How to Appoint a Director for a UK Limited Company
How to Appoint a Director for a UK Limited Company (Step-by-Step Guide) Appointing a director for a UK limited company is a common requirement as businesses grow, restructure, or bring in new expertise. While the process is relatively straightforward, there are specific legal and Companies House requirements that must be followed. In this guide, we […]
What Happens When Employees Exercise Share Options?
A UK Compliance Guide for Founders Employee share options are a popular way for UK start-ups and scale-ups to attract and retain talent. But when an employee actually exercises their share options, many founders are surprised by how much compliance follows. The exercise of options is not the end of the process, it is the […]
What Are Management Accounts?
When you’re running a business, it’s not enough to simply look at your annual accounts once a year. By the time those figures are finalised, the opportunity to make meaningful changes has often passed. That’s where management accounts come in which are regular and insightful reports that give you a clear picture of your business’s […]
Time to Rethink Your Company Pension Plan?
We often see start-ups begin with the easiest-to-administer pension scheme, typically using a default setup to tick the compliance box. While this gets things moving quickly, as your company grows and as employee earnings increase you and your employees could be missing out on thousands in tax savings each year. Whether you’re a founder, director, […]
How to Close a UK Limited Company
At Venn Accounts, we work with startups and early-stage companies every day and while we love seeing clients grow, there are also times when winding down a company is the right move. There are four main ways to close a UK limited company, depending on your circumstances: Voluntary Strike-Off (DS01): The simplest option for solvent […]
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 […]
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.