How long do you need to keep Company Records?

A company has a legal responsibility to keep company records and accounting records. Consequently, a company director must keep records about the company itself, as well as ensuring the accounting records are maintained. As a company director, you must keep records for at least six years from the end of the last company financial year…

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Business Expenses – summary

Business Expenses – summary In this guide for limited companies, we have listed some common business costs and expenses. Though the list is not exhaustive, it covers the majority of business costs incurred by small businesses. As a business owner you will be busy running your company, so it’s important to understand the expenses incurred…

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Guide to a Director’s Responsibilities

Guide to a Director’s Responsibilities What is a Director? Directors act as the managers of a company and make the daily decisions in managing a company’s operations. On becoming a director, you are responsible for certain legal obligations. What is a Shareholder? The shareholders are the owners of the company whereas the directors are employees…

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What is a Confirmation Statement?

What is a Confirmation Statement? From 30th June 2016 a limited company’s annual return was changed to its current form with the introduction of the confirmation statement. The change intended to make filing company information just a little easier. What changed? Under the annual returns process, limited companies and limited liability partnerships had a statutory…

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Year End Guide for Limited Companies

Year End Guide for Limited Companies A company’s year end brings certain obligations to carry out for limited company directors. We have set out below some key responsibilities and deadline dates by when tasks are required to be completed. Firstly, the year end date is the date to which the company will prepare its accounts….

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How to set up a Limited Company

How to set up a Limited Company There are various methods of setting up a business structure and each have their own advantages and disadvantages. Setting up a Limited Company is a popular way of trading; mainly due to the tax advantages available to the shareholders. Limited company’s are relatively simple to form, with the…

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Advantages of a Limited Company structure

A limited company is a type of business structure that has been incorporated at Companies House as a legal ‘person’. It is completely separate from its owners, it can enter into contracts in its own name and is responsible for its own actions, finances and liabilities. Advantages of a limited company structure The most significant…

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