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Directors - what are you confirming?
We're looking here at the Companies House requirement that Directors must prepare and submit a Confirmation Statement to them every year....
S455 charge, BIKs and how to save tax on your Directors Loan Account!
The Director’s Loan Account (aka the DLA) can inadvertently cost you additional tax at year end; and this catches out many LTD owners!...
Model Articles | when you're on your own
If you're the only Director of your LTD company, and you've adopted Companies House's model articles (which let's face it, everyone has)...
Year End | checklist for Clients
At year end, you'll need to run a number of checks that all affect your Xero bookkeeping. As part of the AccountsUp! process, we'll check...
Bank reconciliations | praise them!
They're the foundation of good decision making. They can save you tax. By Jove, you feel good after doing them! Seriously? Yes! And we'll...
Going concern
Before signing your Accounts, we'll have asked you whether your company is a 'going concern'. We're not being rude! It's actually a legal...
Our bookkeeping 'MOT'
As part of the Accounts Up! service, we run our standard 12 part review of your Xero: a check of what most clients get wrong. We don't go...
Trivial Benefits | pay yourself £300 and actually save tax!
What is a trivial benefit and why's it so good? It's a tax efficient way to thank your staff - and you! A 'trivial benefit is something...
Deadlines
Here's your key deadlines as a micro-entity LTD company:
Now there's a point!
Here's some interesting facts about the legal requirements for micro-entity accounts. Well, we find them interesting anyway! Here they...
What Notes do Micro Entity Accounts need?
Officially, the answer is none, although that's not quite true! Instead of notes, there are some details which must be included if they...
Why use a qualified accountant?
Not all accountants are qualified! Trusting your Accounts and Tax return to an accountant who isn’t qualified is a big risk; but using a...
Small but mighty. Size does matter!
Our Accounts Up! service is only offered to micro-entity LTD companies, so we thought it a good idea to explain more what a micro-entity is. Section 384A of the Companies Act 2006 explains that at least 2 of the following must be true to qualify as a micro-entity: 1. Turnover £1m or less Turnover here is excluding VAT and if your accounting period is shorter or longer than 12 months, you must apportion it. So for example, if your accounting period were only 6 months, the
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