Accounts for Limited Companies
Audits may be a thing of the past, but certain annual reports still apply.
If you are a business owner, you may be familiar with the process of submitting your accounts for official inspection by an independent body. This is known as an audit.
You may also breathe a sign of relief as this most small businesses are no longer required to get their financial statements audited after the exemption thresholds were increased for financial years that begin on or after 1st January 2016.