Sunday, November 7, 2010

Do you have to have a chartered accountant prepare your LTD company accounts ?

Do you have to have a chartered accountant prepare your LTD company accounts ?
Is there anything wrong with me doing my own accounts ?
Corporations - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
no. prepare them yourself to save money, then get your accountant to check and sign off
Answer 2 :
No but there are audit requirements if your company reaches a certain size, and you need to make a statement that none of the shareholders have requested an independent examination of the accounts.
Answer 3 :
you can do them but you may need to have them audited - any good accountant should save you more than their fee - are you a tax expert? if not very careful you can end up with a big tax bill - remember the tax rules change with every budget - do you really want to spend days understanding what you can and cannot claim??

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