This document outlines the agenda and content of a seminar for first time directors. The seminar covers topics such as the responsibilities of directors, statutory filings like annual returns and accounts that must be submitted to Companies House, penalties for late filings, and voluntary strike off of companies. It provides overviews of different types of companies and how to make changes or updates through Companies House. The seminar also reviews legislative changes and tools from Companies House like WebFiling and PROtected Online Filing to help directors meet their obligations.
First Time Directors Presentation - January 2015CompaniesHouse
This document outlines an agenda for a first time directors seminar covering registering a company, making changes and fulfilling responsibilities with Companies House. It discusses incorporation, web filing, statutory filings like annual returns and accounts, penalties for non-compliance, and voluntary strike off. Products and services from Companies House like web checks, mobile apps, and monitoring services are also presented.
This seminar provided an overview of intellectual property for first time directors. It began with an introduction to Companies House, including how to register and file documents. It discussed director responsibilities like statutory filings, penalties for late filings, and voluntary strike-off. There was also information provided on intellectual property from the Intellectual Property Office, including an overview of trademarks, copyright, and available assistance. The seminar aimed to help new directors understand filing requirements and leverage intellectual property.
The document provides an agenda for a networking and information day hosted by Companies House. The agenda covers various topics related to Companies House including an introduction, the limited company, online filing, information services, intellectual property, and question time. A 30 minute comfort break is also included on the agenda.
First Time Directors Presentation June 2014CompaniesHouse
This document provides an agenda and overview of information from Companies House. It begins with welcoming attendees and introducing Companies House and what it does, including recording company life events and providing trusted information. It then discusses various company types, how to start and make changes to a company, trading disclosures, and director and secretary responsibilities. The document also summarizes Companies House's strategic review, filing annual returns and accounts, late filing penalties, and the dissolution process. It concludes with a discussion of intellectual property.
The document provides an agenda for a Companies House presentation covering various topics related to limited companies, filing information, and intellectual property. The agenda includes welcome and introductions, an overview of Companies House and the Companies Act 2006, a break, how to file information online, information services, intellectual property, and conclusions. Key details are provided about Companies House's role recording UK company life events, strategic goals to provide free data and electronic filing, and the various types of companies. Processes like incorporation, making changes, annual returns, and accounts are outlined. Responsibilities of directors, secretaries, and penalties for late filings are covered. The presentation will conclude with a discussion of intellectual property.
The document provides guidance on running a limited company in the UK. It discusses key topics such as the legal structure of a limited company, how shareholders and directors are paid, statutory reporting requirements like filing annual accounts and returns, and administrative obligations around registered offices, company signage and branding. Directors have extensive legal responsibilities to act in the company's interests and comply with duties outlined in the Companies Act 2006.
Companies House is the UK registrar of companies that records company information for public access. It ensures companies file annual returns and accounts on time to avoid penalties. Companies House provides online filing services to make compliance easier. It also offers free search services and mobile apps to check company information remotely. The presentation covered Companies House's role and responsibilities as well as the filing requirements for UK companies.
This document provides information on various services offered by an accounting firm, including:
- Auditing services in accordance with auditing standards.
- Tax agent and consultant services such as tax return preparation and tax planning advice.
- Business finance services like cash flow analysis, cost control, and budget planning.
- Corporate secretarial services like maintaining statutory company records and filing annual returns.
It also provides details on tax-related topics like corporation tax, income tax, PAYE, and tax planning strategies. The document aims to promote the firm's services and solutions to business challenges related to compliance, cash flow management, and profitability.
First Time Directors Presentation - January 2015CompaniesHouse
This document outlines an agenda for a first time directors seminar covering registering a company, making changes and fulfilling responsibilities with Companies House. It discusses incorporation, web filing, statutory filings like annual returns and accounts, penalties for non-compliance, and voluntary strike off. Products and services from Companies House like web checks, mobile apps, and monitoring services are also presented.
This seminar provided an overview of intellectual property for first time directors. It began with an introduction to Companies House, including how to register and file documents. It discussed director responsibilities like statutory filings, penalties for late filings, and voluntary strike-off. There was also information provided on intellectual property from the Intellectual Property Office, including an overview of trademarks, copyright, and available assistance. The seminar aimed to help new directors understand filing requirements and leverage intellectual property.
The document provides an agenda for a networking and information day hosted by Companies House. The agenda covers various topics related to Companies House including an introduction, the limited company, online filing, information services, intellectual property, and question time. A 30 minute comfort break is also included on the agenda.
