Summer Tax Brief
Cash basis by default From 6 April 2024 the cash basis has replaced accruals as the default method for preparing sole trader and partnership accounts for tax purposes. Previously, only unincorporated businesses with total receipts below £150,000 were entitled to opt out of accruals and file their accounts with HMRC using the cash basis. That…
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Confirmation Statement
A confirmation statement is a filing requirement for all limited companies and LLP’s (Limited Liabilities Partnerships) in the UK and this is a legal requirement and is done through Companies House https://www.gov.uk/government/organisations/companies-house. A confirmation statement is due every 12 months even if your company is dormant this means non trading or even if it has…
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Company Secretarial Services
This is where you set up a limited company to trade through and this must be done through Companies House https://www.gov.uk/government/organisations/companies-house Once the company is set up there are thigs that must be done annually but some things only need to be done if there are any changes. Forms that need to be submitted on…
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Companies House Changes
The Economic Crime and Corporate Transparency Act became law in October 2023. Since then, we’ve been getting ready to introduce the measures brought in by the act. The introduction the first set of changes on 4 March 2024. The introduction of these changes needs secondary legislation, so this date is still dependent on parliamentary timetables.…
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