Shoe Box Accounting Services

Depending on how full your shoebox is, we won't charge more than three hundred and fifty pounds for our tax return services at the end of the year. We will also provide you with the necessary financial statements preparation for your shoe box companies.

Match Transactions: Ensure every line on your bank statement corresponds with an invoice (sales) or receipt (expenses) as part of your financial statements preparation. Categorize: Group receipts into types (e.g., travel, office supplies, software) to calculate 'allowable expenses' which reduce your taxable profit, especially important for shoe box companies. Identify Gaps: Find missing documents for any unexplained bank movements to ensure accuracy for your tax return services.

To comply with Companies House requirements, you need to prepare two core financial statements: the Balance Sheet, which provides a snapshot of what the company owns (assets) and owes (liabilities) on the final day of the year, and the Profit and Loss (P&L) statement, summarizing your total sales minus expenses over the 12-month period. This financial statements preparation is crucial, especially for shoe box companies, and is often part of the tax return services you might require.

Corporation Tax: Utilize your P&L as part of the financial statements preparation process to determine your taxable profit and calculate the tax due. Deadlines: * File Accounts: Usually 9 months after your year-end. Pay Tax: 9 months and 1 day after your year-end. File Tax Return (CT600): 12 months after your year-end, especially important for shoe box companies that may rely on tax return services.

Keep all original receipts and invoices for at least 6 years, especially if you're involved in financial statements preparation for shoe box companies. HMRC accepts digital scans, so consider using an app like Dext or Hubdoc to digitize your 'pile' for easier future filing, which can also streamline your tax return services.