Mircro-entities reporting and FRS 105
In a move to reduce administrative burden for small businesses, companies in the UK meeting certain criteria called ‘micro-entities’ will be subject less disclosure requirements when it comes to financial reporting. The Small Companies (Micro-Entities’ Accounts) Regulations 2013 having radically overhauled the reporting regime for micro-entities, FRC is all set to introduce a new accounting […]
Auto enrolment – small businesses
Every employer with at least one member of staff now has now additional responsibilities in the form providing a workplace pension scheme and contributing towards it. This is called automatic enrolment. The start date for getting the pension in place depends on the number of employees that a business employs. For small businesses the following […]
Childcare through your own limited company
Available from 2005 onwards “employer supported childcare” is basically a way to remunerate the employees where everybody is the winner tax-wise. Where the employer is your own company the payments made towards childcare, subject meeting the conditions, are allowed as a deduction and there is no tax or NI liability on the employee that is […]
