To ensure your company meets its statutory obligations, it’s essential you understand its accounting period. What is an annual accounting period, why is it important, and how does it apply to limited companies in the UK? What is my accounting period? The annual accounting period for a company refe...

Larger businesses made up of a parent company and subsidiaries effectively operate as a group of interconnected entities. Despite often having different branding, products and services, management, and even customer base, they’re regarded by law as being under single control. Consolidated financia...

Providing annual accounts is a mandatory requirement for limited companies in the UK. In most cases, small to medium-sized businesses (SMEs) will usually commission professional accounting services to ensure they meet their statutory obligations. The cost of preparing and filing annual accounts for ...

Private companies have a range of reporting obligations when it comes to financial statements. These are different to the conditions that apply to public companies, with private enterprises not subject to the same level of public scrutiny. Understanding the financial reporting requirements for priva...

Setting up a limited company gives entrepreneurs a range of benefits, including limited liability, tax advantages, and professional business structures. It creates a separate legal entity, meaning the company is responsible for its debts and liabilities, separating the business founder’s private a...