Professional Company Accounts in Button Haugh Green

Get in touch

Company Accounting in Button Haugh Green

At The Tax Advisors, we understand that preparing and filing company accounts can be daunting for many business owners.

As a professional and affordable group of tax accountants based in the UK, we are here to help you navigate the complexities of this process and ensure that your financial records are accurate, compliant, and filed on time.

Contact us today to find out how we can help with your professional company accounts.

Get in touch

What Are Company Accounts?

Company accounts are financial statements that provide a detailed overview of a company's financial performance over a specific period, typically a fiscal year.

These accounts are essential for informing stakeholders, such as shareholders, creditors, and regulatory bodies, about the company's financial health.

Why Is It Important to Prepare and File Company Accounts?

  1. Legal Requirement: In the UK, all limited companies must prepare and file annual accounts with Companies House and HMRC. Failure to do so can result in penalties and legal repercussions.

  2. Financial Transparency: Company accounts offer transparency to stakeholders, helping them make informed decisions about investments, loans, and partnerships.

  3. Tax Compliance: Accurate accounts are crucial for calculating corporation tax liabilities and ensuring that your company pays the correct amount of tax.

The Process of Preparing Company Accounts

1. Gather Financial Information

The first step in preparing company accounts is gathering all relevant financial information. This includes:

  • Sales Invoices: Records of all sales made during the financial year.

  • Purchase Invoices: Documentation of all expenses and purchases.

  • Bank Statements: Detailed statements of all transactions made through the company's bank accounts.

  • Payroll Records: Information on salaries, wages, and other employee benefits.

  • Receipts: Proof of any other business-related expenditures.

2. Record Transactions

Once you have gathered all necessary financial data, the next step is to record these transactions accurately. This can be done using accounting software or manually in ledgers. Proper categorisation of income and expenses is crucial to ensure accuracy in the final accounts.

3. Prepare Financial Statements

The key financial statements that need to be prepared include:

  • Profit and Loss Account (P&L): This statement shows the company's revenues, costs, and expenses during the financial year, resulting in the net profit or loss.

  • Balance Sheet: A snapshot of the company's financial position at the end of the financial year, including assets, liabilities, and shareholders' equity.

  • Cash Flow Statement: This statement tracks the cash flow in and out of the business, highlighting the company's liquidity.

4. Review and Adjust

Before finalising the accounts, reviewing and adjusting them for any discrepancies, such as unpaid invoices or unrecorded expenses, is essential. This ensures that the accounts accurately represent the company's financial status.

Filing Company Accounts in Button Haugh Green

1. Filing with Companies House

Once the accounts are prepared, they must be filed with Companies House. The deadline for filing is typically nine months after the end of the financial year. This process can be completed online or by post.

2. Filing with HMRC

In addition to filing with Companies House, companies must also file a Company Tax Return (CT600) with HMRC, including the full statutory accounts and tax computations. The deadline for filing is usually 12 months after the end of the financial year.

3. Pay Corporation Tax

After filing your accounts and tax return, you will need to pay any corporation tax due within nine months and one day after the end of your accounting period.

FAQs about Company Accounts in IP31 3

What happens if I file my company accounts late?
Late filing can result in penalties from Companies House, starting at £150 and increasing the longer the delay. HMRC may also impose fines and interest on unpaid corporation tax.

Can I file my company accounts myself?
Yes, you can file your company accounts yourself. However, seeking professional help to ensure accuracy and compliance with UK accounting standards is advisable.

What is the difference between abridged and full accounts?
Abridged accounts are a simplified version of full accounts, omitting detailed profit and loss information and reducing the detail required in the balance sheet. Small companies often file abridged accounts to maintain privacy.

The Tax Advisors: Your Partner in Preparing and Filing Company Accounts

At The Tax Advisors, we offer a comprehensive range of services to help you prepare and file your company accounts with ease. Our team of experienced tax accountants provides tailored advice and support, ensuring that your accounts are accurate, compliant, and submitted on time. With our professional and affordable services, you can focus on growing your business while we take care of the numbers.

Why Choose The Tax Advisors?

  • Expertise: Our team is well-versed in UK accounting standards and tax laws, ensuring that your accounts are prepared to the highest standards.

  • Affordability: We offer competitive pricing, making professional accounting services accessible to businesses of all sizes.

