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...
Your limited company is required to file annual accounts to Companies House even if it’s currently in a dormant state. This is a key statutory requirement for companies in the UK. Understanding how and when to file your company annual accounts is essential for any business owner. Failure to do so ...
Finding ways to keep costs under control when you’re starting out in business can be challenging. Accessing professional services, such as marketing, or business advice, may seem like an indulgence, but will often provide a return on your investment at a later date. If finances are tight, you may ...
Running a limited company comes with a range of responsibilities, not least when it comes to accounting. Keeping accurate financial records is essential for limited companies for both compliance and financial management reasons. Preparing and filing annual accounts can be time-consuming and complex,...
Setting up a limited company brings with it a range of responsibilities. Ensuring that financial records are accurate and compliant is essential, and to achieve this will usually require accountancy services. Limited company accountant fees can vary considerably depending on a range of factors. Why ...
How to Achieve tax efficiency in personal and business finances? Becoming as tax efficient as possible should be a high priority for every business owner. Whatever the size of your operation, or its annual turnover, tax efficiency can free up extra resources to grow and develop your bu...