Professional
ANNUAL ACCOUNTS SUBMISSIONS
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What is Annual Accounts submission
Annual accounts also known as ‘statutory accounts’ in the UK are the most important part of a company’s financial statement. The annual account submission in the UK is mandatory for all private limited companies. You send your annual accounts to Companies House whereas your tax returns to HMRC.
Along with the Companies House, you have sent the copies of the statutory accounts to:
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The company shareholders.
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People qualified to the company’s general meetings.
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HMRC as part of your Company Tax Return.
You have to submit the annual accounts by the end of the financial year of your company.
How to Get the Annual Accounts Statement
Preparing a company’s annual statement can be a complicated and time-consuming process. Such reports are accepted only by qualified accountants. You have to submit many documents with this statement. Some of them are:
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The company’s ‘balance sheet’, which shows the value of everything the company owns and owes during the last day of the financial year.
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A ‘profit and loss account’ statement, which shows the company’s sales, costs, and profit or loss over the financial year.
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Additional explanatory notes about the accounts.
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Director’s report.
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Depending on the size of your company, an auditor’s report may also be required.
There are a number of different options that are available to prepare statutory accounts in the UK. In order to get the most benefit from this type of service, you will need to make sure that you hire a professional accountant that is experienced and reputable. Accountants in the UK are required to have a license that is offered to them by the Office of the Public Sector Standards (OPS).
Pro Tax Accountants have a team of qualified accountants to take up the job of preparing your annual accounts statement. All you have to do is to prepare or online quotation request form.
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The Importance of the Annual Accounts
One of the major advantages of annual accounts submission in UK is that, it helps add to the financial soundness of your company. If you are planning to apply for the loan, it will be difficult for you to meet the requirements in the absence of annual accounts statement. You will be facing this problem because banks have the problem with the absence of information regarding the financial activities of the applicant / the company in the past. After submission of the annual statement, the bank verifies the information provided by the applicant and is likely to grant you loan, if you meet other requirements.
If you want to know about the financial information of a company, then annual accounts submission in UK is the best option for you. You can get detailed information about the financial activities and the financial condition of the company. The financial activities can be verified by checking the documents submitted by the applicants. By submitting your annual accounts you can also prove your ability for getting the financial benefits.
Annual Accounts Submission
A. Accounts
The Importance
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How Can We, as an Online Tax Accountant, Help You !"At Pro Tax Accountant, we provide online tax accounting services to companies operating nation wide in the UK. Our company is based in London and is led by a professional Certified Public Accountant with over fifteen years of experience in the highly demanding world of accountancy. The company is committed to providing the most innovative and cost-effective accounting solutions to its local as well as UK-wide clients online. Frequent lockdowns, medical advice of less social interaction and fear to get infacted during travel - all of these forced us to extend our services online. At the times of pandemic you need to consider getting these services online. That is why we have created this safe way to approach us. No physical appearnce is required on your part to access any of our services. Moreover, with the tax automation, more and more technical approach is required to be smart in your tax returns. Whether it is account reporting, corporate finance, meeting tax regulations, tracking down your company accounts or managing them - our online accounting services will give you what you need. You will get the best accountancy service from a London-based leading provider of online accounting services - PTA. Moreover, with the tax automation, more and more technical approach is required to be smart in your tax returns. You can expect to get the best accountancy services of the standard you are expecting, from a leading provider of online accounting services. Our services will streamline your reports and help you plan for the future. We also work in partnership with some award-winning auditing and finance companies. When you contact us, one of the first things we will do is provide you with a free initial counseling which helps you to get to know our services and the company. During this virtual meeting we will also get to know your accounting requirements and what you expect from us. Our experts will then go onto explaining all the key aspects of our online services we can provide you in the context of your requirements. Our company has the ability to take care of your business's finances and accounting requirements with the most innovative and cost-effective software. Accountants working with our company have a variety of skills including financial analysis, tax optimization, and preparation and approval of all your financial accounts. They are experts in the following areas: Finance & VAT, GCP (General Corporate Finance), M&A (mergers & acquisitions), Private Equity & Venture Capital, Bookkeeping, Payroll Management, Tax Management, Annual Reporting, Internal Auditing etc. The company offers the services of award-winning practitioners who are highly trained professionals. These accountants have gained both industry and government accreditation. The company works with the best available financial software to manage your accounts & Taxes. Our accountants will also go to great lengths to ensure that our clients are provided with the best advice available on their particular issues. In addition to providing the regular online accounting services, Pro Tax Accountant (PTA) is able to provide the following additional accounting services: Real Estate and IPOs, Corporate Finance, Employment law compliance, EU Reporting, Business Sourcing, New Business Startups, CIS, Inheritance Tax, Property Taxes, Accountant’s Certificates etc. If you have any questions regarding the accountants' services we provide, you can contact us at any time in working hours or can leave a message after working hours. The accountants are also available for walk-in help at working times. Apart from these main advantages, our online accounting services will also provide various other advantages. For instance, our customized financial software can help you understand your financial information accurately and manage it well. This will make it easier for you to budget your financial management and get rid of unnecessary expenses. Our software will automatically transfer the relevant information to the computer about your accounts. The computer will then create the required financial reports that will be needed by your creditors, banks or even government agencies like tax departments. It will streamline your reports which can help you plan for the future. In order to help you understand the advantages of using the online accounting services, you can always consult the experienced accountants at Pro Tax Accountants. Our team of accountants and financial analysts will guide you through the entire process and help you choose the right option to meet your company's needs and budget constraints.
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