This blog is all about what a company secretary is and the role of a company secretary in the UK. A company secretary plays a key role in the governance and administration of a company. Even though having a company secretary is not required by law for private limited companies [...]
There are times when companies have few or no ongoing transactions or activities. Several airlines have postponed taking action until they believe the timing is right. We refer to them as dormant companies because, unlike active companies, they don’t actively conduct business. Entrepreneurs, investors, accountants and regulatory authorities need to [...]
ARD stands for accounting reference date and refers to the end of your business’s financial year. It determines the day your annual accounts are supposed to be made up to. Companies House sets this date as the anniversary of the last day of the month the company was formed. First, [...]
If your UK limited company is not trading, it continues to have a legal responsibility to file dormant company accounts with Companies House. This is the case irrespective of whether your company is dormant for the purpose of Corporation Tax or not. Failure to comply with this could result in [...]
Establishing a limited company can provide several great financial and legal benefits, including limitation of liability and tax efficiency potential. Additionally, there are specific tax obligations associated with establishing a limited company that business owners must understand and comply with; failing to do so may lead to penalties and loss [...]
All UK limited companies must file yearly accounts with Companies House, but only those with Corporation Tax must send them to HMRC. The dates for filing accounts with Companies House and HMRC vary. Companies House allows simpler accounts depending on firm size and trading status. No matter your company’s size, [...]
One of the most often asked questions that we confront is the confirmation statement and annual account differences. These are annual accounts and a confirmation statement. You are legally obliged to submit both critical records; hence, you must know exactly what the differences between them are. This blog will cover [...]
Overseeing alterations in company directorship is vital for corporate governance and will help your company maintain effectiveness and compliance. We provide you with a blog that tells you the process of how to change company directors at Companies House, all the legal procedures through which this change can happen, and [...]
You should know what your tasks and responsibilities are as a director if you want to start a limited company and work for it. Along with running your business every day, you’ll need to send yearly records and a confirmation statement to Companies House every year. Also, you need to [...]
The number of shares in a limited company can change for many reasons, such as to raise money, add new partners, or get rid of old owners. This kind of agility is important for a business to continue growing and adapting to changes. This blog post will discuss the proper [...]
