Filing your Confirmation Statement

The confirmation statement will replace annual returns for companies from 30 June 2016. Companies will need to file a confirmation statement from this date, providing up to date information for inclusion on the public register. This information must be provided at...
Accrual Accounting & Prepayments

Accrual Accounting & Prepayments

Accruals and prepayments are adjustments that we make to ensure that expenses and income are recognised in the correct accounting period. According to the accruals concept, expenses should be recognised in the period they are incurred rather than the period when they...
Starting a Company Checklist

Starting a Company Checklist

This guide is meant as a ‘tick list’ to help anyone starting a company to meet their responsibilities as a Director of a Limited Company. What is a Limited company? A limited company is an organisation that you can set up to run your business – it’s responsible...
Invoice Finance – Understanding Your Client Statement

Invoice Finance – Understanding Your Client Statement

Businesses which use any form of invoice finance will be used to receiving a monthly client statement form their bank or provider each month. This is an important document which shows- • How their availability is calculated • How much they owe the provider • Where,...
Invoice Finance -A User Guide

Invoice Finance -A User Guide

What is invoice finance? Invoice finance is an increasingly common form of short-term borrowing, often used to improve a company’s working capital and cash flow position. There are two main types of invoice finance- ‘discounting’ &...
Accountant’s 12 days of Christmas

Accountant’s 12 days of Christmas

On the twelfth day of Christmas M I Accountants sent to me: 12 Month End Closes 11 Credit Searches 10 Valuations 9 Finance Leases 8 Calculations 7 Payroll Journals 6 Cash Flow Forecasts 5 Bank Recs 4 VAT Returns 3 ID Uploads 2 Payment Runs and a set of Year End Stat...