Business
The impact of the Economic Crime and Corporate Transparency Act on Companies House
The impact of the Economic Crime and Corporate Transparency Act on Companies House In March last year, the first reforms brought about by the Economic Crime and Corporate Transparency Act 2023 came into effect and the changes granted Companies House enhanced powers to tackle corporate abuse and fraud. Before the act became law, company registration…
Read MoreAre you taking accounting advice from TikTok posts – check out the advice and some of the misleading findings below.
Are you taking accounting advice from TikTok posts – check out the advice and some of the misleading findings below. Here are seven top tips on common TikTok myths, why they are wrong and what to look out for to avoid a HMRC penalty down the road. Myth 1. You can claim anything as a…
Read MoreTax returns for Company Directors will have more tax complexity!
Tax returns for Company Directors will have more tax complexity! In recent years HMRC’s focus has been on reducing the number of taxpayers who are required to file self-assessment tax returns. However, for those who still need to file a tax return, new requirements from 2025-26 onwards will require more comprehensive reporting, particularly for business…
Read MoreOne Login system confirmed for Companies House
One Login system confirmed for Companies House Businesses will soon have to use a GOV.UK single sign in system which Companies House says will make it easier and safer for people to access its services. The system which is due to ‘go live’ from 13 October 2025 will mean that companies will have to go…
Read MoreBuilding on the success of Odoo Experience 2025
Building on the success of Odoo Experience 2025 Our team have returned to the office following the incredible valued opportunity to attend Odoo Experience 2025. The event, provided them with an excellent platform to engage with the Odoo community, discover the latest developments which are on the way, continue to strengthen relationships with partners and…
Read MoreNew personal code ID verification codes for Companies House
New personal code ID verification codes for Companies House All company directors will have to verify their identity and will be given an 11-character code from November, which will be used for Companies House services. The verification which will be instant according to Companies House, as long as the correct documentation which is supplied to…
Read MoreWe’re Heading to Odoo Experience 2025!
We’re Heading to Odoo Experience 2025! We’re excited to announce that both our MD, Dermot Kennedy and our Senior Odoo Accountant, Chris Wood will again be attending the Odoo Experience 2025 next week. As specialist Odoo accountants, we help businesses get the very best from Odoo’s accounting and finance features – from accurate reporting to…
Read MoreLate payment invoices to have a 60 day limit
Late payment invoices to have a 60 day limit Late payment of invoices costs the UK economy approximately £11bn a year and shuts down businesses every day, putting enormous stress on small and medium sized businesses. The government plans to effectively limit payment terms between UK businesses to 60 days by introducing legislation to amend…
Read MorePlans to update anti-money laundering rules in the pipeline
Plans to update anti-money laundering rules in the pipeline The Treasury is going ahead with plans to update the anti-money laundering rules to clarify due diligence requirements, remove euro currency values and enhance the trust register. Following a consultation on the rules, the Treasury have announced they will make a number of changes to the…
Read MoreNational Insurance Contributions are up £5bn on same time last year!
National Insurance Contributions are up £5bn on same time last year! The overall National Insurance Contributions (NIC’s) take has increased by £11.76bn between April and June 2025, soaring to £209.6bn in just three months, with almost £5bn of this increase coming directly from employers’ NICs. Income tax, capital gains tax and NICs have accounted for…
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