Do I Need An Audit?

Some UK companies are required to have their annual financial statement audited, and others are exempt from the statutory requirement due to their size or (in a few cases) their nature. Organisations which fall below certain thresholds are usually exempt from audit, unless they are members of a group. The thresholds determining company size for Read more about Do I Need An Audit?[…]

Finalists in IAB UK and International Business and Skills Awards 2016

Our Director Samantha, has been shortlisted for Accountant of the year in the IAB UK and International Business and Skills Awards 2016. This national award recognises accountancy talent that has made an invaluable contribution to their clients, by  going above and beyond to help their clients. The 2016 IAB UK and International Business and Skills Read more about Finalists in IAB UK and International Business and Skills Awards 2016[…]

Companies House – Confirmation Statement

Companies House has announced that from June 2016 the Confirmation Statement will replace the current Annual Return. So what does this mean? At least once a year you will need to review the information held by Companies House and confirm whether it is correct or not. What is involved in a Confirmation Statement? Just like Read more about Companies House – Confirmation Statement[…]

Employment Allowance 16/17 – what does it mean to a sole director of a limited company?

As mentioned in a previous blog, there are a few changes to the Employment Allowance this year (2016/17), that you need to take note of: The allowance has increased from £2,000 to £3,000 Eligibility – one of the main changes is if you are the directors and only paid employee, you are no longer eligibility Read more about Employment Allowance 16/17 – what does it mean to a sole director of a limited company?[…]

New dividends tax – what does it mean as a director of a limited company?

The most common way to pay yourself as a director of a limited company is using a mixture of salary and dividends. Keeping your salary low minimises the amount of National Insurance you have to pay, as dividends does not attract National Insurance.   Therefore, most directors take a small salary and the remainder of Read more about New dividends tax – what does it mean as a director of a limited company?[…]

Dividends – What is it and how do I pay it (After 6 April 2016)?

What is a dividend?   A dividend is a payment a limited company can make to shareholders when it has made and retained a sufficient profit.   For this year 2016/17, the government has chanced how dividend is taxed, you will no longer receive a nominal tax credit, but you will be able to take Read more about Dividends – What is it and how do I pay it (After 6 April 2016)?[…]

New Companies House online search tool

As previously mentioned companies house is moving to Gov.co.uk, well they have and have launched a new online search facility called BETA service available via http://beta.companieshouse.gov.uk So what is available? It currently allows searches of: Company overviews Document images Company officers Disqualified directors Changes to a company registered office address. What else can we expect? Read more about New Companies House online search tool[…]

Personal allowances, rates and bands 2016-2017

Most people have a Personal Allowance – an annual amount of tax-free income. The rates of Income Tax you pay depend on how much taxable income you have above your allowance. Personal Allowance for 2016/17 = £11,000 Income Tax Bands Band Taxable income Tax rate Personal Allowance Up to £11,000 0% Basic rate £11,000 to Read more about Personal allowances, rates and bands 2016-2017[…]