First Time Directors Presentation June 2014CompaniesHouse
This document provides an agenda and overview of information from Companies House. It begins with welcoming attendees and introducing Companies House and what it does, including recording company life events and providing trusted information. It then discusses various company types, how to start and make changes to a company, trading disclosures, and director and secretary responsibilities. The document also summarizes Companies House's strategic review, filing annual returns and accounts, late filing penalties, and the dissolution process. It concludes with a discussion of intellectual property.
The document provides an agenda for a Companies House presentation covering various topics related to limited companies, filing information, and intellectual property. The agenda includes welcome and introductions, an overview of Companies House and the Companies Act 2006, a break, how to file information online, information services, intellectual property, and conclusions. Key details are provided about Companies House's role recording UK company life events, strategic goals to provide free data and electronic filing, and the various types of companies. Processes like incorporation, making changes, annual returns, and accounts are outlined. Responsibilities of directors, secretaries, and penalties for late filings are covered. The presentation will conclude with a discussion of intellectual property.
The document provides guidance on running a limited company in the UK. It discusses key topics such as the legal structure of a limited company, how shareholders and directors are paid, statutory reporting requirements like filing annual accounts and returns, and administrative obligations around registered offices, company signage and branding. Directors have extensive legal responsibilities to act in the company's interests and comply with duties outlined in the Companies Act 2006.
Companies House is the UK registrar of companies that records company information for public access. It ensures companies file annual returns and accounts on time to avoid penalties. Companies House provides online filing services to make compliance easier. It also offers free search services and mobile apps to check company information remotely. The presentation covered Companies House's role and responsibilities as well as the filing requirements for UK companies.
This document provides information on various services offered by an accounting firm, including:
- Auditing services in accordance with auditing standards.
- Tax agent and consultant services such as tax return preparation and tax planning advice.
- Business finance services like cash flow analysis, cost control, and budget planning.
- Corporate secretarial services like maintaining statutory company records and filing annual returns.
It also provides details on tax-related topics like corporation tax, income tax, PAYE, and tax planning strategies. The document aims to promote the firm's services and solutions to business challenges related to compliance, cash flow management, and profitability.
The document outlines a presentation about regulatory reforms and capacity building for the Tongan Companies Register. It discusses the IFC's involvement in Tonga focused on business startups and operations. It also details the features and benefits of the new online Companies Register website including available corporate information, forms, fees, and customer support. Companies have from December 1, 2009 to May 31, 2010 to re-register on the new system or risk being struck from the register.
This document provides an overview of company incorporation in India, including:
1) The different categories of companies and their basic requirements, such as a minimum of seven subscribers for a public limited company and two subscribers for a private limited company.
2) The brief procedure for company incorporation, which involves applying for director identification numbers, selecting a company name and type, drafting legal documents, paying fees, and obtaining certificates of incorporation and commencement of business.
3) The list of documents required for incorporation under the SPICe process, including identity proofs, address proofs, and signed forms for directors and shareholders.
4) An explanation of the SPICe+ e-form and name reservation process. Once
GEN-ELEC-10-G01 - Guide for Tax Practitioners on eFiling - External GuideFrancis AB Hlengwa
This document provides guidance to tax practitioners on various eFiling functions, including registering as a tax practitioner on eFiling, adding new users under their profile, adding new clients, assigning user rights, and managing groups. It outlines the tax practitioner registration process which involves registering with a controlling body and then on eFiling. It describes how to register a new user, change user details, delete users, and manage groups and rights. It also covers adding new clients, the practitioner registration configuration options, and submitting tax returns as a preparer.
Lawyer in Vietnam Dr. Oliver Massmann UNNECESSARY TAX AND CUSTOMS RELATED BUR...Dr. Oliver Massmann
The document discusses several issues faced by investors in Vietnam related to unnecessary tax and customs burdens imposed by state authorities. Some of the key issues mentioned include retrospective collection of taxes despite tax incentives provided, inconsistencies in applying HS codes for imported goods which results in higher tax rates and penalties, misinterpretation of guidance on tax declarations leading to wrongful penalties, and rejection of VAT refunds due to administrative errors. The document calls for Vietnamese state authorities to implement policies consistently and protect lawful rights and interests of enterprises to support the country's socioeconomic development goals.