  • Personalised Service: We take the time to understand your business, offering bespoke advice and solutions that meet your specific needs.

Contact Us Today

For more information on how we can assist with preparing and filing your company accounts, contact The Tax Advisors today.

Simply drop us a message and we will be in touch with help and advice.

Let us help you stay compliant, save time, and avoid unnecessary penalties.

Get in touch

We cover Button Haugh Green (Suffolk)

Get in touch

We aim to get back to you in 1 working day.


Skip to

Gallery

Other locations available for professional company accounts
The Heath Chillesford Covehithe Brome Street Earsham Street Sherbourne Street Castle Hill Sibton Mill Hill Lindsey Tye Norton Slough Hill Lambfair Green Wetheringsett Thurston Monk Soham Burgh Cuckoo Tye Wattisfield Kirkley Harkstead Little Knowles Green Nedging Back Street Ballingdon Troston Raydon Mendlesham Green The Marsh White Horse Corner Higham Dennington Corner Whatfield Ashfield Greenwich Gipsy Row Ward Green Cocks Green Stoven Chimney Street Bush Green Middleton Moor Leavenheath Wilde Street Button's Green Eyke Wetherup Street Brightwell Kessingland Beach Meeting Green Brampton Brantham East End Thwaite Stanton Great Wratting Baxter's Green Wickham Skeith Poystreet Green Bobby Hill Coles Green Common, The Ringsfield Corner Cransford Rose Green Swilland Stanway Green Stock Hill Mill Green Hanningfields Green Butley Low Corner Letheringham Ousden Needham Market Claypits North Cove Mill Green Westbourne Broad Street Babel Green Withersfield Brundish Pakenham Oulton Broad Sicklesmere Park Gate High Green Marlesford Rougham Green Thorns Snape Chelmondiston Oak Hill Hunston Culpho Farley Green Kingston Corton Brockford Street Great Livermere Westhorpe Hopton Cotton Worlingham Carlton Little Bradley Stansfield Kessingland Assington Green St Cross South Elmham Hundon Freston Blythburgh Denham Corner Priory Green Broad Green Great Green Elmsett Barningham Audley End Combs Thorpeness Coldfair Green Lidgate Burthorpe Boxford Elmswell Denham California Edwardstone Page's Green Langton Green Redgrave Westhall The Woodlands Windsor Green Conyer's Green Hunston Green Trimley St Mary Eriswell Alderton Curlew Green Ringshall Westleton Kelsale Cow Green High Street Tan Office Shelley Heveningham Stone Street Upper Street Timworth Green Fornham St Genevieve Lower Hacheston Butley Halesworth Bromeswell Calford Green Hessett Melton Maypole Green Stone Street Stanton Street Ashbocking Martlesham Athelington Little Wenham Stubbing's Green Hagmore Green Gazeley Coddenham Green Wattisham Brockley Green Fingal Street Brampton Street Felixstowe Ferry Little Glemham Little Thurlow Kingshall Street Acton Little Bealings Wrentham Long Melford Stuston Rendlesham Maidenhall Apsey Green East End Low Green Wales End The Marsh Horner's Green Wherstead Wenhaston Black Heath Clopton Corner Kersey Four Ashes Boxted Badwell Ash Dalham Barnaby Green Rushbrooke Heckfield Green Hacheston Upper Layham Thurston End Thorington Street Camps Heath Clopton Green Somerleyton Denham End Wangford West Row Hemley Old Newton Felsham Gedgrave Hall Roman Hill Wetherden Nedging Tye Yaxley Ashfield Green Redlingfield Hasketon Weybread Mickley Green Exning Calais Street Gislingham Stratford St Mary Depden Green Hadleigh Reydon Ashfield Green Ilketshall St Margaret Church End Great Cornard Hintlesham Crownland Frostenden Corner Button Haugh Green The Brook Battlesea Green Priory Heath Little Green Sackers Green Darsham Great Glemham Gosland Green Rumburgh North Common Brandon Botesdale Grinstead Hill East Barton Coney Weston Cove Bottom Rushmere Hemingstone Waldringfield Stanton Chare Weston Ditch Kingshall Green Chippenhall Green Naughton Offton Goddard's Corner Yoxford Lindsey Thrandeston Drinkstone Green Allwood Green Fen Street Rattlesden Sutton Brettenham Genesis Green Mettingham Gulling Green Pound Green Nowton Red Lodge Little Waldingfield Wilby Willisham Tye Stonham Aspal Oldhall Green Wyverstone Green Ipswich Battlies Green Elveden Stanningfield Bell's Corner Hibb's Green Hanchett Village Moats Tye Lady's Green St Michael South Elmham Belstead Stowlangtoft Thornham Parva Hollybush Corner Thorndon Hemp Green Chilton Street Freckenham Workhouse Green All Saints South Elmham Wortham Winston Whepstead Fornham All Saints Framsden Copdock Sweffling Wetherden Upper Town William's Green Hartest Playford High Street Stratford St Andrew Buxhall Fen Street Sutton Street Middlewood Green Benhall Green Methersgate Battisford Parliament Heath Little London Wissett Tuddenham St Martin Malting End Brent Eleigh Dunwich Bardwell Great Welnetham Lower Street Blacksmith's Corner Base Green Worlington Sudbury Bramford Parham Chevington East Bergholt Bacton Green Falkenham Sink St Peter South Elmham Southolt Woolverstone Swingleton Green Cuckoo Green Barrow Helmingham Clay Common Bradfield St George Wickham Street Bridge Street Nether St Somerton Pitcher's Green Upper Street Foals Green Great Waldingfield Kenny Hill Kettleburgh Great Finborough Waldringfield Heath Stowupland Ampton Brockley Wordwell Earl Soham Rede Easton Newman's Green Brundish Street Cock & End Fakenham Magna Larks' Hill Bures Green St James South Elmham Stutton Walsham Le Willows World's End Cock Street Mickfield Clare Saxtead Little Green Fern Hill Rooksey Green Market Weston Brown Street Temple End Smithwood Green Risby Barnham Westley Aspall Rishangles Black Street Langham Theberton Greenstreet Green Farnham Orford Hargrave Alpheton Herringfleet Hartest Hill Burgate Hepworth Aldringham Knodishall Sizewell Thorpe Green Long Thurlow Pettaugh Dagworth Little Stonham Bradfield St Clare Stoke Park Kenton Huntingfield Bowbeck Boyton Norton Little Green Honey Tye Shimpling Street Little Whittingham Green Hobbles Green Preston St Mary Mill Green St Nicholas South Elmham Blackthorpe Haughley Green Potash Kedington Boyton End Charsfield Rose Green Stowmarket Carlton Colville Capel Green Levington Nacton Gosling Green Tattingstone Lower Layham East Green High Street Green Mendham Santon Downham Assington Worlingworth Stackyard Green Metfield Shimpling Whelp Street Clopton Bedfield Horringer Broad Green Mace Green Beacon Hill Wickhambrook Upper Holton Buxhall Barton Mills Charles Tye Peasenhall Long Green Bower House Tye Blundeston Ford's Green Pakefield Bredfield Dorking Tye Horham Blacksmith's Green Humble Green Ellough Canham's Green Friston Broadway South Cove West Street Woolpit Sudbourne High Rougham Kesgrave Blyford Shadingfield North Green Sowley Green Kentford Great Barton Attleton Green Polstead Redisham Sotterley Rickinghall Laxfield Great Thurlow Pinford End Dublin Ilketshall St Lawrence Braiseworth Thorpe Common Creeting St Mary Warren Heath Willingham Semer Clopton Green White House Moulton Earl's Green Little Thurlow Green The Port of Felixstowe Ufford Castling's Heath Friday Street Rendham Ringshall Stocks Hadleigh Heath Trimley St Martin Chelsworth Thistley Green Flixton Great Ashfield Woodbridge Fen Street Thorington Rougham Occold Lower Holbrook Milden Glemsford Barking Holbrook Aldeburgh Bramfield Hightown Green Stradbroke Upper Street Ingham Old Felixstowe Maypole Green Bleach Green Lower Raydon Boyden End Gunton Fressingfield Great Common Akenham Gosbeck Drakestone Green Wickham Green Hollesley Chelsworth Common North Green Otley Cuckold's Green Cross Green Drinkstone