Annual accounts preparation and compliance

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Year-end accounts are required for all businesses; our team assist with the preparation of accounts for companies, sole traders, partnerships, LLP’s, LP’s, charities, trusts and pension schemes. Our friendly team of specialists will help you to ensure that your accounts comply with the relevant accounting standards and that deadlines are met. For companies we also assist with the preparation of the iXBRL accounts file for online filing with HMRC.

If you would like to know more about our Independent Examination Services, please contact either or

The exact responsibilities of a company secretary depend on the size and nature of the company, but generally it is the person responsible for the efficient administration of the business. Ultimately, a company secretary is the primary source of advice on the conduct of a business and the role has grown over the years. Now he or she is seen as the guardian of the company’s compliance with both the law and best practice. You may prefer to outsource this role, to ensure full compliance with the companies act and other legislation. Our team members act as company secretary, or outsourced financial director, for a number of organisations including charities, independent schools and SMEs.

See our dedicated Company Secretary page for more information and guidance on the role.

Confirmation Statements (previously known as Annual Returns), were brought in on 30 June 2016 and are an annual requirement for all limited companies and limited liability partnerships. On submission, this statement guarantees that you ‘check and confirm’ the information held with Companies House is correct and have made any necessary amendments. For the first confirmation statement submitted, information must also be provided on people included on the ‘People with Significant Control Register’ (PSC) within the business.

Our team can assist in the preparation of the Confirmation Statement and also advise on the ‘People with Significant Control’ (PSC) Register

All charities must have their accounts externally scrutinised by someone independent to ensure that they are prepared in accordance with regulations and the charity is trading in line with its governing document. For readers, it also gives reassurance in the figures and narrative included in the accounts.

An independent examination by a qualified accountant is required if:

  • An audit is not specified in the governing document
  • The accounts are prepared under the accruals basis
  • Income is below £500,000
  • Assets total £3.26 million or less

Our experienced team can provide this service for charities. Find out more about how we can help you!

Llanelli Railway Goods Shed Trust

“I am very happy to endorse Chiene + Tait. We have received invaluable advice from them regarding VAT issues. They have been very thorough and efficient throughout and have acted on our behalf in dealing with HMRC. They identified major savings on the VAT on the capital cost which has enabled our project to move forward.”

Neil Sutherland, MD, Makar

“We were introduced to Chiene & Tait in relation to an R&D tax credit application to HMRC and to say were were delighted with the outcome is an understatement. The specialist service provided made all the difference for a very successful claim and subsequent financial payout. Since this initial experience we have not hesitated in working with Chiene & Tait in subsequent years with continued success. I would reconvened their services to any progressive organisations engaged in R&D activities.”

Martin Nadin, Chief Executive, Scottish Veterans Residences

“They are well-informed about the charity and third sector. Their performance has been seamless, runs on rails, and their size allows them to provide us with a personalised service.”

Chris Wright, Founder, deltaDNA

“We have especially liked Chiene + Tait’s approach: they have always taken a long-term view, working with us to make sure we correctly allocate R&D and show to HMRC the reason each project is valuable research. This has allowed us to successfully secure the tax credits with the minimum of fuss and the confidence each year to invest. I cannot rate Chiene + Tate highly enough. Having worked with other firms during the years on R&D Tax Credits, Chiene + Tait are by far the most professional, easiest to work with and ultimately the best at maximising the value back to the company.”

Tabatha McCree-Cox, Tarbraxus Distillers

“Chiene + Tait offered that expertise which is really important. They have a very friendly team. For example, Kerry on the VAT side has been really good, very detailed: she sets out the information very clearly along with what needs to be done. They are so much better than the previous firm we used.”

Richard Cooper, CEO, Novosound

“Novosound chose to engage with Chiene + Tait for specific tax advice prior to commencing its spin out. We chose C+T due to their deep knowledge of tax treatment with respect to share issues at company formation. This knowledge was exceedingly useful before and during the spin out process. The firm was easy to deal with and when a particular issue arose at the 11th hour, they dropped everything and developed a practical solution that suited all parties. All together C+T are a great firm to work with.”

Bruce Weir, Director, CW Properties

“Chiene + Tait have been excellent to deal with over the last ten years, with clear robust advice on all aspects of our company work. They really do think through solutions to provide best advice at all times.”

Gillian Brown

“They are efficient and I’ve found the people to be easy to work with. They are very transparent in their approach, and always very quick and professional in their responses. I do regard them as a trusted adviser.”

Karen Stark, Head of Finance, Care Visions Group

“Chiene + Tait have provided Care Visions with a professional service from the start: the set-up and parallel runs gave me so much confidence in the decision to outsource. The team at Chiene + Tait are always professional, extremely helpful and reliable.”

Enable Scotland

“As an organisation, we have had a hugely positive experience working with Chiene + Tait. The firm is easy to work with, flexible and promotes a real sense of confidence in their work and advice.”

Barry McCorkell, Director, Aubrey Capital Management

“I had no hesitation in asking for advice from the Chiene + Tait team when HMRC selected us for an Employer Compliance Review. Having longstanding trusted advisers at our side made it a lot easier and a lot less stressful! HMRC’s recommendations were quick to be addressed and adopted so the review, which could have been a challenging and unnerving experience, was instead professional and efficient. I would have no hesitation in recommending the C+T team to anyone in the future.”

Neil Wilkie, COO, Mironid

“We have been delighted to work with Chiene + Tait on our R&D tax credit claim over the past few years. The guidance and professionalism of the C+T team has resulted in a smooth submission process with a concomitant successful outcome. I’d highly recommend their services.”

Keith Thompson, Head of HR, Hampden & Co

“Chiene + Tait are responsive and helpful, and I thoroughly enjoy working with them. They are clear about up-front costs, and I find they provide a good service and value for money.”

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