Over the last decade many diligent Andover businesses have come to learn a secret when it comes to preparing their tax return and year-end accounts. This secret allows them more time to spend on profit-enhancing activities rather than on compliance.
In case you don’t know this secret we’re talking about The Financial Management Centre’s year-end accounts and tax return services.
The sad truth is many small business owners operating in Andover are no different to the rest of the United Kingdom in struggling to prepare and submit their tax return and/or year-end accounts by set deadlines. In 2015 over 800,000 small business owners failed to submit their tax return online by 31st January resulting in an unprecedented level of fines.
The Financial Management Centre’s can eliminate the chances of missing deadlines and receiving fines with their year-end accounts and tax return service offered to Andover businesses.
YEAR-END ACCOUNTS SERVICE IN ANDOVER
Andover businesses operating as a limited company are required to submit annual year-end accounts to Companies House in Cardiff. Companies are required to carry out this step under the Companies Act 2006. Year-end accounts must be filed within nine months of your elected accounting reference period. Companies House issues a late fee of £150 to all business filing accounts after this deadline.
The Financial Management Centre offers an affordable and reliable year-end accounts preparation service. Our advisors work closely with you and your staff in making sure your year-end accounts are prepared accurately and within set deadlines.
If you are not receiving monthly or quarterly management accounts then year-end accounts offer the only indication the business’s health during the period in question. Many businesses in Andover rely on information contained within year-end accounts to base important business decisions upon for the remainder of the fiscal year.
Make sure your year-end accounts are prepared accurately by choosing The Financial Management Centre in Andover.
TAX RETURN SERVICE IN ANDOVER
The Financial Management Centre offers tax return services in the Andover area. This service is ideal for limited companies, partnerships, sole traders, private landlords and families earning between £50,000 and £60,000 and claiming child benefit.
Those required to file a Self-Assessment Tax Return (SATR) must do so by 31st January each year. This includes those trading under a partnership or as a sole trader. The SATR details revenue and profit/loss occurring during the prior fiscal year. The fiscal year runs each year from 6th April to 5th April.
Limited companies in Andover must file a Corporation Tax Self-Assessment (CTSA) using form CT600. Company directors must also return a SATR. Form CT600 must be filed within nine months after your accounting reference period conclude.
For both SATR and CTSA a failure to submit by the required due date results in a fine and interest charges on tax past-due.
The Financial Management Centre works closely with your business to make sure your tax return is completed correctly and well in advance of deadline day. Click here to learn the many advantages gained by submitting the return early.
Our advisor identifies each deductible expense item which could result in you paying less tax compared to completing your tax return yourself. This avoids a HMRC tax investigation and potential fines and/or interest charges on overdue tax.
We also review your bookkeeping system when carrying out this service.
HOW TO MAKE AN APPOINTMENT
Contact The Financial Management Centre in Andover today on 01264 541 075. Alternatively, complete the enquiry form.
Accountancy FAQ's
Tax and accounting can be daunting subjects for business owners. Below FAQ’s can help find the answers to the questions you may be asking.
Do I need an accountant?
By having an accountant, you will ensure that you do not put yourself at risk to the various HMRC penalties and end up having to pay interest that is charged for late registration, late submission of tax returns and late payments of tax.
How can an accountant help me?
As a business owner, your time is valuable and having the ability to spend your time on your business needs is important. By outsourcing to a qualified accountant you can do just that. Here at TFMC our qualified accountants can help you with Financial accounting and reporting, Auditing Preparation of tax documents, Management services and consulting, Financial analysis, Cash management
How much does it cost to have an accountant?
Looking after your business accounts is one of the most challenging parts to running your own business, and also one of the most important. Whether you are a sole trader, self-employed, small business, contractor or limited company TFMC can assist. Package prices vary so call our team today to find out more
Kass Verjee
Andover
Our bookkeeper in Andover Kass Verjee AICB (cb cert). FCA runs The Financial Management Centre in Andover. Kass is not only a qualified bookkeeper but he is also a Fellow of The Institute of Chartered Accountants in England and Wales and has a full practising certificate. Kass qualified with a very large firm and has many years experie...
View BioOur Plans
All our packages are fully customisable and we offer a fixed price monthly payment schedule - no surprises! This gives you certainty and allows you to spread the cost across the year.
Essential
From
£75
Per month*
Our essential package is suited to all businesses who are looking to ensure compliance with reporting requirements.
Professional
From
£300
Per month*
Take away the burden of managing finances and start focusing more on your business by investing in our professional package
Ultimate
From
£750
Per month*
Completely outsource your accounts whilst still maintaining a close eye on company performance with our ultimate package
* Fees vary depending on the size and need of the client business. Packages can be tailored so please contact us to discuss your requirements.
How can we help you
We recognise that not all businesses are the same and will be at different stages of their development. We offer a wide range of services to small-to-medium-sized businesses.
Startup
Finding the right accountant to help you look after your new business's financial side is a key decision that could save you a lot of time and money.
Learn MoreSole Trader
Sole traders are independent business people with drive and ambition. It is important that you use a dedicated accountant who understands that.
Learn MoreLimited Company
Whether you are a small-to-medium-sized business or need a fully dedicated accountant to help meet the challenges faced by limited companies, we can help.
Learn MorePartnerships
Partnerships bring certain complexities, especially when setting up with family or friends. We understand partnerships and help you grow the business together.
Learn More
Office 4, Pelican House, 83 New Street,
Andover,
Hampshire,
SP10 1DR