Covid-19 (Coronavirus) Update

Coronavirus is having a huge impact on all sectors of business. Despite this, businesses are still having to manage their books, file VAT returns, run payrolls and most importantly their credit control processes. TFMC is continuing to provide our full range of services through this difficult time. For the latest information and support visit our Blog section or use our app with regular updates sent direct to your phone.

YEAR-END ACCOUNTS & TAX RETURN SERVICE IN FARNBOROUGH & FARNHAM

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The Financial Management Centre in Farnborough and Farnham offers a comprehensive year-end accounts and tax return service for your business. Statistics reveal many businesses throughout the United Kingdom struggle with the burden to file the tax return and/or year-end accounts. In the case of the tax return HMRC revealed over 800,000 small business owners failed to file their tax return on time last year. If you feel you too struggle with financial red tape why not take advantage of our competitively priced service. Our advisors take the stress out of these otherwise burdensome tasks so you are free to focus on your core business activities instead.

 

YEAR-END ACCOUNTS FOR YOUR FARNBOROUGH & FARNHAM BUSINESS

Year-end accounts are submitted to Companies House. Only those trading as a limited company are required to do so. This is a requirement under the Companies Act 2006. All limited companies must prepare and submit year-end accounts within 9 months of their elected year-end. A failure to do so results in a penalty and/or the business being struck off the Register. The Financial Management Centre in Farnborough and Farnham makes sure you do not forget to file your year-end before the required date. In fact we offer a range of company secretarial services.

If you are not in receipt of monthly management accounts then year-end accounts may be the only record you maintain of your businesses performance for the financial period. Thus having access to accurate year-end accounts is vital for reasons over and above mere compliance.

 

TAX RETURN SERVICE FOR FARNBOROUGH & FARNHAM BUSINESSES

All business in Farnborough and Farnham must file a tax return to HMRC each year. This return details the business’s income and expenses and allows you to determine your tax liability for the period in question.

Sole traders and partnerships are required to file a Self-Assessment Tax Return (SATR) on or before 31st January. This related to the prior financial year running from 6th April to 5th April. We make sure our customers submit their tax returns well before 31st January. Please not the actual bill does not need to be settled at the same time we submit your return and you are still able to pay the bill by the 31st January. Getting your return in early means you learn the extent of your tax liability for the period. You are thus able to plan to pay the bill without disrupting cash flow.

Limited companies are subject to Corporation-Tax Self Assessment (CTSA). You must complete and return form CT600 12 months from the end of your first accounting period and nine months from the end of the accounting period thereafter.

A failure to complete your tax return accurately or on time may lead to fines well into four digits. May small businesses in the Farnborough and Farnham area are able to avoid the stress associated with filing tax returns by engaging the services of The Financial Management Centre.

We offer competitive rates and you gain a trusted advisor. We help our Farnborough and Farnham customers drive their businesses forward by offering a range of services including bookkeeping and management accounting.

 

WHO ARE TAX RETURN SERVICE IS FOR

Our tax return service is ideal for the below list of businesses and individuals:

  • Sole traders
  • Limited companies
  • Directors
  • Landlords renting out property
  • Parents earning over £50,000 per annum and claiming child benefit
  • Pensioners earning over £100,000 per annum
  • Those paying PAYE and earning over £100,000 per annum

 

CONTACT US TODAY

Contact The Financial Management Centre in Farnborough & Farnham today on 01276 409036Click here to learn the location of your nearest office or complete the enquiry form.

How can we help you

We recognise that not all businesses are the same and will be at different stages of their development. We offer a wide range of services to small-to-medium-sized businesses.

Startup

Finding the right accountant to help you look after the financial side of your new business is a key decision which could save you a lot of time and money.

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Sole Trader

Sole traders are independent business people with drive and ambition. It is important that you use a dedicated accountant who understands that.

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Limited Company

Whether you are a small-to-medium-sized business or need a fully dedicated accountant to help meet the challenges faced by limited companies, we can help.

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Partnerships

Whether you are a small-to-medium-sized business or need a fully dedicated accountant to help meet the challenges faced by limited companies, we can help.

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Our Plans

All our packages are fully customisable and we offer a fixed price monthly payment schedule - no surprises! This gives you certainty and allows you to spread the cost across the year.

Essential

From

£75

Per month*

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Our essential package is suited to all businesses who are looking to ensure compliance with reporting requirements.

Professional

From

£300

Per month*

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Take away the burden of managing finances and start focusing more on your business by investing in our professional package

Ultimate

From

£750

Per month*

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Completely outsource your accounts whilst still maintaining a close eye on company performance with our ultimate package

* Fees vary depending on the size and need of the client business. Packages can be tailored so please contact us to discuss your requirements.