Government's strong efforts to improve business environmentDr. Oliver Massmann
The Vietnamese government issued Resolution 19 to improve the country's business environment and competitiveness by 2016. The resolution aims to reduce administrative procedures like taxes, customs, and business registration by removing steps and shortening processing times. It also commits government bodies to simplify regulations and laws to promote business. Specific targets include lowering the tax payment period, decreasing import/export clearance times, and reducing the maximum processing time for business establishment, bankruptcy procedures, and commercial disputes. The resolution further calls for more involvement from business groups to support economic development and resolve issues facing companies.
What you should do to get your trn (Tax No) in UAE?AhmedTalaat127
First Off, What is VAT in UAE?
Get to Know VAT
Who are the Eligible Businesses to Register for VAT in UAE?
What Documents Do You Need to Prepare for VAT Registration in UAE?
Documents required for VAT registration in UAE
How to Register and Obtain TRN?
Electronic Filing and Payment System For Entrepreneurs, Self-Employed Individ...elizabeth costales
Free webinar was conducted on November 1, 2013 in coordination with DigitalFilipino.com.
TOPIC: Electronic Filing and Payment System for Entrepreneurs, Self-Employed Individuals, Professionals and Mixed-Income Earners
This document summarizes a presentation on business taxes made by Ford Tax and Accounting, LLC. It discusses various topics related to federal and state business taxes including: choosing a business entity; deducting start-up costs, regular business expenses, and home offices; tax implications of money going into and out of a business; hiring employees and contractors; and opportunities to reduce taxes through credits and deductions. The presentation aims to increase awareness of tax obligations and identify tax savings opportunities for business owners.
Power Up Your Business: NC Department of RevenueLady Bizness
Power Up Your Business is a Workshop created by Lady Bizness to expose business onwers and entrepreneurs to the experts in the state that provide up to date information to help your business be more successful.
You're in business, now what? You need resources to help your business grow. You want to make sure you cross all the T's and dot all the I's. You need help with taxes, formation, mentoring and marketing? Let us help you "Power Up Your Business".
Registration & Networking from 5:30 - 6pm
You will hear from the following organizations:
IRS: Federal Tax Law Compliance Tips | IRS.gov Resources | Business ID Theft | Employment Tax Issues
BLNC: Registering Your Business | Getting the Correct Licenses and Permits | Registering with Tax Organization | Learning about Compliance Issues for Your Specific Business
NCDOR: The basics of NC tax law compliance | Registering your Business | Employee Withholding | Sales and Use Tax Requirements | Programs for Businesses that have fallen behind
Doing Business Indicators developed and measured by the World Bank compare the economies of over 180 countries based on a wide variety of statistics, from credit availability to cross border trading. In 2018, Bangladesh ranked 177/180 obtaining the DTF score 40.99/100. Some observations and recommendations are presented here.
- When starting a limited company, you must register it with Companies House by providing information such as the company name and directors, and creating documents like a memorandum of association.
- As a limited company, it is important to understand the legal status and maintain proper accounts, which includes filing corporate tax returns. You must report pay and dividends as well as the statement of comprehensive income.
- The taxable profits of the limited company are subject to corporation tax, which involves filing a corporate tax return with HMRC by certain deadlines. It is important to comply with all filing requirements for limited companies.
The document discusses tax implementation in Oracle's EBiz Tax module. It explains that taxes can be defined and applied based on four factors: product, place, party, and process. The EBiz Tax module allows defining tax rules, rates, and conditions that are dependent on these four factors. It also describes how tax regimes are configured using the regime to rate flow wizard, where taxes can be defined for a regime along with jurisdictions, rates, statuses, and rules.
ABC Corporation, an S corporation, deducted a $100,000 expense in 2014 when it was a C corporation. In 2015, ABC received a $40,000 refund of that expense. Under the tax benefit doctrine, ABC must include the $40,000 refund in its 2015 income, which will then pass through and be taxed to its shareholders for 2015. The tax benefit doctrine requires repayment of previously deducted expenses to be included as income if the repayment is fundamentally inconsistent with the previous deduction. Changing to an S corporation does not make ABC a new taxpayer - it is still required to report the repayment as income under the tax benefit doctrine.
NL Tax Advantages Sole Proprietorship vs Private Limited CompanyJürgen van de Sande
Workshop for Eindhoven Startups Foundation about Dutch Tax Advantages Sole Proprietorship (eenmanszaak) vs Private Limited Liability Company (besloten vennootschap, B.V.)
