Question asked by jason patterson 7 years ago
Afternoon. New to Clearbooks . My yearly accounts run August to August, so preparing them now for Companies House/ Corporation tax. As my business has a low turnover ( £70,000) it does not need to be audited so hoping to make the return myself. Is it a case of ; reports; profit and loss and submit these figures? thanks in advance.
Hi Jason - yes, given that the audit thresholds are huge, you have no problem but, you still have to prepare accounts that comply with company law and tax regulation ie over disallowed expenses, disclosures and claims for things like capital allowances (eg if you buy equipment).
If you're OK with this, and so don't need to use an accountant, then your best route is to use .GOV's joint filing site via: https://www.gov.uk/file-your-company-accounts-and-tax-return
To get the figures to enter into the data fields you need to run the P&L and Balance sheet reports in CB.
Best answerexcellent, thanks Paul.
Well done Paul. Appreciate all great advice you are providing.
Theo
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