*Bookkeeping records and organises a business’s financial transactions.*VAT returns summarise VAT collected and paid by a business.*Year-end accounts show a business’s financial performance over the year.*Tax returns (self-assessment) report an individual’s income and tax owed to HMRC.*Corporation-tax-return declares a company’s income and calculates tax due to HMRC.*Management accounts provide regular financial insights to help run a business.
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Dormant Company*
*A dormant company is a business that’s officially registered but not doing anything — it’s not selling, buying, or making money. People set one up to save a business name or get things ready before they start trading. Even if nothing is happening, you still have to send a couple of basic forms each year to Companies House to keep it active.