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.

Client’s should take extra steps:

· At the end of their company’s first year.

· If client restart a dormant organization.

Filing Accounts and Tax Returns

Client file’s their records with Companies House and your Company Tax Return with HM Revenue and Customs (HMRC).

They might have the option to file them together in case client have a private limited organization that does not need an auditor.

CAPS-IT can apply to extend client’s account filing deadline.

Application to extend client’s account documenting deadline time with Companies House if client can’t send their account due to an occasion beyond their ability to do anything about – for example, if a fire destroyed company records before your filing deadline.

CAPS-IT will apply for the extension before client’s filing deadline.