Express Accounting

De Claron Ltd
Express Accountancy services at affordable prices

Accounting	Property Investment Reporting	Company Secretarial Services

Top Ten Help Topics

Annual Accounts

Estimated Rental Value (ERV)

If your business is a company you are obliged by law to submit annual

accounts to Companies House. In addition, your annual accounts has to be

submitted to HMRC to assess your tax liability. If you are registered charity

then you are normally exempt from submitting a return to HMRC.

However, you will then be obliged to submit a return to the Charity

Commissioners.

Management accounts are periodic reports of the financial performance of

your business. They allow you to make comparisons with your present and

past performance to identify the strengths and weaknesses of your

business. Management accounts are usually produced on a monthly

or quarterly cycle.

Bookkeeping

Often small and medium size business lack the resources to keep track

of their finances. As a result they are usually less competitive in the market

place and are less likely meet government requirements for correct tax

returns and annual accounts submission. To help meet these requirements

we offer affordable bookkeeping services tailor made for small businesses.

VAT Returns

We prepare VAT returns. Currently businesses which have sales in excess

of a certain amount per annum have to be VAT registered. VAT means

Value Added Tax and this scheme is administered by HMRC. Businesses

which are VAT registered with the HMRC generally must charge VAT on the

goods and services they sell. The rate of VAT fluctuates according to what

is being sold. VAT registered businesses have to fill out a quarterly VAT

return known as VAT 100 Report.