New companies often experience steady growth during their first months in business, so it is important to properly assess the optimal accounting dates in order to make earnings as tax efficient as possible. Those benefitting from London Registrars’ outstanding support for new businesses can be guided through the most advantageous processes in order to secure the maximum benefit, and ensure their rapid growth and future success.

Incorporated businesses must adhere to a maximum period of twelve months for tax calculations. However, your company’s accounting period does not have to be one year exactly – you have the option of extending up to a period of 18 months, or reducing it as much as you require. Altering your accounting period can serve to extend your Corporation Tax date, which can be especially beneficial for new businesses from a tax point of view. Continue reading

Some 11,000 medium-sized UK businesses benefiting from the business support solutions of companies such as London Registrars will be pleased to hear of the reduction in their accounting paperwork that will result from a proposed change in changes in accounting rules. Continue reading

Business support agencies like London Registrars are currently updating their clients on the progress through Parliament of the Small Business, Enterprise and Employment Bill, which was introduced by the government in June 2014. The draft legislation proposes that all UK companies will be obligated to create and maintain a register of beneficial ownership, the intention being to make publicly available all of the information contained in these registers. Continue reading

Many of the businesses that haven’t taken advice from specialists such London Registrars (a firm of company secretaries and business consultants in London) may have been informed after a visit by HMRC that their VAT records were in need of improvement.

In the last few years HMRC have concentrated on publicising the importance of maintaining appropriate records. Since 2011, this publicity campaign has been supported by a special programme for checking corporate records. For those organisations with records that fail to pass muster, there is the threat of a fine of up to £3,000, levied under the rules for direct tax (income and corporation tax) self-assessment. However, in relation to VAT, a separate record-keeping penalty of up to £500 can be imposed. Continue reading