We all know that Limited company accounts have to be filed within 10 months of the accounting reference date ‘ARD’ but how many know that if your financial year started on or after 6 April 2008 this deadline is now only 9 months? Yes that right, the deadline has now been reduced from 10 to [...]
From 1 February 2009 new late filing penalties have been introduced by Companies House as follows: How late are the accounts delivered Penalty – Private Company Penalty – PLC Not more than one month £ 150 £ 750 More than one month but not more than three months £ 375 £1,500 More than three months [...]
The Pre-Budget Report 2008 brought both good and bad news regarding empty property rates. The good news is that properties with a rateable value below £15,000 are exempt from paying business rates. The bad news is that, the empty property levy tax remains in place, affecting owners of vacant properties that have a rateable value [...]
From 1 April 2009, the test that requires a business to check that its total income is less than £187,500 for entry into the VAT Flat Rate Scheme will be removed. Instead, eligibility to join the scheme will be determined solely by the taxable turnover of the business, which must be less than £150,000. [...]
For VAT periods starting on or before 1 July 2008 errors do not have to be disclosed if their total value is not more than £2,000. From 1 July 2008 this limit went up to £10,000, except for businesses with a turnover of more than £1 million. For these larger businesses, the limit is 1% [...]
A new guide is being launched to help small and medium sized businesses equip themselves against threats such as email security, spam, data security, phishing, bots and zombies, wireless network security and hacking. The guide is being launched by Cybersecurity Knowledge Transfer Network and the Business Crime Reduction Centre (BCRC). This has to be a [...]
Employers please note: That as part of the Working Time (Amendment) Regulations 2007 an increase in employees holiday entitlement from 24 days to 28 days per annum comes into force on 1 April 2009. Bank and public holidays can be included in a worker’s minimum holiday entitlement; alternatively they can be offered in addition to [...]
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