Search :  
canterbury logo1 Canterbury Accountancy

About us Products and Services Pricing Ready Made Companies Accountants fees Companies House Forms Statutory books services Company accounts Abbreviated accounts 2009/10 Tax Allowances Business taxation services Starting a business Employing people

companies_house

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.

HM_Revenue_and_Customs

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. When must a limited company, with accounting period starting on 1 May 2008, file its statutory accounts to Companies House ?
 
6 months after the end of the relevant accounting reference period
9 months after the end of the relevant accounting reference period
10 months after the end of the relevant accounting reference period
Submit
 
Latest Business News : Iran sanctions: Pressure on Dubai      Tax credits and child trusts      Power cuts cripple emirate of Sharjah      Tax credit repayments 'to soar'      Addresses set to lose county name      

Management of computerized bookkeeping system

 

Although the computer may take over a number of the routine functions of bookkeeping, it is inevitable to have knowledgeable bookkeeper to assess what the computer has generated and ensure the correctness of the accounts it has produced. There is also still a data preparation role that needs to be performed when taking data from the source documents and preparing it for entry into the computer.

It is also likely that the output from the computer will not appear in an identical format to the old manual system. For example, the format of accounts produced by the computer may appear differently. This is noticeable, for example, when the bank accounts report generated by the computer software with the bank statement. It is important that the bookkeeper is aware of the different formats in which this data can appear.

The computer will not replace the role of the bookkeeper in its entirety in any business; however, the use of computer is likely to affect the functions performed by the bookkeeper. It will remove much of the routine work they conventionally have performed and replace it with more specialist roles that continue to require good knowledge of the practice of bookkeeping.

Canterbury Accountancy - Bookkeeping solutions for growing businesses and small enterprises

 
Email This Page  Print This Page


 
 

Chartered_Accountants Contact_us

Accountancy_services_price

fixed_fee_accounts_packages

London Registered Office for Ltd Companies

Company_registration

Ltd_company_filing_services

company_stationery

 Company Registers CA2006

tax_return_services