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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 and Tax Returns Luton East

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YEAR-END ACCOUNTS & TAX RETURN SERVICE IN LUTON

The Financial Management Centre in Luton offers local businesses an affordable and reliable tax return and year-end accounts service. Completing such tasks often equates to unnecessary stress for many small business operating in the Luton area. Instead choose to save time and avoid unnecessary penalties by choosing our competitively priced service.

 

YEAR-END ACCOUNTS SERVICE IN LUTON

The Financial Management Centre’s advisors in Luton offer a year-end accounts preparation services to local businesses. Year-end accounts are a requirement only for those trading as a limited company. If you do not receive monthly management accounts then year-end accounts may represent the only record of your businesses financial standing during the period in question. Thus it is essential your year-end accounts represent a fair and accurate view of your business’s performance for the period they cover. In turn allows you to base sound business decisions on information stored in year-end accounts.

You must file year-end accounts within nine months following your financial ‘year-end’. Companies House levies a £150 fine for businesses failing to submit their accounts on time. When you select The Financial Management Centre in Luton our advisors work closely with your team in completing this important compliance documents this making sure you do not receive a late fee.

 

TAX RETURN SERVICE IN LUTON

In contrast to year-end accounts, all Luton business must file a tax return to HMRC by set deadlines. Your tax return details revenue and profit your business earned over the prior fiscal year. For sole traders and partnerships the deadline for submitting the return falls on 31st January each year. The return for such businesses is called a Self-Assessment Tax Return (SATR). Private landlords, those earning bank interest over a set threshold and parents earning between certain amounts are also required to file a SATR.

Limited Companies are required to file a Corporation Tax Self-Assessment(CTSA). This is known as form CT600. The deadline date for filing form CT600 is calculated with reference to your elected fiscal year-end. This date varies from company to company. You must file your first CT600 within twelve months after the date of your fiscal year-end and then nine months after your fiscal year-end for subsequent returns.

When you choose The Financial Management Centre in Luton to file your tax return our advisors work closely with you and your staff to make sure the return is completed well in advance of deadline day. Penalties apply for late submission and interest charges on unpaid tax.

We offer competitive rates for this service and our advisor takes advantage of all possible tax deductions you may legally claim.

 

HOW TO MAKE AN APPOINTMENT

Contact The Financial Management Centre in Luton today on 01582 879872. Alternatively 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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