Accounting Articles, Guides & Tips
How to choose an accounting firm? How to pay less tax? Read our selection of accountancy related articles, guides and tips, written by various professionals in this field. Note: always consult with an expert before following any advices on information you found in the articles provided here. Do you have some useful accounting articles? Please, submit them - it is free.
| How to choose an accounting firm Nowadays it is almost impossible to run a business without finally reaching the point of seeking for an accounting firm and then you get stuck on the plenty of available companies pretending to offer the very best services on the market. Actually, it's not that hard to choose the right one, you only have to have in mind the exact kind of accounting needs your business has and to try figure out what are the most important issues you expect to gather from this cooperation. First of all, you should...Covering: United Kingdom Author: UK Accounting Firms |
| How To Pay Less Tax By Claiming Mileage Allowance Expenses First examine the facts as they exist in the current financial year 2007-08. The current approved mileage allowances were set five years ago in the financial year 2002-03 and while the current rates in no way reflect the increases in fuel costs in recent years that all businesses including small business. The Inland Revenue is actually considering a revised scale of tax allowances that may even lower the overall amount that can be claimed which will be detrimental to small business. The approved...Covering: United Kingdom Author: Terry Cartwright |
| What Happens Next After A UK Limited Liability Company Formation After the UK limited liability company formation documents have been submitted to Companies House to register the new company Companies House will then send notification to the new registered office that the new company has been incorporated with the Certificate of Incorporation. Following confirmation that the new company has been formed the directors need to take a number of actions to start the new company on the correct footing. Statutory Books and Registers Following the company formation the...Covering: United Kingdom Author: Terry Cartwright |
| UK Accounting Reference Dates For Private Limited Companies When a private limited company is incorporated companies house advise the company of the accounting reference date and a set of financial accounts are required to be made up and submitted from the day of incorporation to this accounting reference date. The accounting reference date is set by companies house as the last day of the month 12 months after the date of incorporation. For example a company registered on 7 January would have an accounting reference date of 31 January the following year....Covering: United Kingdom Author: Terry Cartwright |
| Annual Return And Accounting Rules For A UK Dormant Company A dormant company in the UK is defined as a company that has had no significant accounting transactions during its financial year. It is not sufficient that the company may not have traded if the company has had any accounting transactions at all with the exception of three specific transactions that are allowed. Transactions regarded as allowable for the company to retain its dormant company status are the amount received by the company in respect of the first shares issued to the memorandum of...Covering: United Kingdom Author: Terry Cartwright |
| Uk Self Employed Accounting Software And Self Assessment Tax Returns In the UK anyone receiving earned income which is not taxed under the employers PAYE system is technically self employed. Anyone who is self employed and running a business in the UK must register that business with HM Revenue and Customs within 3 months of starting that self employed business and failure to do so can lead to penalty fines. All self employed businesses must keep records of the financial transactions and submit these accounts annually to HM Revenue and Customs in the format of the...Covering: United Kingdom Author: Terry Cartwright |
| Do I Need An Accountant Or Accounting Software? Accounting is the process of collecting, summarizing and analyzing the financial data of your business. Every business needs do keep on top of their accounts to ensure proper management of revenues and expenses. Failure to do so could cause your business to fail. There are two ways of keeping accounts for your business, one is enlist the help of an accountant and the other is to buy some accounting software and manage the accounts yourself. Lots of people are worried about accounts and tax and would...Covering: United Kingdom Author: Carolyn |
| The 7 Signs It's Time To Find A New Accountant Quick quiz. Does this sound like your relationship with your current accountants ? 1) You call but your accountant isn't available, so you leave a message. 2) Your accountant gets back to you - but they do so a week and a half later. 3) Your company accounts are due, but your accountant doesn't seem to have filed them. 4) Every time you talk to your accountant for even half an hour, you get a bill in the post the next day. However, strangely, when you ask them to do something urgently for you, it...Covering: United Kingdom Author: Jim Haines |
