The situation
A consultant had set up a limited company and thrown himself into the work. A year on, the filing deadlines were approaching and he realised he had accounts, a corporation tax return and a confirmation statement all due, with records spread across spreadsheets and his bank.
The problem
Company accounts must follow accounting standards and be filed at both Companies House and HMRC, with the CT600 agreeing to the accounts. He was unsure of the deadlines, unaware the tax was due before the return, and at risk of penalties from two directions.
What we did
- Organised the records. We turned his spreadsheets and bank data into a clean set of figures.
- Prepared accounts and CT600. We produced statutory accounts and a matching tax return, claiming his capital allowances and expenses.
- Filed everything on time. Accounts to Companies House, accounts and CT600 to HMRC, and the confirmation statement, with the exact tax and date to pay.
What changed
Every filing was made on time, the corporation tax was minimised by claiming every allowance, and he now has a clear yearly routine. He also took an efficient salary and dividend mix, saving tax personally.
What this shows
A first year of company filings feels daunting, but with the records organised and the deadlines mapped, it is entirely manageable, and claiming every allowance keeps the tax down.
First company accounts due?
We prepare and file your accounts and CT600, claim every allowance, and give you a clear routine, so the company side never becomes a worry.