Statutory
Accounts
Preparing statutory accounts is one of our core services at OOA Consulting. We
can offer you the option to work with your own records or you may want us to
gather the data as part of our bookkeeping service.
We’ll
complete your statutory accounts efficiently and submit them on time while
ensuring they meet regulations and conform with submission standards. We’ll
work through the corporation tax calculation and advise you of its impact on
your business and possible strategies.
The aim of
filing statutory accounts is to report the profit and loss the company has made
and calculate the corporation tax liability if any. The
necessary documents to be included are the balance sheet, a profit and loss
statement and notes on the accounts.
In
accordance with the tax law, limited companies and limited liability
partnerships of all sizes are legally required to file their statutory accounts
with the Federal Inland Revenue Service (FIRS) within 6 months after the
accounting year end.
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