Preparing for your annual accounts

All companies must prepare annual accounts: for shareholders, and for returns to HM Revenue & Customs (HMRC) and Companies House. Smaller companies, with an annual turnover of less than £10.2 million and total assets under £5.1 million or companies with less than 50 employees generally do not require an audit.

Almost all companies use accounting software and the services of an accountant to prepare their accounts. Being organised makes it relatively simple to provide the information your accountant needs. You can also use this information to review and improve your business operations.

Associates and members only

This resource is for IoD members and associates only. Please log in or click below to find out about the many benefits of IoD membership.

Better directors for a better world

The IoD supports directors and business leaders across the UK and beyond to learn, network build successful and responsible businesses.

Extending your financial knowhow

Browse valuable finance and tax resources from the IoD.
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