Year-end accounts

Statutory accounts and the Corporation Tax return for a limited company, on time.

1. Send the client the year-end checklist
2. Collect bank statements, invoices and receipts
3. Reconcile the bank and the VAT returns
4. Post accruals, prepayments and depreciation
5. Draft the statutory accounts
6. Work out the Corporation Tax and draft the CT600
7. Director reviews and approves the accounts (A director signs off)
8. Tell the client the Corporation Tax due date. Most people forget this: The tax is due 9 months and 1 day after year end, three months before the return
9. File the accounts at Companies House
10. File the CT600 with HMRC

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