What is reconciliation in accounting?
It’s important that businesses of all shapes and sizes keep a tight hold on their finances. This includes ensuring that all accounts are recorded accurately and on time. After all, it’s crucial that all businesses always know where they stand financially and of course, meet all tax obligations. Reconciliation is an accounting process which many…
What is a Companies House Confirmation statement?
For anyone operating a limited company or Limited Liability Partnership (LLP) in the United Kingdom, the name “Companies House” will be a familiar one. It’s the official registrar of companies, playing a vital role in maintaining the integrity and transparency of the UK business environment. Among the various filings and requirements mandated by Companies House, the Confirmation Statement stands out as a…
Our guide to completing a VAT return
As soon as you reach the VAT threshold, which is currently £85,000, you will be expected to pay VAT on all taxable sales. However, you may also be entitled to claim back VAT that has been charged on business purchases. As part of this process, you will also need to submit a VAT return to…
Your guide to self-assessment tax return
Your guide to self-assessment If you find the thought of filing your self-assessment tax return form a daunting prospect, you’re certainly not alone! It’s a common misconception that filling out your self assessment form is a complex process when in fact, if you are organised, prepared and understand what you need, the process can be…
How to get your accounts in order for the New Year
Get Your Accounts in Order for the New Year As we approach the end of the year, it’s safe to say that many of us will be relieved to see the back of 2020. For businesses, the challenges of the past year have been unprecedented, but as we look ahead to a new year, it’s…
