Companies House and HMRC have announced a shared filing channel which is now in operation.
This follows on from a recommendation as long ago as 2006 recommending that these two bodies should work together to enable accounts to be submitted to both parties at the same time using XBRL technology. Continue reading
Microsoft has confirmed as of 6 November that it will cease distribution and sale of its accounting package Microsoft Office Accounting. Continue reading
A recent report in Accountancy informed its readers that accountants have been pipped to the post by lawyers in the area of extra-marital affairs. Continue reading
On 26 February the EC issued a legislative proposal for simplifying the financial reporting requirements for micro entities. This follows a consultation during 2007. The simplification proposal involves allowing Member States to exempt micro entities from the Accounting Directive and therefore from the requirement to prepare annual accounts in accordance with the law. In place of the European legislation Member States would be free to establish their own requirements for financial reporting. Continue reading
There is an email doing the rounds at the moment a variation of which I have seen over the years. Nevertheless, it still makes me chuckle. Entitled “economic models explained – an update”, it uses the example of 2 cows to amusingly explain different political and economic systems and country stereotypes. Continue reading
It never ceases to amaze me, even in these very difficult times, how every day of the working week; people from all over the UK are forming new companies. Continue reading
If you operate as a limited company, you will probably be aware of the late filing penalties that have existed for some years. These were levied by Companies House when accounts were filed later than their due date, (normally 10 months after the end of the financial year for a private company). Continue reading