Whether a Sole Trader or a Limited Company business accounts can be a real headache;
in fact, lots of business owners admit to being kept awake at night worrying about
the state of their accounts. In fact, many business owners don’t actually know the
financial state of their own businesses, simply because they either:
Only have a sketchy understanding of the accounting processes
Their books are so far behind that they have completely lost track of where they’re
The frightening fact is that most of these business owners do have an accountant,
but the accountant only provides limited services on a reactive basis.
A good proactive accountant such as us will ensure that you know where you are with
your finances. As long as we have the information from you we can file accounts and
returns in good time to prevent any fines or penalties coming your way.
A Sole trader must have their Self assessment Tax return filed and completed by the
31st January if filing online. If tax is due and the return is not filed then fines
and penalties may be imposed. These fines and penalties increase with the amount
of time the return is overdue.
A Limited Company must file its accounts at Companies House within 9 months of the
accounting year end. The corporation tax must be paid within 9 months of the year
end and a Corporation Tax return CT600 must be filed within 1 year of the accounting
year end. Fines and penalties for late filing of any of these documents are imposed.
These fines and penalties also increase with the amount of time the accounts and
returns are overdue.
Accounting Plus UK aims to offer a proactive service that provides good all-round
support providing the figures you need, when you need them.
We can cater for all businesses, Limited Companies, Sole Traders, Partnerships and
LLP’s. Take a look at the services available: