At the end of first fiscal year, client’s limited organization should plan:
Full (legal) yearly records
A Company Tax Return
Client should want their records and expense form to be prepared in time for documenting with Companies House and HM Revenue and Customs (HMRC).
They can likewise utilize CAPS-IT to work out the amount Corporation Tax to pay.
Action Required
CAPS-IT file’s first accounts with Companies House 21 months after the date cleint registered with Companies House.
File’s for annual accounts with Companies House 9 months after client company’s financial year ends.
Calculation’s to Pay Corporation Tax or tell HMRC that client’s limited company does not owe any 9 months and 1 day after your ‘accounting period’ for Corporation Tax ends.
File’s for a Company Tax Return 12 months after client’s accounting period for Corporation Tax ends.
Client’s accounting period for Corporation Tax is the time covered by their Company Tax Return.
Filing client’s accounting records and tax return.
CAPS-IT can file with Companies House and HMRC together or independently.