tax return service is ideal for the below list of businesses and individuals:
Having been recommended Brian Johnstone of The Financial Management Centre by our accountants, we met with him and explained what our business required. By working closely with our administration team and accountants, Brian has put together a book-keeping service which assists the financial management of our business, giving a cost-effective alternative to employing our own accounts staff.
Brian has always provided a friendly and responsive service
It's such a relief to not have to worry about getting it right - all I have to do now is remember to keep the paperwork in a file and pop it round to Brian once a month - the team at The Financial Management Centre are always professional and has meant that I keep on track and ensure that my VAT return is submitted on time. I would highly recommend Brian and The Financial Management Centre to other small businesses.
The Financial Management Centre UK Limited.
Registered in England & Wales company number 06304852.
Basepoint Business Centre,