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.
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Microsoft has confirmed as of 6 November that it will cease distribution and sale of its accounting package Microsoft Office Accounting.
Filed under: Accounting, Business | Tagged: Mamut | 1 Comment »
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.
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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 [...]
Filed under: Accounting | Tagged: Micro Entities, Statutory Accounts | Leave a Comment »
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.
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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.
Filed under: Accounting, Business, Company Formation, Uncategorized | 1 Comment »
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).
Filed under: Accounting, Audit, Business, Finance, Miscellaneous | Leave a Comment »
