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Rapid Formations Blog

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  • Company Formation Yellow post-it notes pinned to a board displaying the phrase 'How Much Does It Cost?'

    Cost to set up a limited company – how much?

    By Rachel CraigFebruary 10, 20154 Comments

    The cost to set up a limited company depends entirely upon the way you chose to incorporate with Companies House. There are many options available to you, but the most convenient and popular way to form a limited company is through an authorised company formation agent like Rapid Formations. Using an agent is also the…

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    About Companies Two business people looking a laptop screen displaying Companies House website, illustrating one of the ways to update shareholder information at Companies House.

    Companies House WebCHeck explained

    By Rachel CraigFebruary 6, 201520 Comments

    Companies House WebCHeck service is a free search facility that provides access to UK company data on the central public register. Users of WebCHeck can search for information using a company name or company registration number. In addition to this search facility, Companies House WebCHeck provides access to companies’ filing histories. Copies of these filed…

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    Company Formation Image of a woman sitting in front of a laptop with her hand on her face, illustrating the frustration of a lost certificate of incorporation.

    I have lost my certificate of incorporation – what should I do?

    By Rachel CraigFebruary 6, 201519 Comments

    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…

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    About Companies Image of a white document rolled up and tied with a bow, representing a Certificate of Good Standing.

    How to get a Certificate of Good Standing

    By Rachel CraigFebruary 6, 201514 Comments

    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.…

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    Company Formation Image of a person holding a mobile phone in one hand and a bank card in the other, illustrating the ease of setting up a business bank account for a limited company and managing finances online.

    Do you need a bank account for a limited company?

    By Rachel CraigFebruary 5, 201518 Comments

    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…

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    Filing & Finance Young man with beard and checked shirt, sitting at laptop with head in hands, having lost his company's WebFiling authentication code.

    Lost Companies House WebFiling authentication code

    By Rachel CraigFebruary 5, 20152 Comments

    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.…

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    Filing & Finance Photograph of a calendar, alarm clock, and other business equipment lying on a desk, illustrating the requirement to remember a company's accounting reference date.

    What is a company’s financial year?

    By Rachel CraigFebruary 4, 20151 Comment

    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…

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    Filing & Finance A business person working on company accounts and using a calculator.

    Annual accounts and statutory accounts

    By Rachel CraigFebruary 4, 20151 Comment

    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…

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    Filing & Finance A business person processing supplier invoices with a desktop calculator and pen in hand.

    Can I do the accounting for a limited company?

    By Rachel CraigFebruary 3, 20158 Comments

    Could 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, if you have some prior experience in accounting or bookkeeping and you are confident in your ability to deal…

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    Filing & Finance Image of a man sitting at a desk completing a detailed tax form, illustrating that Self Assessment for directors involves the completion and filing of a personal tax return.

    Self Assessment for directors – explained

    By Rachel CraigJanuary 26, 201512 Comments

    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 you annual income from all sources. Any personal tax…

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    Filing & Finance Image of someone holding a notepad over a desk, with the words "VAT" and "Value Added Tax" written on the front, illustrating the process of deciding whether VAT registration is right for your business.

    VAT registration – the pros and cons

    By Rachel CraigJanuary 26, 201522 Comments

    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…

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    Filing & Finance A baby's hand holding holding the finger of an adult's hand, representing the topic of maternity pay.

    A guide to maternity pay for employers

    By Rachel CraigJanuary 22, 2015Leave a comment

    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’ Ordinary Maternity Leave and 26 weeks’ Additional Maternity Leave. By law, all women must take at least…

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