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Companies Act 2006 - 1 Oct 2009

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Reminders for Directors

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

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VAT Administration and Obligations

 
General Business Quiz
1. Miss S Wilson served as director of a limited company for 10 days during the accounting year. Must this be disclosed in the director’s report?
 
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Work From Home

 

Starting a business from home is the top choice of many business people. Working from home is incredibly convenient if you are starting a small internet business. Your home is the place you have already and all you need is to find soma space. There may be distractions, but there are lots of good reasons for working home.

Save Paying Office Rent

The money you save by not renting an office can be invested instead in technology, marketing and other things that build your business.

Commuting

Travelling a few feet in the office each day can make a refreshing change after years of catching the early morning train, tube or driving to work. You can work long hours for shorter days.

Flexible Working Hours

If you are the creative type, or just like to work at odd times, working from home means you can go into the office whenever you want.

Childcare

While something of a two-edged sword, working from home makes childcare a lot easier. It is also easier to fit your work around school drop off and pick up time.

Coffee shops

Even those with an office frequently choose to meet clients in a mutually convenient coffee shop like Starbucks or Café nearby. Use coffee shops to meet people. Most also have wireless broadband so you can take your laptop and work between meetings.

Domestics Crises

Life is littered with domestic crises. It can be useful to be at home working during the day, even if it is only to let the telephone engineer in to fix your BT phone box or your boiler.

Comfortable

You can create a work-like environment, but you can dress down as far as you like if you have no meetings with customers on some days.

Interacting With People / Communication

You will undoubtedly have people who work with regularly or on a project basis. You can use live chat or conference calls such as Skype and MSN for free to hold teleconferences.

Environment

If you like to listen to music no one will stop you. You can create your office environment the way you like.

Colds

You know when someone starts sneezing in an open plan office? Soon everyone is reaching for the tissues. Working from home can avoid all this.

Working from home gives you lots of freedom to do your own things but you must also have strong self motivation and self disciplined to build your business.

Concise Accountancy – Be your own boss gives you freedom

 
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