Martlesham Heath Great Wenham Wyverstone Street Borley Green Thorpe Morieux Sapiston Holywell Row Lower Street Oakley Woolpit Green Lattinford Hill Mellis Green Claydon Leiston Washmere Green Bildeston Upper Town Finningham Reydon Smear Fenstead End Polstead Heath Syleham Woodbridge Walk Woolpit Heath Benacre Battisford Tye Barnardiston Coddenham Bungay Bloodman's Corner Colton Timworth Campsea Ashe Ashfield Cum Thorpe Burstallhill Bruisyard Cretingham Beccles Brockley Corner Mount Pleasant Chantry Annis Hill Barnby Washbrook Tostock Stanstead Poslingford Tuddenham Dandy Corner Smallwood Green Bury St Edmunds Crackthorn Corner Walton Landwade Combs Ford Uggeshall Creeting Bottoms Honington Mutford Hawkedon Little Saxham Candle Street Flempton Round Maple Lound Wicker Street Green St Margaret South Elmham Weston Great Bradley Kenton Corner Butley High Corner Capel St Mary Monks Eleigh Cavendish Gromford Needham Street Rushmere St Andrew Tunstall Little Finborough Crowfield Wickham Street Debenham Cross Green Ixworth Thorpe Ixworth Daisy Green Brockford Green Whitestreet Green Ringsfield Magpie Green Barham Washbrook Street Dennington Higham Sproughton Saxham Street Burstall Holton Forward Green Newbourne Euston Henley Lower Green Upper Weybread Normanston Wenhaston Hart's Green Bedingfield Upper Green Hawstead Green Mellis Little Green Denston Brandeston Frostenden West End Scotland Street Witnesham Undley Wingfield Green The Woodlands Benhall Street Holton St Mary Harleston Kirton Little Wratting Bird Street Great Saxham Pettistree Knettishall Gipping Nettlestead Thelnetham Mill Hills Maidensgrave Framlingham Withermarsh Green Friday Street Saxtead Green Lakenheath Oulton Monewden High Street Hoggard's Green Willisham Cranmer Green Stoke by Clare Bawdsey Blaxhall Melon Green Barking Tye Walpole Dunstall Green Culfordheath Ramsholt Thorpe Street Brundon Tannington Place Somersham Newmarket Hinderclay Saxmundham East Green Stoke Harrow Green Hulver Street Bucklesham Little Welnetham Daisy Green Little Cornard Knaves Green Rushmere Street Groton Cornard Tye Beyton Green Capel St Andrew Beyton Dorley's Corner Upsher Green Stradishall Flowton Broom's Barn Ilketshall St Andrew Haughley Cowlinge Acton Place Toad Row Newton Kersey Upland West Stow Thornham Magna Erwarton Wingfield Hitcham Saxtead Stoke Ash Haverhill Haughley New Street Icklingham Fornham St Martin Shingle Street Hoxne Tan Office Green Chilton Cockfield Wattisham Stone Sternfield Frizzeler's Green Chattisham Dallinghoo Darmsden Spexhall Denham Great Green Lower Falkenham Gisleham Homersfield Onehouse Swan Green Iken Great Blakenham Grimstone End North Green Westerfield Bunker's Hill Lawshall Green Brook Green Crown Corner Duck Corner Cattawade Kersey Tye Withersdale Street Bacton Great Bealings Upthorpe Mendlesham Cole's Green Broke Hall Shipmeadow Hazel Stub Beck Row Oakley Park Chedburgh Felixstowe Herringswell Wootten Green Depden Rodbridge Corner Stoke-by-Nayland Brook Street Broom Hill Kettlebaston Racecourse Lowestoft Cross Street Falkenham Palgrave Shop Corner Trimley Lower Street Southwold Badwell Green Mill Street Lackford Brome Middle Green Chediston Colchester Green Baylham Little Blakenham Henstead Great Green Hengrave Russel's Green Mells Shotley Shelland Great Bricett Grundisburgh Ash Street Broadgrass Green Eye Gedding Birds End Mildenhall Earl Stonham Cook's Green Cross Green Thorney Green Lawshall Shotley Gate Rose Hill Boot Street Eastbridge Cavenham Middleton Nayland Culford Bradfield Combust Hawstead Tattingstone White Horse Dennington Hall Cranley Wyverstone Shottisham Lavenham Chediston Green Whitton Cratfield Aldham South Green Wickham Market Mile End Gainsborough Walberswick