Tuesday, 10 December 2013
Teacup Tuesday... Small Business Admin
Yep we have to hand in a balance sheet and P&L accounts to Companies House (via paper as LLPs can't yet do this online). Since we're small we're exempt from the auditors report... but don't forget to declare this on your balance sheet!! We recently had our accounts rejected because I'd included a cover letter to accompany the account sheets (oh and forgot to print my name next to my signature).
HMRC uses the same accounting information but they want it on their own form (why these two institutions can't share the information I don't know!!).
All of these need to be complete before the end of the year, well since we fill in our HMRC return online we have until the end of the year!! So while wrapping up orders to be delivered before Christmas, we're also writing down numbers, doing our sums & posting off our accounts to the powers that be! It truly is a very busy time of the year.
So with this in mind, my thoughts turn to our next big seasonal push... Easter!