Questions? Contact me by:
Phone: +31 (0)40 244 42 88
Email: info@dewert.nl
Twitter: @jurgenvdsande
This VAT Alert sets out possible options for certain Spanish taxpayers to opt to in, in November 2017:
- Immediate Supply of Information on VAT (ISI)
- Special Register to receive monthly VAT refunds
- Deferment of Import VAT payments
This document discusses various statutory registrations required for sole proprietorships and partnerships in India. It outlines key registrations including: PAN (permanent account number), TAN (tax deduction and collection account number), VAT/CST (value added tax/central sales tax), professional tax, IEC code (import-export code), central excise, and service tax. The registrations are required under various acts and apply to businesses based on factors like location, turnover amount, goods/services offered. The overview is meant to guide entrepreneurs but not provide legal advice, as professionals should be consulted on compliance with the specific rules.
The document discusses the setup and configuration of tax rules and calculations in Oracle R12 E-Business Tax module. It provides an example of configuring use tax calculation for accounts payable invoices based on the combination of balancing segment and ship to location zip code. The key steps include:
1. Defining tax regimes, taxes, statuses, jurisdictions, and rates for the relevant locations and tax types.
2. Creating tax determining factor sets and condition sets to define the logic for applying different tax rates based on balancing segment and zip code.
3. Setting up tax rules to determine tax applicability and rates using the defined determining factor sets and condition sets.
4. Enabling self-assessed tax
This document summarizes key information from a workshop on tax issues for self-employed individuals and small businesses. It discusses self-assessment requirements, the difference between being a sole trader or limited company, annual tax compliance including filing and payment deadlines, allowable business expenses and deductions, VAT registration thresholds, and tax relief programs like SURE and the Home Renovation Scheme. The workshop covers registration for ROS (Revenue Online Service) to file taxes electronically.
This document provides reminders and updates from the Bureau of Internal Revenue (BIR) regarding tax deadlines, rules, and filing requirements for each month. It includes notices on amended regulations, mandatory forms and processes, holidays, and due dates. Key deadlines in December include submitting consolidated transaction reports by December 1st and various tax filing and payment deadlines between December 11-13 based on taxpayer group. The document aims to keep taxpayers informed of changing BIR guidelines.
First Time Directors Presentation - March 2015CompaniesHouse
This document provides an agenda and information for a first time directors seminar hosted by Companies House. The agenda covers an introduction to Companies House, incorporation and registering for online filing, directors' responsibilities, statutory filings, penalties for late filings, and Companies House products and services. It also briefly discusses the Intellectual Property Office.
First Time Directors Presentation - August 2014CompaniesHouse
The document outlines an agenda for a seminar for first time directors. The agenda covers introducing Companies House, incorporating and registering a company, director responsibilities, statutory filings like annual returns and accounts, penalties for late filings, and Companies House products and services. It provides guidance on company registration, making changes to company information, filing responsibilities, and using Companies House online tools.
The document outlines a presentation about regulatory reforms and capacity building for the Tongan Companies Register. It discusses the IFC's involvement in Tonga focused on business startups and operations. It also details the features and benefits of the new online Companies Register website including available corporate information, forms, fees, and customer support. Companies have from December 1, 2009 to May 31, 2010 to re-register on the new system or risk being struck from the register.
This document provides an overview of company incorporation in India, including:
1) The different categories of companies and their basic requirements, such as a minimum of seven subscribers for a public limited company and two subscribers for a private limited company.
2) The brief procedure for company incorporation, which involves applying for director identification numbers, selecting a company name and type, drafting legal documents, paying fees, and obtaining certificates of incorporation and commencement of business.
3) The list of documents required for incorporation under the SPICe process, including identity proofs, address proofs, and signed forms for directors and shareholders.
4) An explanation of the SPICe+ e-form and name reservation process. Once
GEN-ELEC-10-G01 - Guide for Tax Practitioners on eFiling - External GuideFrancis AB Hlengwa
This document provides guidance to tax practitioners on various eFiling functions, including registering as a tax practitioner on eFiling, adding new users under their profile, adding new clients, assigning user rights, and managing groups. It outlines the tax practitioner registration process which involves registering with a controlling body and then on eFiling. It describes how to register a new user, change user details, delete users, and manage groups and rights. It also covers adding new clients, the practitioner registration configuration options, and submitting tax returns as a preparer.
