Do Companies Have To File Accounts?
Introduction All limited companies in the UK must file their accounts with Companies House every year. This applies whether your company is making a profit or a loss, breaking even or even not trading at all. These company year-end accounts are your statutory accounts. You’ll need to know: What these accounts must include When you […]
How To Stay On Top Of Your Company Accounts
Statutory accounts are statutory because your company must prepare and file them each year by law. However, keeping accounts for a limited company is about more than staying on the right side of compliance. Good accounting means you’ll always know how much cash you’ve got coming in and going out and whether you’re making a […]
Micro-Entity Accounts vs Abridged Accounts
Small companies and micro-entities do not need to submit full company year-end accounts to Companies House. Under government rules, small companies can file abridged accounts. These are less detailed than full accounts. However, micro-entities can take things a step further, filing micro-entity accounts that are lighter again in terms of detail. What are Abridged Accounts? […]
Does Xero Produce Statutory Accounts?
Xero is an online accounting platform that supports small businesses. It is entirely cloud-based and performs fundamental accounting functions. This software as a service (SaaS) accounting solution will help you prepare and file statutory accounts for your company’s year-end. It performs this function with its Xero Tax software. How Does Xero Tax Work? Xero Tax […]
How to Calculate Annual Turnover
Your annual turnover calculation is an essential part of your statutory accounts because it tells you what your total sales have been over the past 12 months. The annual turnover of your company is an important measurement of its performance. What Does Annual Turnover Mean? Annual turnover is the total value of everything you […]
What is strategic management accounting?
Strategic management accounting supports sound business decision-making by providing ongoing data and analysis of management accounts.
Are company share schemes worth it?
Company share schemes allow businesses to reward and incentivise their employees. They help companies attract and retain top talent in competiive marketplaces. While for employees, they offer the potneial of reaping the rewards of future business growth.
Tax-advantaged employee share schemes
Companies use tax-advantaged employee share schemes to reward and incentivise workforces. For less well-established enterprises, they are an effective tool in rewarding talent, especially in circumstances where the money isn’t readily available for large salaries.
EIS and SEIS relief for investors
EIS and SEIS schemes are designed to help SMEs and startups attract private investment. They do this by offering various forms of tax relief to investors.
How to Raise Capital with EIS/SEIS
If your company is eligible for either EIS or SEIS, how can these schemes help you raise capital? Find out how.