Companies are bound to file their accounts to the companies house every year within the duration of 9 months after completion of their accounting year. These accounts must be prepared according to the financial reporting standards which could be in the form of a balance sheet, income statement, or statement of financial position. Companies can be fined up to £1,500 if they fail to submit their accounts timely. It can be a difficult task to do for the one who is unfamiliar. Our experts’ team can make it much easier for you.

Companies are bound to submit a corporation tax return (CT600) to HMRC once a year within the duration of 12 months after completion of their accounting year. In case of failing a submission of return, companies can be penalized through fines and penalties. Therefore, all UK companies must fulfill this statutory obligation even if they made losses or don’t owe any corporation tax liability. The return has to be submitted in a specific format and it can be difficult without the help of a qualified accountant.