Accountants In Manchester

accountants in Manchester

If you are setting up a business in Manchester there will probably come a time when you will need to use the service of accountants in Manchester. Perhaps you will be able to manage by yourself at first if you have some bookkeeping skills, but as the business grows an accountant can be of great help.

When you have a business, it is important that you pay your taxes in time. All companies in the UK must submit their business accounts to Companies House, at a date no later than 10 months after the account reference date. If you need to, you can change your accounting reference date, but there is a limit as to the time frame and also the number of times a company is permitted to do this within a period of five years.

Businesses have to pay a number of different taxes such as income tax, VAT and also corporation tax. The amount of tax you pay will depend on the money you make annually and your taxable profits, as well is the legal status of your business. Needless to say, all this can be quite confusing, and this is where an accountant comes into play. He will know which papers you need to send and how to present your accounts in the proper form. Although of course you will need to pay an accountant, the time saved will allow you to concentrate on running your business while also giving you peace of mind that your paperwork is in order.