Business
Building 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…
Read MoreIncreasing number of scam emails and telephone calls reported
Increasing number of scam emails and telephone calls reported Companies House has reported an increase in scams as letters and telephone calls pretending to be from them have come to light. The following link that has been published, not only tells you what to do if you receive a letter or telephone call from Companies…
Read MoreProfit & Loss will become mandatory when filing for small companies from 2027
Profit & Loss will become mandatory when filing for small companies from 2027 Major changes to filings for small companies will come into force shortly with compulsory profit and loss accounts and balance sheet disclosures. Companies House will begin streamlining the accounts filing options for small and micro-entity companies as well as the abolition of…
Read MoreHMRC releases information regarding businesses with HMRC debt
HMRC releases information regarding businesses with HMRC debt Reports from HMRC suggest that companies are struggling to pay tax bills on time with arrears to HMRC running at an average of £28bn per month, with official figures, which have been obtained from HMRC under the Freedom of Information, revealing the scale of unpaid debts owed…
Read MoreCompanies House ‘clean up’ is underway!
Companies House ‘clean up’ is underway! It has been reported that Companies House and the Insolvency Service have worked collaboratively to shut down thousands of companies thought to be involved in ‘illicit activities’, such as using fraud to incorporate businesses in the UK. By working together they have managed to catch up with 30 entities…
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