News & Press

To ensure that your company functions correctly and remains compliant with relevant legislation and in particular the Companies Act 2006 it is important that any decisions made by shareholders are done so properly, which includes using the...

Smaller businesses can often benefit from joining the VAT Flat Rate Scheme. The Flat Rate Scheme (FRS) for VAT is a much more simplified version of the normal VAT Scheme. The basic principles of the FRS are that you charge VAT on your sales...

Not everyone is required to submit a self assessment tax return to HMRC, but if your tax affairs are more complicated, you will need to register for self-assessment and submit a tax return. Who is likely to need to submit a return? Most...

A Community Interest Company (CIC) is a business structure designed for those wishing to benefit the community, rather than solely the members or officers of the company. As such they usually constitute businesses that are considered to be...

If you are intending to sell or close part or all of your business, there are many different types of reliefs that you may be eligible to claim. These vary from Business Asset Roll-Over Relief, Incorporation Relief to Entrepreneurs' Relief....

To ensure that your company is governed correctly, it is essential to understand the types of shareholder meetings that should take place and when they should be held. The key meetings are: General Meeting A general meeting is held to...

If you are planning on disposing of your primary residence, you may be eligible to claim the Principal Private Residence Relief (PPR) against the disposal proceeds. This private residence relief means that you will not have to pay any...

The most common corporate structure is a private company limited by shares, which are managed by directors and owned by shareholders. Private limited companies have a separate legal identity to their directors and shareholders. This is an...

All companies have a number of statutory filings which must be made to Companies House, including when there is a change in corporate structure and on an annual basis. This is often a role of the company secretary, however in cases where...

The way that you are required to report your payroll information is changing - are you up to speed with the new requirements set by HMRC? What is changing? The current system requires businesses to submit annual reports to HMRC regarding...

Upon purchasing (or transferring) a property/plot of land within the UK, there is a tax that is payable by the purchaser. This is commonly known as Stamp Duty, but the full name is Stamp Duty Land Tax (SDLT). The Stamp Duty is only payable on...

There are three main functions of a balance sheet. A balance sheet provides a: Summary of the business assets (what it owns) and its liabilities (the things owed to it) The ‘net value’ of the business at a specific point in time ...