Tax Planning for Limited Companies

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Limited Company Financial Accounts for the year ended 31/12/20XX
I have now completed the work of bringing forward all balances at 01/01/2014 in preparation of completing the financial accounts to 31/12/2015
It is better if I can begin the work early and make a start by reconciling the limited company bank accounts (there are two of them).
Please note that this is the time of year when I plan all the work and it is better off I can complete this early for the following reasons:
1. By beginning the work early I reduce the likelihood of the limited company incurring any tax related penalties at companies house (accounts must be submitted by 30/09/20XX)/HMRC (accounts must be submitted by 31/12/20XX but tax paid 30/09/20XX).
2. I can better plan for the reduction of corporation tax by advising about further salary extractions to 30/09/20XX must be made by the time limit of nine months from the end of the company year end).
3. I can better plan for personal tax because directors/employees pay/further dividends/directors loan extractions must be made by the time limit of nine months from the end of the company year end 30/09/20XX otherwise these are discounted for personal tax planning purposes.
(050420XX-300920XX equates to 25+31+30+31+31+30 = 178 days = 178/7 = 25 weeks.)
Email Out: 28/03/2014
I will complete the brought forward balances to 01/01/20XX today and then wait for you to advise me that the books and records of the business.

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