Annual Accounts and Corporation Tax
As a director of a limited company, you are required to annually file:
Accounts to Companies House
Accounts and corporation tax return to HMRC
Confirmation statement to Companies House
In addition to this, you may wish to view your company's position on a monthly or quarterly basis, to give you more control over your cash flow. Management accounts traditionally act as a budgeting tool so you can monitor your income and expenditure; however, they can also be used to determine the shareholder's dividends and future corporation tax liabilities.
Are you self-employed?
Thinking about switching to a limited company but not sure if it is right for you?
Get in touch, and we can discuss the different taxes and compliance requirements for each scenario.