HfM

New Companies House Penalty Regime

admin — Tue, 23 Jun 2009 09:01:32 +0000

Companies House have strengthened their fines regime for limited companies filing their company accounts late. The fines are now as follows:

£150 - Up to one month late
£375 - One to three months late
£750 - Three to six months late
£1,500 - More than six months late

And these penalties can be doubled for the second year that the accounts are late, so beware sending your records in at the last minute. It could prove an expensive mistake.

Surviving and thriving through the recession

admin — Wed, 03 Jun 2009 00:01:13 +0000

The current world financial situation leaves us with plenty to worry about but it also provides lots of opportunities. The media ensure that we hear everything we need to worry about the situation. The question is how will we respond? How can business owners be realistic and responsible while at the same time plan to come through the recssion stronger? One of the HfM directors Stephen Russell Smith, who is a qualified and experienced business advisor, has written a short guide to Surviving and Thriving Through the Recession that you can download for FREE here.

I’ll just make an estimate …

admin — Fri, 29 May 2009 02:56:37 +0000

Some people are good at keeping and filing everything they need for their tax return - statements of savings interest and dividend payments, accounting records, and so on. Others end up making estimates at the end of the year. But things are changing. HMRC now have new powers and a new penalty regime. So more care than ever is necessary in keeping records in order to avoid the new penalty regime.

Keep up to date

admin — Thu, 07 May 2009 03:02:16 +0000

Evreyone wants to pay less tax but keeping up to date with developments in tax is hard work even if you are a professional. That is why we have started this news page to keep you informed when changes occur so that you can be informed in time to act. In addition there is an RSS feed to subscribe to for free so you need never miss important news that might save you money, trouble or both.

Our aim is be simple and practical and wherever possible link into more detailed guidance that is available from HMRC or elsewhere. Bookmark us to make sure you stay up to date.