Small companies – Accounts filing options Changes to UK company law removed the option for small companies to file abbreviated accounts for accounting periods starting on or after 1 January 2016. If you’re a small company you have 4 options for… Read More ›
Company Accounts
Making Tax Digital – Unincorporated businesses & landlords.
Unincorporated businesses, including landlords – Big changes ahead! Extensive changes to how taxpayers record and report income to HMRC are being introduced under a project entitled Making Tax Digital. Unincorporated businesses, including landlords, will be the first to see significant… Read More ›
Limited company’s first set of accounts
What to know when preparing your first Limited Company Accounts. You’ll usually need to send more than 1 Company Tax Return after your limited company’s first year. When you set up your limited company, you’ll automatically have different reporting dates… Read More ›
How to put together your company’s statutory accounts for Limited Companies
How to put together your company’s statutory accounts Statutory accounts must include: a ‘balance sheet’, which shows the value of everything the company owns and is owed on the last day of the financial year. a ‘profit and loss account’,… Read More ›