• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

How long should you wait for your accounts after year end

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    #11
    Originally posted by SouthernManc78 View Post
    Don't you need to pay your corporation tax 9 months after your year end? You'll need your accounts done by then so you know how much to pay, also if you don't have the money sitting in your account ready to pay HMRC then you may need time to get the money together as depending on your profit amount it could be a sizeable chunk of money and you don't want any surprises.

    I'd be kicking off with them for such a delay, they obviously don't value your business
    You really shouldn't need your final accounts to be done in order to calculate your corporation tax. If you have a decent set of management accounts or use an online bookkeeping system you should always know what your CT liability is (barring any oddities like timing differences etc.).

    Comment


      #12
      Myco Year End is August. We left our old accountants when we kept having to chase for accounts and would get excuses such as "Lots of our other customers are asking for theirs so you're in a queue" progressing to "we're doing clients personal tax returns now, so we'll get to it in February", through to chasing before April.

      We told our new firm this was one of the reasons for changing. We don't expect our accounts back next day, but generally they're with us before the end of September.

      Comment


        #13
        We have a promise/guarantee of having your account's done within 4 weeks from when we receive all the relevant info (bank statements etc.).

        However with today's modern software (FreeAgent) your account's can be done within days.

        Comment


          #14
          Yet another feason to use Free Agent software. Everything you need to know is there in real time.
          Public Service Posting by the BBC - Bloggs Bulls**t Corp.
          Officially CUK certified - Thick as f**k.

          Comment


            #15
            Originally posted by Fred Bloggs View Post
            Yet another feason to use Free Agent software. Everything you need to know is there in real time.
            A lot of shilling goes on for FreeAgent. While it might be good it isn't the only solution, you know.

            We use Sage. We can see everything too.

            Comment

            Working...
            X