Accounting Services
UK Company Accounting
All companies in the UK are registered with the Registrar of Companies (Companies House) and need to provide a tax return with HMRC (H M Revenue and Customs). There are two categories of companies for accounting within the UK; Dormant and Trading.
A dormant account has not been trading during the accounting year and a nil tax return can be filed. A declaration of 'Dormant Status' will be required to be classed as dormant.
A trading company is a company which receives income and issues invoices under the company name. Any company trading within the fiscal year must provide a Corporation Tax and Trading Accounts return. For companies with an annual turnover of less than £1,000,000, a UK accountant can prepare a Small Company account. For companies with an annual turnover above £1,000,000, we will need to prepare a more complex accounting.
Cyprus Company Accounting
Corporate income tax in Cyprus is 10%. Companies in Cyprus are obliged to keep accurate records and accounting books which will be used to prepare a financial statement that complies with International Financial Reporting Standards.
Latvian Company Accounting
Accounts for Latvian SIA companies are required to prepare a monthly tax return which include business risk duty, personal income tax, state social insurance payments and salary tax. An annual report is also required to be submitted to the State Revenue Service.
Account Management
OCS Limited are able to provide a complete accounting service for managing your company formation and offshore company formation accounts. Our experienced team have developed an international network of accounting expertise to provide advice and assistance for our clients needs.