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48 Railway St, Llanhilleth, Abertillery NP13 2JB

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Preparation of annual reports

Why involve an accountant in the preparation of annual reports?

Many owners save money on accountancy services by experimenting with expenses or including things that are not allowed. HMRC inspections are rare, but if an offence is found, the business will be fined for all the years it has been in operation. This can lead to bankruptcy.

The director is always responsible for the accuracy of the accounts, even if they have been prepared by an accountant.

A qualified accountant:

Will check the documents and help you avoid mistakes.
He will explain how to keep proper records and that you must keep accounts for 5 years.
Don’t put your business at risk. Contact KAIROS-K – your reliable partne in finance..

Algorithm of working with us

1. Fill in the application form

After receiving an application for the required service, you will receive an email with an opportunity to book a meeting and a form for data collection.

Filling out the form in advance will help save time and make our meeting as productive as possible.

2. Meeting in ZOOM and verification

The purpose of our meeting is to get all the information we need to provide you with a quality service.

We will discuss the specifics of your business, the costs involved, and explain what documents you need to support it.

Following the meeting, you will receive a checklist with a list of required documents. During the meeting, you will also be able to verify us as your tax agent.

3. Approval and submission of the report

Based on the data we receive, we will prepare the accounts and send them to you for approval

Once approved, we will send the accounts to HMRC and/or Companies House.

You will then receive a set of accounts with receipts for submission, as well as accounts or a completed income and expense journal.

Our Certificates

Preparation of a declaration of self-employed persons

For self-employed persons with an annual income of up to £50,000 without keeping records of expenses and without employees

£120-£300

Self Assessment Tax Return

This is the main report that a self-employed person must submit to HM Revenue & Customs (HMRC). It includes details of income, expenses, and other tax matters relating to a person in a particular tax year.

Submission Deadlines: If you submit the report in paper format, the deadline is October 31 after the end of the tax year. If you file an electronic report, the deadline is January 31 after the end of the tax year.

Payment of Tax: Based on the Self Assessment Tax Return report, the amount of tax to be paid is determined.

Payment Deadlines: Taxes are generally due by January 31 after the end of the tax year.

The cost of a report depends on its content. In general, there are three price options for the most common options:

£120 – a declaration based on income and trading allowance (excludes expenses)

£180 – a declaration with income and expenses (requires proof of expenses)

£300 – a declaration that includes foreign income or other special types of income (capital gains, pension income, etc.)

Preparation of annual reports for dormant companies

A Dormant Company in the UK is a company that does not trade during a certain financial year. That is, the company did not receive or spend any money.

£180

Confirmation Statement

Confirmation Statement (formerly known as Annual Return) is a report that confirms the current information about the company, such as the names of directors, the address of the registered office, etc. This report must be submitted annually to Companies House.

Dormant Company Accounts

Dormant Company Accounts: These are simplified financial statements that must also be filed with Companies House annually. These reports do not reflect the company’s activities, but confirm its inactive status.

Corporation Tax Return CT600

If a company was previously active and has tax liabilities to HMRC, it may also need to file a corporate tax return, even if it is now inactive. However, if HMRC has been notified of the company’s inactive status and has agreed that it is inactive for tax purposes, a tax report may not be required.

Preparation of annual reports for companies trading without VAT

Preparation of annual reports for operating companies (up to 60 transactions per year per bank statement) excluding VAT.

Excess transactions and additional reports or applications are paid in excess of the tariff based on the current price list at the time of ordering. Please contact our manager for details.

£850

Annual Accounts

This is a financial report submitted annually to Companies House.

Typically, you have 9 months after the end of your fiscal year to file these reports. Please note that the deadlines may differ for newly established companies in their first year of operation.

Corporation Tax Return CT600

A tax report (Corporation Tax Return, form CT600) is submitted to HM Revenue & Customs (HMRC).

You usually have 12 months after the end of the tax year to file this report. However, corporate tax must be paid within 9 months and 1 day after the end of the tax year.

Confirmation Statement

The Confirmation Statement (formerly known as the Annual Return) is submitted to Companies House annually.

The date of filing will be noted in the company’s documentation, and it is usually the anniversary of the company’s registration or the date of the previous Confirmation Statement.

Preparation of annual reports for VAT-registered businesses

Preparation of annual reports for companies with VAT accounting (up to 60 transactions per year based on a bank statement)

Excess transactions and additional reports or applications are paid in excess of the tariff based on the current price list at the time of ordering. Please contact our manager for details.

£1980

Annual Accounts

This is a financial report submitted annually to Companies House. Typically, you have 9 months after the end of your fiscal year to file these reports. Please note that the deadlines may differ for newly established companies in their first year of operation.

Corporation Tax Return CT600

A tax report (Corporation Tax Return, form CT600 ) is submitted to HM Revenue & Customs (HMRC).

You usually have 12 months after the end of the tax year to file this report. However, corporate tax must be paid within 9 months and 1 day after the end of the tax year.

Confirmation Statement

The Confirmation Statement (formerly known as the Annual Return) is submitted to Companies House annually.

VAT Returns

The VAT RETURNS report is usually submitted to HMRC every three months (quarter), although there are other options (for example, annual submission). You should stick to the schedule you chose when registering as a VAT payer.

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    Additional Individual Services

    If you urgently need one specific service, please see the price list for one-time services below:

    Business Registration:

    £60

    Registration of an individual entrepreneur (self-employed person)

    from £240

    Registration of an LTD

    Administrative Functions

    £3.42

    Entering primary documents instead of the client for one document

    £12

    Maintaining labor contracts for personnel and document flow per person per month

    Filling out Applications

    £300

    Registration as a VAT payer

    £60

    Obtaining an EORI code

    £120

    Filling out an application for opening a bank account for business

    £60

    On the construction scheme of CIS

    Preparation of annual reports:

    £120

    Preparation of a declaration of self-employed persons earning up to 50 thousand pounds per year without keeping records of expenses

    £120

    Preparation of a tax refund declaration

    £180

    Preparation of financial statements and statement of confirmation and filing at Companies House for dormant companies

    £780

    Preparation of financial statements and confirmation and update statements to Companies House for operating businesses up to 60 transactions per year based on bank statements

    £1980

    Preparation of annual accounts and confirmation and update return to Companies House + annual VAT return for trading companies up to 60 transactions per annum based on bank statement

    Compliance Services:

    £180

    Business Document Drafting Support

    £300

    Basic Website Documents Package - Terms of Use + Privacy Policy

    £600

    Extended Policy Package to include additional specific policies, e.g., anti-fraud, anti-bribery

    £480

    Claim Structuring Guidance

    £360

    Support in preparing complaint drafts

    £60

    Participation of a lawyer in negotiations when concluding a contract per hour

    £300

    Business Support Session on international law and the double taxation of taxable persons

    £60

    Consultation of the professional business advisor on UK taxes