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Companies House have just released a statement about an automatic filing extension for company accounts due to the Covid-19 crisis, announcing a 3-month filing extension for company accounts. It says: From today (25 March 2020), businesses... read more

The Government have just made the following announcement regarding the late filing of company accounts due to Coronavirus:"All companies must send their accounts, reports and confirmation statements to Companies House every year. If a company’s... read more

The end of tax year is a popular accounting date for many businesses, but for those of us with a year-end accounting date of 31 March 2020, reviewing your management accounts for the ten months... read more

Once you had to take all your expense receipts back to the office and someone (usually you!) opened the accounting software and typed in the company name and address, amount, VAT amount and how it... read more

Once you have chosen your cloud accounting software, you will need to set it up properly in order to get useful information out. Every online accounting software system will have default settings but they may... read more

Apart from being good for the environment, being able to write-off the cost of an electric car in the year of purchase is very appealing to businesses as it boosts your cash-flow.Since electric cars have... read more

In general the most efficient way to extract profit from a limited company is through a mixture of salary and dividends as follows:Salary to the National Insurance threshold (currently £8,632) or Income Tax threshold (£12,500).... read more