Lawyer in Vietnam Dr. Oliver Massmann UNNECESSARY TAX AND CUSTOMS RELATED BUR...Dr. Oliver Massmann
The document discusses several issues faced by investors in Vietnam related to unnecessary tax and customs burdens imposed by state authorities. Some of the key issues mentioned include retrospective collection of taxes despite tax incentives provided, inconsistencies in applying HS codes for imported goods which results in higher tax rates and penalties, misinterpretation of guidance on tax declarations leading to wrongful penalties, and rejection of VAT refunds due to administrative errors. The document calls for Vietnamese state authorities to implement policies consistently and protect lawful rights and interests of enterprises to support the country's socioeconomic development goals.
Government's strong efforts to improve business environmentDr. Oliver Massmann
The Vietnamese government issued Resolution 19 to improve the country's business environment and competitiveness by 2016. The resolution aims to reduce administrative procedures like taxes, customs, and business registration by removing steps and shortening processing times. It also commits government bodies to simplify regulations and laws to promote business. Specific targets include lowering the tax payment period, decreasing import/export clearance times, and reducing the maximum processing time for business establishment, bankruptcy procedures, and commercial disputes. The resolution further calls for more involvement from business groups to support economic development and resolve issues facing companies.
What you should do to get your trn (Tax No) in UAE?AhmedTalaat127
First Off, What is VAT in UAE?
Get to Know VAT
Who are the Eligible Businesses to Register for VAT in UAE?
What Documents Do You Need to Prepare for VAT Registration in UAE?
Documents required for VAT registration in UAE
How to Register and Obtain TRN?
Electronic Filing and Payment System For Entrepreneurs, Self-Employed Individ...elizabeth costales
Free webinar was conducted on November 1, 2013 in coordination with DigitalFilipino.com.
TOPIC: Electronic Filing and Payment System for Entrepreneurs, Self-Employed Individuals, Professionals and Mixed-Income Earners
This document summarizes a presentation on business taxes made by Ford Tax and Accounting, LLC. It discusses various topics related to federal and state business taxes including: choosing a business entity; deducting start-up costs, regular business expenses, and home offices; tax implications of money going into and out of a business; hiring employees and contractors; and opportunities to reduce taxes through credits and deductions. The presentation aims to increase awareness of tax obligations and identify tax savings opportunities for business owners.
Power Up Your Business: NC Department of RevenueLady Bizness
Power Up Your Business is a Workshop created by Lady Bizness to expose business onwers and entrepreneurs to the experts in the state that provide up to date information to help your business be more successful.
You're in business, now what? You need resources to help your business grow. You want to make sure you cross all the T's and dot all the I's. You need help with taxes, formation, mentoring and marketing? Let us help you "Power Up Your Business".
Registration & Networking from 5:30 - 6pm
You will hear from the following organizations:
IRS: Federal Tax Law Compliance Tips | IRS.gov Resources | Business ID Theft | Employment Tax Issues
BLNC: Registering Your Business | Getting the Correct Licenses and Permits | Registering with Tax Organization | Learning about Compliance Issues for Your Specific Business
NCDOR: The basics of NC tax law compliance | Registering your Business | Employee Withholding | Sales and Use Tax Requirements | Programs for Businesses that have fallen behind
Doing Business Indicators developed and measured by the World Bank compare the economies of over 180 countries based on a wide variety of statistics, from credit availability to cross border trading. In 2018, Bangladesh ranked 177/180 obtaining the DTF score 40.99/100. Some observations and recommendations are presented here.
- When starting a limited company, you must register it with Companies House by providing information such as the company name and directors, and creating documents like a memorandum of association.
- As a limited company, it is important to understand the legal status and maintain proper accounts, which includes filing corporate tax returns. You must report pay and dividends as well as the statement of comprehensive income.
- The taxable profits of the limited company are subject to corporation tax, which involves filing a corporate tax return with HMRC by certain deadlines. It is important to comply with all filing requirements for limited companies.
The document discusses tax implementation in Oracle's EBiz Tax module. It explains that taxes can be defined and applied based on four factors: product, place, party, and process. The EBiz Tax module allows defining tax rules, rates, and conditions that are dependent on these four factors. It also describes how tax regimes are configured using the regime to rate flow wizard, where taxes can be defined for a regime along with jurisdictions, rates, statuses, and rules.
ABC Corporation, an S corporation, deducted a $100,000 expense in 2014 when it was a C corporation. In 2015, ABC received a $40,000 refund of that expense. Under the tax benefit doctrine, ABC must include the $40,000 refund in its 2015 income, which will then pass through and be taxed to its shareholders for 2015. The tax benefit doctrine requires repayment of previously deducted expenses to be included as income if the repayment is fundamentally inconsistent with the previous deduction. Changing to an S corporation does not make ABC a new taxpayer - it is still required to report the repayment as income under the tax benefit doctrine.
