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How to make your trading company dormant

Published in Business finance on January 15, 2021 by Johnathan Korchak

Some companies are dormant from when they’re first formed. A lot of companies, however, will actively carry out a business for a while but then cease trading – at least for a period. These trading companies may be eligible to…

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Tags: dormant companies, company types, accounts

When do you have to register for VAT?

Published in Business finance on May 19, 2020 by Johnathan Korchak

Your business must register for VAT with HM Revenue and Customs (HMRC) if, over the past 12 months, your ‘taxable supplies’ (closely based on your sales or turnover, not your profit) have exceeded the VAT registration…

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Tags: HMRC, taxation, business finance, VAT

What is a dormant company?

Published in Business finance on May 17, 2019 by Henry Catchpole

Your company may be considered dormant if it is not currently carrying out any business and it does not have any other sources of income, including investment income.…

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Tags: accounting, dormant companies, company types, accounts

What does a template business invoice need to include?

Published in Business finance on February 4, 2019 by Johnathan Korchak

An invoice is an important document for most businesses, because you’ll only be paid once your business produces a suitable invoice for a customer. By preparing and issuing a business invoice promptly, you give yourself the best…

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Tags: business management, stationery, invoices

Do I need a business bank account?

Published in Company formation, Business finance on November 20, 2018 by Ben Robinson

Not all businesses are required to have a business bank account. Many business that are not legally required to have a business account still decide to operate with one as they do offer many benefits.…

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Tags: sole trader, limited company, company formations, bank account

Guide to registering a charge at Companies House

Published in Company records, Business finance on May 25, 2018 by Jayne Challinor

Almost all charges should be registered with Companies House, so a good understanding of what is required to file an MR01 form is essential.…

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Tags: company records, Companies House, registration of charge, mortgages and charges

2021 Review
of UK Company Formations

Read our comprehensive review of UK company formations in 2020, year-on-year growth rates and breakdown by county. This detailed insight is provided in the form of easy to understand infographics available for sharing through social media and on your own website

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