SEIS1 4-Month Trading Rule
For many founders raising early-stage funding through the Seed Enterprise Investment Scheme (SEIS), navigating the requirements for the SEIS1 form can be a critical step. This form, submitted after a qualifying share issue, is required to gain HMRC’s approval to issue SEIS certificates to investors. However, it’s essential to understand that SEIS1 cannot be submitted […]
Understanding Carbon Reporting and Its Importance for Businesses
As the world faces the growing threat of climate change, businesses of all sizes are increasingly being called upon to take responsibility for their carbon footprint. For many, this starts with carbon reporting. But what exactly is carbon reporting, and why should businesses consider integrating it into their operations? What is Carbon Reporting? Carbon reporting […]
Tax Enquiries Are Increasing – Here’s How to Stay Prepared
HMRC has recently expanded its compliance and enforcement teams as part of its commitment to ensuring the UK tax system is fair and effective (see here). With this, we’ve seen an increase in the number of tax enquiries being opened across all business sizes. These checks are a normal part of the process but they […]
How will Brexit affect UK imports and exports?
With an EU-UK trade agreement reached on 24th December 2020, we examine how Brexit will likely affect UK SME’s with imports and exports from the UK to EU.
Guide to exporting
Exporting goods can provide excellent opportunities for growth for UK enterprises, however, businesses must overcome the perception that exporting is not an option.
Why you need to submit annual accounts
If you are registered as a limited company with Companies House, you have a legal requirement to submit your annual company accounts. Failure to submit them late or at all, can result in serious financial consequences.
Annual accounts for a dormant company
If companies are incorporated at Companies House but not carrying out any business activity or receiving income, these are called dormant companies. But does a dormant company still need to file annual accounts?
What are annual accounts?
If you have set up in business, it’s important that you understand all about your company annual accounts. This guide shows what to include in your accounts, when they are due, how to prepare and submit them and the deadlines for filing them.
R&D tax credit cap: A further blow for Startups and SME’s
R&D tax credit cap explained So what’s changed? From April 2021, the amount of credit that can be paid to an SME will be capped. The new cap will limit the amount that can be claimed to £20,000 plus three times the company’s “relevant expenditure on workers”. What are relevant expenditure workers? Relevant expenditure workers […]
What makes small business accountancy different?
If you’re an SME, it makes sense to find an accountancy firm which will focus on your issues, help solve your financial problems and support your business growth. But what makes small business accountancy services different to traditional accounting?