NL Tax Advantages Sole Proprietorship vs Private Limited CompanyJürgen van de Sande
Workshop for Eindhoven Startups Foundation about Dutch Tax Advantages Sole Proprietorship (eenmanszaak) vs Private Limited Liability Company (besloten vennootschap, B.V.)
Questions? Contact me by:
Phone: +31 (0)40 244 42 88
Email: info@dewert.nl
Twitter: @jurgenvdsande
This VAT Alert sets out possible options for certain Spanish taxpayers to opt to in, in November 2017:
- Immediate Supply of Information on VAT (ISI)
- Special Register to receive monthly VAT refunds
- Deferment of Import VAT payments
This document discusses various statutory registrations required for sole proprietorships and partnerships in India. It outlines key registrations including: PAN (permanent account number), TAN (tax deduction and collection account number), VAT/CST (value added tax/central sales tax), professional tax, IEC code (import-export code), central excise, and service tax. The registrations are required under various acts and apply to businesses based on factors like location, turnover amount, goods/services offered. The overview is meant to guide entrepreneurs but not provide legal advice, as professionals should be consulted on compliance with the specific rules.
The document discusses the setup and configuration of tax rules and calculations in Oracle R12 E-Business Tax module. It provides an example of configuring use tax calculation for accounts payable invoices based on the combination of balancing segment and ship to location zip code. The key steps include:
1. Defining tax regimes, taxes, statuses, jurisdictions, and rates for the relevant locations and tax types.
2. Creating tax determining factor sets and condition sets to define the logic for applying different tax rates based on balancing segment and zip code.
3. Setting up tax rules to determine tax applicability and rates using the defined determining factor sets and condition sets.
4. Enabling self-assessed tax
This document summarizes key information from a workshop on tax issues for self-employed individuals and small businesses. It discusses self-assessment requirements, the difference between being a sole trader or limited company, annual tax compliance including filing and payment deadlines, allowable business expenses and deductions, VAT registration thresholds, and tax relief programs like SURE and the Home Renovation Scheme. The workshop covers registration for ROS (Revenue Online Service) to file taxes electronically.
This document provides reminders and updates from the Bureau of Internal Revenue (BIR) regarding tax deadlines, rules, and filing requirements for each month. It includes notices on amended regulations, mandatory forms and processes, holidays, and due dates. Key deadlines in December include submitting consolidated transaction reports by December 1st and various tax filing and payment deadlines between December 11-13 based on taxpayer group. The document aims to keep taxpayers informed of changing BIR guidelines.
First Time Directors Presentation - March 2015CompaniesHouse
This document provides an agenda and information for a first time directors seminar hosted by Companies House. The agenda covers an introduction to Companies House, incorporation and registering for online filing, directors' responsibilities, statutory filings, penalties for late filings, and Companies House products and services. It also briefly discusses the Intellectual Property Office.
First Time Directors Presentation - August 2014CompaniesHouse
The document outlines an agenda for a seminar for first time directors. The agenda covers introducing Companies House, incorporating and registering a company, director responsibilities, statutory filings like annual returns and accounts, penalties for late filings, and Companies House products and services. It provides guidance on company registration, making changes to company information, filing responsibilities, and using Companies House online tools.
This document provides information about sole traders and limited companies. It discusses what a sole trader is, their legal responsibilities, and how to register as one. It also covers why someone may want to form a limited company instead, the benefits of limited liability, and what information a limited company must provide to Companies House. Finally, it discusses some of the functions of Companies House, including company registration, annual reporting requirements, filing accounts, and dissolving a company.
Limited companies must provide certain information to Companies House for public viewing in exchange for limited liability status. This includes company name, place of registration, registered office address, and registered number which must be displayed on all business documents. Directors are responsible for ensuring accurate company records and timely filing of annual returns and accounts. Failure to submit required documents by deadlines can result in financial penalties against the company. Voluntary dissolution requires authorization from directors and no trading activity in the prior three months.
1) The document discusses the responsibilities and requirements for limited companies registered with Companies House including filing annual returns and accounts, appointing directors and secretaries, and displaying company information on business materials.
2) Companies must file annual returns each year within 28 days of the legal return date along with accounts within 9 months for a private company or 6 months for a public company of the accounting reference date to avoid penalties for late filing.
3) Directors are responsible for ensuring accurate information is filed with Companies House including any changes to director and secretary details, the registered office address, and filing annual accounts on time.
