Your Accounting & Tax Responsibilities
As a director, you are ultimately responsible for making sure that the annual accounts are submitted
What are my responsibilities as a director for tax and accounts?
As a director, you are legally responsible for ensuring your company:
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Maintains accurate financial records
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Prepares and files annual accounts with Companies House
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Submits a Corporation Tax return to HMRC
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Pays any tax due on time
What information do I need to provide?
To prepare your accounts and tax returns, GetGround will request:
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Bank statements and transaction explanations
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Invoices or receipts for expenses
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Information about any property income, mortgage interest, or other income
What happens if I miss a deadline?
Late filing or payment can result in:
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Fines from Companies House or HMRC
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Interest and penalties on unpaid tax
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Potential legal consequences
Your company could also be flagged as non-compliant or struck off the register.