Knowledge Centre Category: S

Statutory Accounts

Statutory accounts are the statutory financial statements a company must prepare at the end of its accounting period and file with Companies House, providing a formal record of its financial position and performance. Green Accountancy aims to have year-end accounts finalised within one month of receiving a complete and accurate set of client records.

Seed Enterprise Investment Scheme (SEIS)

The Seed Enterprise Investment Scheme is a government initiative offering 50% income tax relief to individuals who invest up to £200,000 in very early-stage trading companies. It is designed to help small, new businesses raise their first round of capital by making investment significantly more attractive to potential backers.

Self-Assessment

Self-assessment is the system used by HMRC to collect income tax from individuals whose tax affairs are not fully dealt with through PAYE, including company directors, landlords and the self-employed. Green Accountancy prepares and submits personal tax returns for clients as part of its personal tax service.