Besides general bookkeeping, limited companies have various accounting duties, including filing annual accounts, preparing tax returns, and filing the confirmation statement. Most company directors will need to also undertake their own self assessment tax return once a year.

All of this work takes up valuable time which may be more profitably used in other areas of the business. Furthermore, Delayed or inaccurate tax returns or other company filings can lead to various fines and penalties, including having a company struck off, directors being disqualified, or even criminal sanctions.

How can Motabar help

At Motabar, we are qualified accountants with extensive experience in advising businesses on how to maximise their company tax savings. We take care of your legal obligations whilst clearly highlighting the allowances and tax reliefs available. We not only compile your accounts at year-end and submit your VAT returns, but also undertake a multitude of other duties, including:

• Registering the company with all the relevant tax departments – VAT, Corporation Tax, PAYE, etc
• Preparing and submitting VAT returns using an approved software (MTD system)
• Setting up and running the company payroll, plus complying with the new RTI rules
• Dealing with company-related correspondence (Companies House, HMRC)
• Providing tax planning advice
• Providing dividend administration advice
• Providing professional references

We understand the nuances of dealing with the tax authorities, the correct format to submit information to HMRC, and responding to tax enquiries should they arise.

If you need advice on anything from the expenses you can offset against Corporation Tax, or whether or not you have enough retained profit to declare a dividend legally, we would be able to answer these queries with ease.