cis_paul
25th June 2010, 07:34
We've just registered a new Limited Company in order to expand our business into a new market.
The new company is simply supplying services locked after by the "original", which employs a bookeeper and engages the services of an accountant for Annual Returns.
We have considered simply tasking the bookeeper with new company's books, but since the 2 operate in different cities and there will be a delay in processing transactions I have an interest in simply doing the booking myself under her guidance where necessary.
That seems to be no problem and fellow directors are happy as is Bookepper, I have some experience in this.
The accountant is (justifiably) concerned, but since the new company is small (most large expenses and salaries are not paid from it) we intend to apply to Companies House to file abbreviated accounts. Also to complete only the short CT600.
I was hoping to hear from someone who also files abbreviated accounts and CT600 short themselves to get an idea of the pain?
I'm willing to suffer a little in return for the benefit of having complete control in the first few years and to avoid the annual £500 charge.
If this does transpire to be a "doable" thing it seems there can be issues in submitting returns after the initial 'long' period so I wondered if there was any point in voluntarily submitting returns after 12months?
Thanks for any opinions.
The new company is simply supplying services locked after by the "original", which employs a bookeeper and engages the services of an accountant for Annual Returns.
We have considered simply tasking the bookeeper with new company's books, but since the 2 operate in different cities and there will be a delay in processing transactions I have an interest in simply doing the booking myself under her guidance where necessary.
That seems to be no problem and fellow directors are happy as is Bookepper, I have some experience in this.
The accountant is (justifiably) concerned, but since the new company is small (most large expenses and salaries are not paid from it) we intend to apply to Companies House to file abbreviated accounts. Also to complete only the short CT600.
I was hoping to hear from someone who also files abbreviated accounts and CT600 short themselves to get an idea of the pain?
I'm willing to suffer a little in return for the benefit of having complete control in the first few years and to avoid the annual £500 charge.
If this does transpire to be a "doable" thing it seems there can be issues in submitting returns after the initial 'long' period so I wondered if there was any point in voluntarily submitting returns after 12months?
Thanks for any opinions.