Company Accounts Archive

  • Invoice

    Invoice Template v Invoice Software: Which is best for small businesses?

    One of the first things many new businesses need to learn to do is how to issue an invoice. If you are selling to other businesses, doing building work or anything other than fairly straightforward retail sales you will need to give your customers an...

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  • Second income from hobby or small business

    HMRC Clamping Down on Hobby Businesses

    Research released by RBS in January claimed that 1 in 5 UK adults are ‘hidden entrepreneurs’. These are defined as people who are running small businesses in their spare time or who are using their spare time to plan a new business venture. 38% of...

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  • Micro Entity Accounts

    Micro Entity Accounts Now Accepted at Companies House

    All limited companies have to file annual accounts with Companies House every year. These go onto the public record and are available to anyone who wants to look at them. Creating and filing the full set of accounts for Companies House can be quite a...

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  • Balancing Income and Expenses

    Simplified Expenses for Sole Traders

    The second part of HMRC’s new Simpler Income Tax scheme is Simplified Expenses. It aims to make the way unincorporated businesses (sole traders and partnerships) work out their businesses expenses more straight forward. Though the practical application of the process is as the name suggests...

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  • Changes for simpler income tax

    Income Tax Changes for Sole Traders

    The Government have introduced yet another change at HMRC which affects small businesses. Unlike most of the new schemes, using Simpler Income Tax is optional, and small businesses that qualify can choose whether or not to use it. There are two parts to Simpler Income...

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  • HMRC Bookkeeping checks

    HMRC Find 36% of Small Businesses not Keeping Proper Records

    HM Revenue and Customs have been testing out a new scheme known as BRC or Business Records Checks. Modelled around initiatives already in place in Canada and Australia HMRC have been trialling BRC since April 2011. The basic idea is to do spot checks on...

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  • small business rates relief

    Are you Claiming Small Business Rates Relief?

    A major cost for most businesses is paying their business rates. These have to be paid on any property used to operate a business from. Even if you run your business from home you still need to pay business rates. Like council tax business rates...

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  • Minimum Wage and Pensions Changes

    Two Big Changes for Employers due in October

    There are two major changes being introduced in October which will impact on businesses with employees. The rise in the minimum wage applies to all businesses. The latest rise in the minimum wage comes into effect on the 1st October 2012. The rates will be...

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  • Annual Accounts Audit Exemptions

    36,000 Companies Exempted from Audits Under New Rule Change

    After a lengthy consultation period the Department for Business has announced its intention to alter the annual audit exemption for small companies. All private limited companies are required to have their accounts independently audited every year. This can be a costly and time consuming process...

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  • Reasons Company Accounts are Rejected

    Top 5 Reasons Why Company Accounts are Rejected

    Companies House have released figures showing that they now reject 11.1% of company accounts. Using the Companies House statistics for July 2012 that means over 300,000 companies have had their accounts rejected so far this year. If acceptable accounts are not received on time then...

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  • Customer Testimonial

    I have just started up my own company ... I have had many queries, you answered all my questions, whilst being really helpful and professional.

    Richard


    We are happy with all business we have conducted with you and are quite happy to recommend you on what you have done and assistance you given us up to date.

    Stephen


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