Paperless Office – Concise Accountancy – London Chartered Accountants

Companies Act 2006 - 1 Oct 2009

Companies to use new statutory forms for filing statutory information to Companies House.
Directors to provide service address for public record instead of residential address.
Companies to provide Single Alternative Inspection Location - SAIL address if company records and registers are not kept at registered office.

Companies_house

Reminders for Directors

Registrar of Companies issue late filing penalties from £150 to £7,500 to companies if file company accounts late.

Companies House maintains companies information for public inspection.
Companies House will remove Companies and LLP if Annual Return was not filed on time.
Small and medium sized companies are eligible to file abbreviated accounts to Companies House which put less information for public records.

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VAT Administration and Obligations

Small businesses must register for VAT if sales are expected to be more than £68,000.
VAT Registered companies must file VAT returns to HMRC promptly.
Small companies may opt for VAT cash Accounting Scheme if sales are below £1.3 million.

General Business Quiz

1. What is the purpose of a National Insurance number?

To allow companies to check your credit history

To prove that you have British nationality

To prove that you have adequate home insurance

To track National Insurance contributions

Submit

How paperless office work?

Imagine an office in which everyone is linked via a computer network. All information is received electronically directly into a computer and work is done on documents in the computer. Computers are used to rearrange information using word processing, spreadsheet database, presentation, scheduling, graphic design, and a variety of other programs into required reports. These documents are edited on the computer and sent directly to the users over the office local area network or internet wireless connection. People read documents on their computer screen and respond via email. Documents are stored in computer files. The use of computers, in this vision, results in the paperless office.

Paperless Office Software

While computers have become universal in offices, and the power of computer programs has multiplied. Many companies developed paperless office software for small and growing businesses to provide smooth transition to adopting paperless office.

Suppliers for Paperless Office software for Accountancy firms are Flickthru developed by accountants for accountants and Cumulus, the paperless office software that is accredited by the Institute of Chartered Accountants in England and Wales (ICEAW),

Concise Accountancy – Promoting paperless office to save our forests and wild life.