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Accounting is a complicated process and can take up your valuable time to get the best results for the business, if mistakes are made it can cost the you dearly in both time and money.
Owning or managing your own business can be a challenging yet fun role, however that doesn’t mean you have an interest in, or understanding of, numbers.
Accounting is a complicated process and can take up your valuable time which could be better spent elsewhere. If mistakes are made it can cost the you dearly in both time and money.
Our team has a wealth of knowledge and experience to help you manage your business finances, giving you time to concentrate on what you do best.
All limited companies that are UK tax resident or have a permanent establishment here are required to comply with the filing requirements set down in legislation.
This comprises of two components:
Accounts set out the assets and liabilities of your company as well as the profit (or loss) arising in the year. Accurate accounts must be maintained for the benefit all stakeholders, this includes shareholders, finance providers, employees, and HMRC.
Accounts must be filed at Companies House within nine months of the end of the accounting period. Corporation Tax is due to be paid to HMRC the following day, and the CT600 must be filed before the expiration of 12 months from the end of the accounting period.
It is important to note that the profit figure within the accounts will not necessarily match that in the CT600 as certain expenses are not allowed for tax (such as depreciation and business entertaining).
By outsourcing your accounts and CT600 preparation to our team of experienced accountants, you will be ensuring that your business resources aren’t stretched and you can be assured that your filing requirements are being handled effectively
Like Companies, LLPs are required to file annual accounts with Companies House.
Unlike Companies, they have no associated tax liability. The income arising in the LLP is reported to HMRC under self-assessment (SA800) due to be filed by 31 January each year, and the tax due (both income and Capital Gains) is that of the partners and is reported in their personal Tax Returns.
Sole Traders and Ordinary Partnerships are not currently required to file their accounts otherwise than via their self-assessment tax return (due 31 January each year). Income and expenses are reported via those returns and tax and National Insurance contributions are due to be paid by the same deadline.
Making Tax Digital for Income Tax has been postponed until April 2026 and we will provide details of available services at a later date.
Regular bookkeeping means that you have better sight of your business’s financial position in real time. It also makes the preparation of annual or management accounts more streamlined meaning your are better prepared ahead of time and can manage cash flow for that dreaded tax bill.
Our bookkeeping service is a reliable and trusted business partner that offers high-end bookkeeping services at competitive prices. We have a team of highly proficient and qualified professionals, well versed with industry norms and accounting concept. Our primary objective is to offer our clients superior accounting and bookkeeping services at a budget. We value our clients and strive to offer services that add value to their business.
If you are looking to make cost savings and productivity improvements within your company, Edge Tax bookkeeping service can help. Our expert bookkeepers are able to get your business’s finances in order so you can see where changes can be made.
Quarterly (or monthly) filing requirements mean that you can be dragged into spending your time getting to grips with the VAT rules to correctly prepare returns and calculate VAT due Save yourself time and worry by getting one of our VAT experts to assist, allowing you time to concentrate on your business.
Whether you’re a business owner, company director, or property developer Edge Tax aim to reduce the burden of dealing with VAT.
As your business grows, so will your workforce, and processing payroll can be a real constraint on your time. Edge Tax can take away the hassle for you and offer a bespoke payroll service. We can advise, assist or take ownership of your payroll.
Our payroll team can maintain the entirety of your payroll processes. From calculating PAYE, NI, and pension contributions, to activating student loan repayments, circulating payslips and P60s, P11ds and P45s as well as making sure RTI filings are completed on time. We can ensure that your payroll activity is accurate, up to date and fulfilled.
Simply fill in the form below and a member of our expert team will be in touch to discuss your Tax Investigations needs and how Edge Tax can help.