What is a ‘micro-entity’? A small business is treated as a micro entity as long as it doesn’t exceed two or more of the following criteria in a financial year: Turnover of over £632,000 Balance sheet total of £316,000 Employing no more than ten employees. If you tick...
The 24-month rule is a regulation introduced by HMRC allowing contractors to claim travel and subsistence expenses when travelling from home to a client’s site.
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...
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...
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...
As an accountancy firm which provides services for contractors and freelancers, we are often asked all sorts of questions by people who are thinking about contracting for the first time. So we have summarised the options you have for setting up a suitable structure...
Getting to talk to interesting people running businesses in and around Derby is one of the best things about what we do.
