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Reminders for Directors

  • One person can form a Ltd company.
  • Directors are to provide service address to Companies House for public record instead of residential address.
  • Service address can be the company registered office or other address as long as mails from Companies House can reach the directors.

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UK Tax Authority - HM Revenue and Customs

  • Companies are required to register for VAT if annual sales exceeded £68,000.
  • Companies are required to register for PAYE if directors are drawing salaries and maintain payroll records.
  • HM Revenue and Customs will issue £100 penalty if companies failed to file corporation tax returns on time.
 
Business Quiz - See what your score
1. You must issue a full VAT invoice when you sell goods or services for
 
GBP 300 and more
GBP 250 and more
GBP200 and more
Submit
 
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Bookkeeping software

 

There are many accounting and bookkeeping software available in the market. Which bookkeeping software to use for recording of your accounting transactions are largely depending on your business requirements. There are software suitable for small businesses and also complicated accounting packages designed for multinational companies involving multi currency and multi user capability.

The following software are widely used by businesses in the UK:

Sage Accounting – Sage is a leading accounting software supplier in the UK. Their software ranges from simple and straight forward to highly complex versions. Many accountants also Sage to maintain small businesses books and records. Visit www.sage.co.uk for more details.

Quicken/ QuickBooks – This software is very similar to that of Sage Bookkeeping software. It is also widely used by small businesses in the UK. Visit www.quicken.co.uk for further reference.

Microsoft Money – This is a financial package available from Microsoft. It provides an excellent entry level financial accounts system for small businesses. Visit www.microsoft.com/money/

Viztopia – this software is produced by MYOB the leading software company for many medium to large businesses. This software comes with final accounts productions.

Canterbury Accountancy - Software solutions for bookkeeping

 
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