This document outlines an agenda and presentation for a networking and information day hosted by Companies House. The agenda covers topics like the limited company, online filing, Companies House services, secretary and director responsibilities, intellectual property, and more. Companies House is a public body that records company information in the UK to make it accessible and help create excellent customer experiences.
Networking & Information Day Presentation July 2014CompaniesHouse
This document summarizes a presentation from Companies House about the services they provide. It discusses how Companies House records company information for all types of companies in the UK. It outlines the responsibilities of company directors and secretaries in keeping records accurate and up to date. It also describes the process for filing annual returns and accounts, as well as penalties for late filings. The presentation provides information on online filing options and tools available on the Companies House website.
This document provides a summary of a networking and information day hosted by Companies House. It discusses the role and services of Companies House, including registering and filing requirements for companies. Key topics covered include registering different types of companies, director and secretary responsibilities, online filing through WebFiling, annual return and accounts filing, and penalties for late filing. Intellectual property is also briefly discussed.
Procedure to registration a pvt as per companies act 2013Khanna Asssociates
KHANNA & ASSOCIATES is a 70 year old taxation lawyer and chartered accountant firm .It includes Company Secretary , MBA s, Taxation Lawyers and Chartered Accountant. We are an international law firm . We provide various services legal to finance.
we provide the formation, Promotion ,Incorporation ,management and post-incorporation compliance services for LLP/Private/Public/Wos/Ngos/Non-profit offshore and onshore companies.
Latest Companies House Presentation - Nov 2014CompaniesHouse
Companies House is an organization that records company information in the UK. It provides a world-class information exchange that allows access to trusted company data. Companies House requires companies to file annual returns and accounts electronically through its online filing system to keep company information up to date. It offers various online tools and services to search company information and monitor filing obligations.
Presentation Slides from InfoLab21 and the Intellectual Property Office's event: "Intellectual Property: Value Creation" at Lancaster House Hotel on 14th February 2012.
The document summarizes information from a presentation on financial fundamentals for creative practitioners, including:
- The presenter, Jane Norton FMAAT, is the director of Norton Accountancy Ltd and formerly served as a trustee for Spike Island for 5 years.
- Norton Accountancy has 3 offices in Bristol, Cardiff, and Newport with 25 staff serving over 2000 clients, many of whom are artists, musicians, writers and designers.
- The presentation covers topics such as methods of trading as different types of businesses, the importance of having a business plan, funding requirements, bookkeeping, profit and loss accounting, tax returns, and annual accounts.
This presentation provides an overview of key changes and requirements under the Companies Act 2014, including how to avail of the audit exemption, convert existing companies to the new structures of LTD or DAC, the process for unlimited companies, and addressing issues with directors' loans and late CRO filings. The presentation outlines the options and steps involved in complying with the Act.
Insight on Companies Bill 2012 and its impactSudheer Paidi
The document summarizes some of the key changes introduced by the Companies Bill 2012 which was passed by the Lok Sabha on December 18, 2012. Some major changes include restrictions on number of directorships a person can hold, mandatory rotation of auditors after a fixed period, introduction of secretarial standards and mandatory secretarial audit for listed companies, increased responsibilities of company secretaries, and provisions around corporate social responsibility. The bill aims to replace the 56 year old Companies Act and introduce greater transparency and investor protection norms.
Learn about the key trends and recent legislative updates in the nation’s most popular state to incorporate. In addition, attendees will have the opportunity to hear about pending and future legislation, as well as gain insight into changes in franchise taxes and annual reports.
Accounting provides a standardized language to identify, measure, and communicate a business's economic information. The basic accounting concepts include the chart of accounts (COA), which categorizes transactions into accounts like assets, liabilities, equity, income and expenses. Financial statements like the profit and loss statement, balance sheet, and cash flow statement give an overall picture of the business's performance and financial position using the framework in the COA. Proper accounting helps track cash flows, profits and losses, assets and liabilities to understand a business's whole financial situation.
This document provides an overview of limited liability partnerships (LLPs) under Indian law. Key points include: LLPs were introduced in India via the LLP Act of 2008, providing hybrid corporate-partnership status with limited partner liability; LLPs must have 2 or more partners, including at least 2 designated partners meeting residency and other requirements; contributions and roles of partners are defined, with liability limited to contributions except in cases of fraud; and procedures for incorporation, disclosures, conversion from other structures, and winding up of LLPs are outlined. Recent amendments further incentivize compliance and shift of unincorporated businesses to the LLP structure.
