Annual Accounts & Corporation Tax
Businesses are required to file Corporation Tax to HMRC while the Annual Accounts are prepared for the accounting period and submitted to Companies House.
However, on or after 2026, requirements for submitting Corporation Tax will change as well. HMRC is planning to expand the same digital approach for MTD, making businesses liable for declaring business profit via the approved software. Similarly to VAT-registered enterprises and sole traders report on their quarterly VAT returns.
Automation is used not only for accurate accounts & tax return preparation but also for enhancing business efficiency.