Compliance and Taxation
The administration in operating a company is more extensive than it may first appear. Our team has a wide range of commercial and corporate experience and can provide a cost effective, professional and efficient service in the following areas, allowing you to concentrate on developing your business:
- New company formations and director appointments
- Shareholder and other changes requiring notification to Companies House
- Preparation and submission of annual returns and accounts to Companies House
- Advice on the issue and transfer of shares
Accounts are essential for compliance and taxation. We provide information that is useful and appropriate to your business. RGA prepare a variety of accounts and reports to suit your business requirements. These include:
Small registered companies are required to submit statutory accounts to Companies House within 9 months of the business’ year-end. We ensure that the accounts contain the information to meet their legal requirements.
Statutory accounts are also submitted to the Inland Revenue along with a tax return. These accounts can also serve other purposes such as support for mortgage applications.
Sole trader and partnership accounts
Year-end accounts also provide an invaluable source of information for sole traders and partnerships. They provide a clear picture of how your business is progressing and show an acceptable level of drawings. RGA will prepare and explain your year-end accounts to you in a way that allows you to understand how your business is doing now and plan for the future. The accounts figures are transferred into your personal tax return or partnership return for submission to the Revenue.
At RGA, we provide quarterly management accounts that are accompanied by practical advice at a meeting or by email to help you plan. Based on the information provided in these management accounts we will offer advice and strategies to help your business grow in the most tax efficient way, and on the implications for your personal tax. We will work with you to help you understand as much of the accounts as you wish to; the more that you can do so, the more involved you will feel and more able you will be to implement the advice we give you.
Require more information?
If you would like more information or would like to speak to us direct then call us on 01877 331322. Or if you would prefer, ask us a question online.