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 Returns in Horsham

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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.

YEAR-END ACCOUNTS FOR YOUR HORSHAM BUSINESS

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.

TAX RETURN SERVICE FOR HORSHAM BUSINESSES

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.

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 Horsham today on 01403 851011Click 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.