All businesses must report their profits or losses to HMRC.
For a privately held company and LLP’s, you have 9 months after the year end to file your accounts with Companies House. We can ensure you are compliant with the Companies Act producing year-end financial statements.
You will need to also report your results to HMRC and file a corporation tax return within 12 months of the year end. However, HMRC want payment within 9months and a day.
For those who decide not to incorporate a company, then individuals, partnerships and limited liability partners will have to ultimately report their earnings through self-assessment.
Our dedicated business services tax team can help calculate the results and ensure compliance with HMRC.