What Is A Confirmation Statement For A Company

Every year a UK registered Limited Company need to make sure that the details that Companies House holds on the company are correct. Once you’ve checked them you have to let Companies House know. Companies House will remind the directors / owners of a Limited Company when the confirmation statement is due. If you have […]

Bank Reconciliation – A Quick Overview

Why is bank reconciliation necessary? Every business in the modern world uses a bank account to receive the majority of their income as well as pay a large part of their business expenses through the bank. Bank reconciliation is a vital part of an accounting system, because it reconciles and explains any differences between the […]

VAT Cash Accounting Scheme

What is the VAT cash accounting scheme? In simple terms Cash Accounting for VAT permits eligible businesses to pay VAT only after a buyer has paid for the services or goods which they have supplied, compared to standard Value added tax accounting where companies have to pay Value added tax in the period that a […]

Do Cheap Accountants For Small Business In London Mean Compromise On Quality?

This may sound strange but there a number of individuals who run their own business that try to do their business accounts by themselves. This can be due to a number of reasons including saving money on accountants fees. A lot of these people are not aware that there are plenty of cheap accountants in […]

How To Find Free Accounting Software

Accountancy is an important element of the day-to-day lives of individuals as well as business enterprises. Through accounting, an individual or business can keep an eye on its daily financial transactions. If you are a working person, you will most likely be earning income. Your income is going to be used to finance your expenditure […]