The Action Accountants Blog
Practical guidance on tax, bookkeeping and running a business in the UK.
You've opened an email from Companies House and your stomach has dropped. A confirmation statement was missed, a director's details weren't updated, or a verification…
You've incorporated your company, checked that Companies House shows the right directors, and assumed the paperwork is finished.
You've hired your first employee, taken on more subcontractors, or bought another rental property.
In the UK, the first £1,000 of gross rental income is tax-free under the property allowance. Anything above that is taxed through normal Income Tax bands at 20%, 40% or…
You issue an invoice in March, submit your VAT Return in April, and set aside money for VAT even though your customer won't pay until June.
Only 31% of construction projects came within 10% of their original budgets in the KPMG benchmark cited by Autodesk, which means roughly 69% missed that threshold.
You're probably at the point where the business is still yours, but it no longer feels small. The invoices are more regular, clients are asking awkward questions about…
Statutory accounts are the legally required annual financial statements every UK limited company must prepare and file with Companies House and HMRC, usually 9 months…
You've just incorporated, the Companies House email has landed, and now someone in the business is asking whether the confirmation statement is “basically the tax…
Beyond Accounting: Partnering in Your Prosperity
