The income statement (profit & loss account) explained

Published in Company records on November 23, 2023 by David Hill

This guide will help you understand the income statement (profit and loss account) for small companies and micro-entities. It covers how to get your income statements filed on time with Companies House and HMRC and be compliant…

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Tags: company accounts, accounts, annual accounts, micro-entity accounts

Navigating the ECCT Act 1: Changes to accounts filing at Companies House

Published in News and opinion on November 14, 2023 by David Hill

The Economic Crime and Corporate Transparency Act (ECCTA) has introduced a set of changes to how companies file their accounts with Companies House. Here we lay out what we currently know about the coming changes and how they will…

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Tags: ECCTA, accounts, micro-entity accounts, statutory accounts

How will the ECCT Act impact companies?

Published in News and opinion on November 3, 2023 by David Hill

The Economic Crime and Corporate Transparency Act 2023 (ECCTA) is now law and will have significant impact on how companies interact with Companies House. Here we give a summary of how it will most directly affect the running of…

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Tags: ECCTA, accounts, Companies House, corporate directors, PSCs, register of members, registered office address

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What is a balance sheet?

Published in Company records on June 19, 2023 by David Hill

A balance sheet is a key financial statement that provides a snapshot of a company’s financial position at a specific point in time. An alternative name for it is a ‘statement of financial position’. In…

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Tags: company accounts, accounts, annual accounts, micro-entity accounts, statutory accounts

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: accounts, company types, dormant companies

Inform Direct product update – January 2021

Published in Inform Direct news on January 10, 2021 by Jayne Challinor

As we enter a new year, this first release of 2021 is an exciting one!…

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Tags: accounts, Inform Direct, micro-entity accounts, news

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