by Russell Smith | Nov 14, 2015 | Accounts
Usually when a company is set up, it is set up with a ordinary shares which then appear in the accounts. What this basically means, is that when a dividend is declared, all the shareholders receive the amount corresponding to the % of shares owned. So for example: If...
by Russell Smith | Nov 11, 2015 | Accounts
Most people these days want their software online rather than a CD-Rom download or even an internet download. So it is no wonder that many people have leaped at the chance of having their bookkeeping software online. There’s quite a few out there, but...
by Russell Smith | Nov 10, 2015 | Accounts
Many people are scared of HMRC but actually Companies House are the ones you need to fear! The Companies House fines are way worse than what most tax fines you will get from HMRC. If you submit your year end accounts late to Companies House you will receive the...
by Russell Smith | Oct 7, 2015 | Accounts
Discover what the reality principle is, why you should care about it, and how we can help you tackle it. The reality principle is part of Freudian psychology and simply refers to our ability to see the world as it is and act appropriately to the situations we are...
by Russell Smith | Oct 5, 2015 | Accounts
There are plenty of ways to get fined by Companies House and HMRC. The steepest fine is for £5,000 for late submission of an annual return. Every limited company has to do an annual return every year on the company’s anniversary. It isn’t a difficult task,...
by Russell Smith | Oct 2, 2015 | Accounts
Our small business accountants from Leeds discuss how they can revitalise your company and help you set a course for financial success Every small business requires three distinct minds: The sales and marketing brain: The genius behind the momentum of the business....
by Russell Smith | Oct 1, 2015 | Accounts
I’m often asked why and when should someone appoint an accountant. Here’s 5 signs that you need an accountant: 1. You’ve been on the phone to HMRC for more than 10 minutes HMRC have been tasked with recovering more and more tax with the governments...
by Russell Smith | Sep 27, 2015 | Accounts
Russell Smith Named as a “Top Rated Accountant” by the Mail on Sunday We were delighted to be mentioned in the ‘Mail on Sunday’ as a ‘top-rated accountant‘. It’s great to be recognised by a major publication for the...
by Russell Smith | Sep 25, 2015 | Accounts
If you are making profits and generating cash in your limited company you want to be careful that you are not taking too much cash out. Aside from the tax benefits of not taking cash out and the fact that a chunk of your cash will be owed to HM Revenue & Customs...
by Russell Smith | Sep 21, 2015 | Accounts
When you become a limited company, you must display your company details on all your correspondence. Typically, this will be: – sales invoice – letterhead – email – website The company details will be: Company name Company number Company...