Goodbye Abbreviated Accounts…..

Welcome to the second of our series of blogs on accounting changes.  All companies have to file their accounts at Companies House each year. Micro, small and medium companies have the option of submitting a little, or significantly, less than their full accounts. Currently, small companies have two alternative options, if they don’t want to… Continue reading Goodbye Abbreviated Accounts…..

Autumn Statement & Spending Review

On Wednesday 25 November the Chancellor George Osborne presented the first Autumn Statement of this Parliament along with the Spending Review. His speech and the supporting documentation set out both tax and economic measures, however the primary focus seems to have been on the Spending Review, rather than the Autumn Statement, which will hopefully make… Continue reading Autumn Statement & Spending Review

What is an Annual Return?

An Annual Return is a document that all limited companies must prepare and deliver to Companies House once a year.  It is the responsibility of the directors to ensure that this happens. It is different from your company’s annual accounts or tax return and usually won’t be completed at the same time. Companies House will… Continue reading What is an Annual Return?

Times are Changing! (Well, Accounting Standards are Anyway…)

When we prepare a set of accounts for a limited company, one of the first things we do is work out what size the company is.  This will determine how we prepare the accounts, and which set of rules (standards) we will follow.  The general rule is that the smaller the company is, the smaller… Continue reading Times are Changing! (Well, Accounting Standards are Anyway…)

CASHFLOW AND CASHFLOW FORECASTING

What is cashflow? Cashflow is the flow of money in and out of your business. Receipts from customers, refunds from suppliers and refunds of tax are all cash inflows. Wages, supplier payments and tax payments are all cash outflows. Managing cashflow is key to ensuring that you can pay wages, make payments to suppliers and… Continue reading CASHFLOW AND CASHFLOW FORECASTING

Help – I’ve received a letter from The Pension Regulator

If this is you don’t panic! My name is Becky and I am the Payroll Manager and this is what I get asked all the time. So what does the letter mean for you? The Pension Regulator (TPR) has been advised by HMRC that you have a payroll scheme and the government insists that you… Continue reading Help – I’ve received a letter from The Pension Regulator