Being late with a filing deadline could prove costly to you and your company. Thousands of UK companies face penalties for late filing each year. Whether it involves your confirmation statement or your annual accounts, it could soon become an expensive mistake. With HMRC penalties UK that could start small [...]
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 [...]
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 [...]
The concept of the Person with Significant Control (PSC) in the UK helps to enhance corporate governance openness. A PSC is someone or a group that has significant influence or control over a company. Legal requirements force most UK companies to identify PSCs to reveal who controls and profits from [...]
The overall management and operations of every company depend heavily on the roles and obligations of directors. Nonetheless, occasionally, events arise that call for a director to resign. Firing a director is formal and must be done by company legislation to guarantee proper and legal execution. Among the most crucial [...]
Buying or selling shares in a UK firm will most likely result in a stock transfer form. This important document facilitates the appropriate distribution of shares from one person or company to another. We will define what is a stock transfer form, guide you through its completion, and discuss when [...]
