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If your Huddersfield or Halifax business struggles with the burden imposed by the tax return and year-end accounts why not turn to The Financial Management Centre?
Our advisors work tirelessly with a number of small businesses in the Huddersfield and Halifax area making sure compliance issues are dealt with correctly and affordably.
During 2015 almost a million small business people failed in submitting their tax return by the 31st January deadline. Many simply do not understand how to fill in this document correctly. This lack of confidence results in procrastination.
If you identify with this situation call The Financial Management Centre in Huddersfield and Halifax today on 01484 598034
Limited companies operating in Huddersfield and Halifax are obliged to submit annual ‘year-end’ accounts to Companies House in Cardiff. Thankfully this obligation does not extend to businesses trading by way of partnership or sole traders. This obligation to submit year-end accounts is set out in the Companies Act 2006. A failure to submit ‘year-end’ accounts prompts Companies House to issue an automatic penalty. Penalties are charged on a sliding scale up to several thousand pounds. If you fail to submit year-end accounts for two consecutive years’ fines are doubled. Year-end accounts must be submitted to Companies House within nine months after your ‘accounting reference period’.
If you choose The Financial Management Centre in Huddersfield and Halifax to complete year-end accounts our advisor works closely with you and your team making sure accounts represent a true and fair view of business finances over the fiscal year in question. If you do not receive monthly or quarterly management accounts your year-end accounts are probably the only record of financial performance for the period in question. Thus choose The Financial Management Centre to competently complete this task on your behalf.
The service we provide is affordable and means you free up precious time for spending on core business activities instead.
All companies operating in Huddersfield and Halifax must file a tax return to HMRC each year. The tax return details revenue and profit/loss for the period in question. For limited companies the tax return covers the ‘accounting reference period’. For sole traders and partnerships the return covers the official ‘fiscal year’ from 6th April until the following 5th April each year.
Limited companies must file a Corporation Tax Self Assessment (CTSA) using form CT600. This form must be submit within nine months after the end of your elected ‘accounting reference period’.
Partnerships and sole traders must file a Self-Assessment Tax Return (SATR). This document is filed to HMRC over the Internet. The deadline set by HMRC is 31st January each year. During 2015 almost one million people failed to submit their return on time. This figure signifies many small business people struggle with the requirement to complete and file their tax return. A lack of understanding often leads to procrastination. If you submit your tax return after 31st January you risk being charged a £100 fine plus interest charges on tax overdue.
If you too struggle with your tax return responsibilities why not consider making an appointment with The Financial Management Centre in Huddersfield and Halifax today. Our tax return service is affordable and accurate. Our advisors work closely with you and your team making sure all legitimate expenses are deducted from your tax bill.
Our advisors make sure your return is filed well before 31st January. Click here to learn the many advantages gained by submitting your return early.
Contact The Financial Management Centre in Huddersfield and Halifax today on 01484 598034. Alternatively complete the enquiry form.
Huddersfield & Halifax
Dear Nichole, At digitalARC we strive to set the highest standards in client service and it is something we expect in those who supply us. Having used the services of The Financial Management Centre recently for my bookkeeping requirements for digitalARC, I cannot recommend you highly enough; you dealt with the work quickly, efficiently, professionally and all for a very fair cost. I had slipped a long way behind with my bookkeeping and with...
Dear Nichole, When I set up business I undertook looking after my books myself and as I started getting busier not only was the monthly bookkeeping taking longer and longer than expected, it was the one job I dreaded. I soon realised that I need to outsource this non-core activity to an experienced and rustworthy supplier. Since then I have used two or three different bookkeepers to help get organised. When I switched to TFMC the decisio...
Dear Nichole, I would like to personally thank you for your company's customer service and professionalism, the staff at The Financial Management Centre are always friendly and helpful even when I leave things to the last moment. Your services are the most cost effective way I found to run our wages and would not have any hesitation recommending you to any of our clients or friends. Keep up the good work. Yours Sincerely
Dear Nichole, I just want to express my appreciation for the excellent work you carried on behalf of Creative Installations Ltd. Bookkeeping and accountancy work are always at the bottom of my list when it comes to working in the office and as a result get left until the last minute and this year was no exception. So with HMRC and Companies House breathing down my neck I asked if you could come to the rescue. Well you did! And not only did y...
Mix 'n' Twist Bartending provides a premium and professional bartender and mobile cocktail bar hire service. After two years of dramatic growth it was clear I needed professional financial support and that's when I came to Nichole. As I am extremely unorganised Nichole and her team sorted the confusion of numbers and many receipts out. In the initial meeting Nichole provided advice to ensure we went forward using the correct accounting softw...
Dear Nichole, I am writing to thank you for the excellent bookkeeping service you have provided to my business. Before undertaking your service my accounting was in a bit of a mess as it had been neglected for a few months by my previous bookkeeper. You and your team soon got everything back into place and were able to meet the tight deadline set. On top of this you have already begun the process of helping me to recover over a £1000 w...
Dear Nichole, At Rattle Media we pride ourselves in being experts in our field. We also believe that, as exerts, we should be able to help our clients understand what we do, making sure they get the most out of our services. As a new business owner, I am not an expert in finance. While I have managed our accounts for the first two years, I have struggled to get to grips with the basic concepts that a financial expert would see as trivial. Yo...
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