Dormant Company Accounts
Your organisation is dormant if it isn’t doing any business. It doesn’t have other wellsprings of salary, including speculation pay. What are the dormant company accounts? A dormant company is one that has no ‘significant accounting transactions’ during its monetary year. Such organizations are viewed as inert for corporation tax purposes since they’re not associated with any exchange movements. This includes buying and selling merchandise and enterprises. If you plan on filing account for a dormant company then you should know that when your company is dormant, you don’t have to tell Companies House until it’s time to file your annual accounts. However, you must tell HMRC as soon as possible.
Does a Dormant Company Have to File Accounts?
If your organization stays dormant for a period of time, you need to advise HMRC that you’ll no longer be trading. You don’t have to cover corporation tax or record another company tax return. You should meet the bookkeeping and recording commitments to finish the yearly government forms regardless of whether you have any tax liabilities or not. Wondering why do companies file dormant accounts? Well, bear in mind that there’s no such transaction happening during the budgetary period due to which the organization gets dormant organization status. One advantage of having a dormant company status is that it diminishes the legal weight of an organization. Notwithstanding yearly records, all dormant organizations must document a yearly affirmation explanation.
Don’t want to invest much time in your dormant company accounts? Leave that upon our dormant accountants to look after your business. We understand that no transaction takes place if you’re wondering why should you spend time on a dormant company’s accounts but it is better to stay safe than sorry hence you should leave your dormant company/companies on us and focus on your businesses that are running successfully.
How it works?
Working with us is as easy as ABC. Please see the process below.
Simply choose the package that meet your business needs & Make the payment online by your debit or credit card.
Once you have paid, it will take your to document uploading page. Simply upload the documents or email information to us.
Our team of accountants will prepare the accounts & let you have accounts for your approval via email.
What makes us different?
There are several reasons why you should work with us. Some of them are listed below to make faster & wiser decision.
We believe in automation & use Xero, Quickbooks, Sage & many other online software.
You'll only pay for the services that you need and its all fixed so no more surprised bills.
We are Chartered
We are Regulated by ICAEW, ACCA & AAT so rest assure you'll be in the same hands.
On time filing
Your Accounts will be filed on time, every time. As long as you provide us information on time.
We have 100 years of combined experience. what else do you want for that price?
Free E-mail Reminders
Yes, we'll send you free reminders in the future so you don't miss any deadlines.
Because it's numbers game
See what we have done to date.