We are an experienced (over 20 years), qualified and trusted Accountants in Milton Keynes, providing affordable accountancy and taxation services. Our services include limited company Accounts, corporation tax, PAYE, Bookkeeping & personal tax services to Self-Employed/Sole Traders. We are affordable fixed fee accountants.
Accounts FAQ
Companies pay CT, this is separate from your personal tax liability. CT is worked out based on complex tax laws, again we can help you with preparation and filing of CT return 2019/2020 year ends.
Q: What is the deadline to file a CT return?
A: 12 months after year-end but any CT liability has to be paid earlier.
Q: Are dividends expense for the company?
A: No, dividends are paid post-tax profits and reserves.
Q: What if my director loan account is overdrawn at year-end?
A: There are certain rules when it comes to overdrawn director loan account at year-end, generally it has to settle within 9 months after year-end to avoid further CT charge which is refundable eventually on the settlement of overdrawn director loan account.
We can help with filing of companies' annual return (AR) and other forms with companies house.
Q: What is Annual Return?
A: It is a document basically summarizing details on a company registered office, officers, shares, and shareholders. It is different from the company's annual accounts. Generally, there is a little fee to be paid to companies house with AR filing
We offer Fixed Fee for our clients and free initial meeting.