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Companies House late filing penalties

March 4, 2011 By Leave a Comment

 

I have just spoken to one of my clients who had filed his annual accounts two months late to Companies House. My client was very upset as the fee charged for filing two months late was £375! The fees charged by Companies House were sharply increased in 2009 and are now – if you ask me -extraordinary.

To avoid any late filing fees to the Companies House you have to submit your annual accounts on time (within nine months after your company’s accounting period has ended).

If you are late, the penalty charges are:

No more than one month  £150.
More than one month but not more than three months   £375
More than three months but not more than six months  £750
More than six  months £1,500

 

Ensure you provide your accountants with your information well in advance of your deadline to enable him/her to complete and file your accounts on time!

Filed Under: Business Tax, General, Start-ups Tagged With: ,

Kick-start your business in 2011

January 7, 2011 By Leave a Comment

 

Whether your business is a start-up or a veteran, here are 4 ways to get off to a flyer in 2011…increasing profitability, saving you time and reducing your costs.

 

 (1) Make a business plan

It cannot be stressed enough how important it is to prepare a business plan. In the same way that you wouldn’t set out on a journey without a clear idea of which route you intend to take, you should not try to run a business without a clear idea of what you want to achieve, and how you expect to get there.

A business plan should be as detailed as possible, to ensure that all potential obstacles are identified. To do this properly, you will need to include a financial budget into your plan.  Generally speaking, it is when you start to look at the numbers that you start to be more realistic about what you can (and cannot) achieve in the next three, four or five years. [Read more...]

Filed Under: General, Growing Your Business, Start-ups Tagged With: , , , , , , , , ,

Welcome to Metric Accountants’ new website!

December 13, 2010 By Leave a Comment

Welcome to our revitalised website, following its recent facelift. We are thrilled about the new look and hope you like it as much as we do!

So much is happening at Metric Accountants at the moment – as well as updating the website, we have developed our new service package, forged a new business partnership on top of starting this blog.

We wanted to update our website to make it clearer what we are all about and what makes us different. However, our strategy remains the same – we still believe that we exist to save you time and money, and to help you grow your business.

Our newly developed service package gives our clients exactly what they need in the various stages of their business venture. This way, the service that we offer changes to suit your business as it grows.

We are also excited to have teamed up with [Read more...]

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