Dealing with annual accounts and corporation tax isn’t exactly the most exciting part of running a business. But the good news is, you don’t have to handle it alone. At Hardy Accounting, we’re here to make the process as smooth and stress-free as possible. Whether you’re just starting out or you’ve been in business for years, we’ll help you stay on top of your financial obligations
Every limited company in the UK has to prepare annual accounts. Think of them as a snapshot of your business’s financial health over the year. They include everything from your income and expenses to your assets and liabilities. These accounts aren’t just a legal requirement—they’re also a great way to understand how your business is performing and where it might need some tweaks.
Your annual accounts also form the basis for your corporation tax return. That’s why it’s so important to get them right. At Hardy Accounting, we’ll handle all the details for you, making sure your accounts are accurate, compliant, and reflect the true picture of your business.
Corporation tax is what your company pays on its profits. In the UK, the rate is currently 25% for most businesses, but the amount you owe can vary depending on a few things, like reliefs and allowances. This isn’t just about paying up; it’s also about making sure you’re not paying more than you should.
That’s where we come in. At Hardy Accounting, we’ll take care of everything from calculating your tax liability to filing your return. We’ll also look for ways to reduce your bill, so you keep more of your hard-earned money.
When you work with us, you’re not just getting someone to tick boxes. We’re here to give you peace of mind. First, we’ll prepare your annual accounts, making sure everything’s accurate and up-to-date. Then, we’ll handle your corporation tax return, ensuring it’s filed on time and in line with HMRC rules.
We’ll also keep an eye out for tax-saving opportunities. From claiming capital allowances to taking advantage of schemes like R&D tax credits, we’ll help you make the most of what’s available. And because tax rules and business needs change, we’ll be here year-round to offer advice and keep your strategy on track.
When it comes to something as important as your business finances, you want to work with someone you can trust. That’s why so many SMEs choose Hardy Accounting. We’re experts in UK tax law and accounting, but more than that, we’re dedicated to helping you succeed. We’ll take the time to understand your business and tailor our services to meet your needs. And with clear, competitive pricing, there are no nasty surprises.
Most importantly, we’re here to make your life easier. Whether it’s sorting out your accounts or answering your tax questions, we’ll handle the hard stuff so you can focus on what you do best.
Annual accounts are a summary of your company’s financial activity over the year. They’re essential for tracking your business’s performance and are required by law. They also form the basis for your corporation tax return.
You need to file your accounts with Companies House within nine months of your company’s financial year-end. Missing this deadline can result in penalties, so it’s important to stay on top of it.
Corporation tax is calculated on your company’s taxable profits. This includes trading income, investment income, and chargeable gains, minus any allowable expenses and deductions.
Yes, we can. We’ll look at all the allowances and reliefs available to your business, from capital allowances to R&D tax credits, and help you take advantage of them.
Missing deadlines for filing your accounts or corporation tax returns can lead to penalties and interest charges. But don’t worry—we’ll make sure everything’s submitted on time so you can avoid any fines.
