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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. 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
 
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Total Quality Management

 

Quality is one of the key considerations of many consumers’ buying decisions. In today’s business, total quality management (TQM) is vital in order to compete with others in the same industry or at least stay at the same level.

The idea of TQM still remains very much within the domain of larger organizations although it is gradually becoming more noticeable in smaller companies. The great thing about designing and building quality into systems and procedures for small companies is that when there are still relatively few companies employing these systems, the opportunity for developing and enhancing a reputation for quality is tremendous, and so are the poten¬tial benefits for putting the business ahead of its competitors. Many big companies state within their mission statement, the objective of becoming a 'first choice supplier', but there is absolutely no reason why a small company or a sole trader cannot employ quality system to achieve the same objective within its own local market.

Canterbury Accountancy – TQM can make your business a success

 
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London Registered Office for Ltd Companies

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