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Approval of Formal Accounts

6 April 2010 No Comment

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Approval of accounts

In the old days traditional paper accounts were sent out by post, for approval and signature. Nowadays, HM Revenue & Customs will accept authorisation electronically and that speeds things up. That means that we now prepare PDF files and email them to clients:

  • 4xx600 report – full accounts
  • 4xx610 report – abbreviated accounts (Limited Companies only)
  • 4xx770 report – adjusted profit for tax purposes (businesses only)

Please check the PDF files which you receive, because they are based on the records which you have provided.

The formal process of preparing accounts for all businesses, no matter how small or large, ensures that no steps are overlooked. That way, when tax returns are finalised, we can be sure that we have each and every business recorded correctly.

Any paper documents which you sent to us are batched up at this stage and are returned to you by regular post. These need to be kept safe for a period of 6 years after the end of the trading period.  If you have any queries on the accounts, then please let us know before they are approved. Thank you.

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Posted on 6 Apr 2010 by The Proactive Accountant Dot Com

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