If you lose your certificate of incorporation for a limited company or Limited Liability Partnership (LLP), it is relatively easy to get a new one. Below, we explain the different ways you can get a replacement copy of a lost certificate of incorporation. 1. Through your company formation agent If you registered your company through…
If you wish to obtain a Certificate of Good Standing for your private limited company, you must ensure your company has at least one ‘natural’ director, that all your annual statutory filing (Confirmation Statements and annual accounts) have been submitted, and that any changes to your company’s registered details have been reported to Companies House.…
There is no legal requirement to open a business bank account for a limited company. However, it is more challenging to trade and manage business finances successfully without one. Aside from boosting the credibility of your company, a business bank account will enable you to record and trace all income and expenditure with greater ease…
If you have lost your Companies House WebFiling authentication code, do not fret. You can get a reminder or replacement from Companies House, or you can retrieve your code through your company formation agent (if you used one to set up your company). We explain these different options below, all of which are pretty straightforward.…
A company’s financial year is the period of time covered in its annual (‘statutory’) accounts. This is normally 12 months long, except in the first year when the period runs from the date of company formation until the end of the same month the following year. The date on which a company’s financial year ends…
All limited companies registered in the UK are required to prepare financial accounts each year and deliver them to Companies House and HMRC. These accounts, which may also be referred to as ‘annual accounts’ or ‘statutory accounts’, report the financial activity and performance of a business for its previous financial year. The financial year of…
Can you do the accounting for a limited company? The immediate response from most people would be a resounding “Absolutely not!” The very thought of tackling receipts, paperwork, calculations, and taxes doesn’t bear thinking about. However, there are no legal restrictions that would prevent you from doing your limited company accounting. If you have some…
Self Assessment for directors is required if you receive dividends or any other untaxed income in addition to your director’s salary. You can register for Self Assessment online with HMRC. Each year, you will be responsible for filing your own Self Assessment tax return to report your annual income from all sources. Any personal tax…
VAT registration, whether compulsory or voluntary, can provide a range of benefits to businesses of all sizes. However, there are also certain downsides to be aware of. Below, we outline the criteria for compulsory VAT registration and discuss the pros and cons of registering a business for Value Added Tax. When is VAT registration compulsory?…
The majority of working women in the UK are entitled to one year’s maternity leave from work. This can start at any time from the 11th week prior to their due date, and it consists of 26 weeks of Ordinary Maternity Leave and 26 weeks of Additional Maternity Leave. By law, all women must take…
A registered office is the official contact address of a limited company or limited liability partnership (LLP). At this nominated address, which is publicly available online via the Companies Register, a company or LLP will receive statutory letters, notices, and other communications from government bodies such as Companies House and HMRC. Please note: throughout the…
Limited Liability Partnerships (LLPs) have a number of statutory filing and reporting requirements for Companies House and HMRC, many of which are similar to those required of limited companies. Below, we take you through all of the LLP filing and reporting obligations you will need to fulfil. LLP filing and reporting – the headlines An…