Bookkeeping and taxes might be the farthest thing from your mind when starting a business, but if they are done wrong, or not done at all, it can end up costing you more than you realize.
Eileen Driscoll of Supporting Strategies will discuss the “Three C’s” of proper bookkeeping - consistency, controls and cash - for your business to ensure you can produce accurate and useful financial information. She will be joined by Robert Traester and Dawn Darnell of WithumSmith+Brown, PC who will discuss tax planning opportunities for your business in a post-tax-reform climate.
Speakers
Eileen Driscoll, Managing Director, Supporting Strategies
Robert Traester, Senior Tax Accountant, WithumSmith+Brown, PC
Dawn Darnell, Senior Manager, WithumSmith+Brown, PC
FAQs on Provisions and penalties for ‘struckjayjani123
The Ministry of Corporate Affairs (MCA) took strict action in 2017 by “Striking Off” more than 2 lakh firms as part of the ongoing effort to cleanse the financial sector.
More than 3 lakh Director Identification Numbers (DINs) were mistakenly deactivated due to this operation.
2. Agenda
Introduction to Companies House
Making Changes and Responsibilities
Benefits of Compliance verses Non Compliance
Late Filing Penalties And Voluntary Strike Off
15 Minute Break
Incorporation and Registering for WebFiling
PROtected On line Filing
Companies House Products and Services
Legislative Changes (Small Business Enterprise and
Employment Act (SBEEA)
Intellectual Property Office
3.
4.
5. All Company Types
Private limited (LTD)
Limited by Guarantee
Public Limited Company (PLC)
Limited Liability Partnership (LLP)
Limited Partnerships (LP)
Community Interest Companies (CIC)
6. Differences between types
Limited, PLC Dormant LLP
Memorandum & Articles Partnership Agreement
Directors 2 Designated Members
Shareholders Members
Register for Corporation Tax Register for Self Assessment
Limited by Guarantee LP
Members not shareholders 1 General Partner - Liable for debt
CIC 1 Limited Partner - Contribute amount
Approval from CIC regulator
Shareholders or Members
Benefits to the community
7. Making changes
Memorandum and Articles of Association
Company’s rule book
Call a meeting
Pass a resolution
File resolution and new Articles within 15 days of being passed.
Change the company name
Check availability of the required name via WebCHeck Service
Change can be filed via website fee £8, same day fee is £30
8. Directors Responsibilities
As a director of a limited company, the law says you must:
• Try to make the company a success, using your skills,
experience and judgement
• Follow the company’s rules, shown in its Articles of Association
• Make decisions for the benefit of the company, not yourself
• Tell other shareholders if you might personally benefit from a
transaction the company makes
• Keep company records and report changes to Companies House
and HM Revenue and Customs (HMRC)
• Make sure the company’s accounts are a ‘true and fair view’ of the
business’ finances
9. Directors Responsibilities
• Ensure no person under the age of 16 appointed
(except for LLP)
• No upper age limit
• Date of birth Suppression – XX / Month / Year (SBEEA)
• At least 1 person (non corporate) appointed (except
for LLP)
• Prohibition on appointing Corporate directors (SBEEA)
• Directors and secretaries details are kept up to date
Relevant forms..
• AP01-AP04 – Appointing officers
• CH01-CH04 - Service addresses for officers
• TM01-TM02 – Termination
10. Directors Responsibilities
• Registered office address must be effective and
correct on Companies House Records at all times.
• Cannot be a PO Box unless it includes a full address
• AD01 - Address change
• AD02 - Address notified of Single Alternative
Inspection Location (SAIL)
• Records & Registers at the address listed on AD03
• Company Registers 30th
June 2016
• Also notified on annual return
• All forms involved can be filed online
11. Secretary Duties
Every PLC needs one
Private companies – it’s optional
Usual duties include:
Notifying Changes
Maintaining statutory registers
Notifying members and auditor of meetings
Providing copies of resolutions and agreements
Supplying copies of company accounts
12. Trading Disclosures
The company name must be displayed at all:
• Places of business
• Registered office
Does not apply to:
• Dormant companies
• Business at your home address
13. Trading Disclosures
All items of business stationery & communications
including emails and company website must
show:
Company name
Place of registration
Registered number
Registered office address
If being wound up
Director information (optional)
15. Directors Responsibilities - Statutory Filings
Annual Return
• Not the financial return
• All companies have to file one each year
• Based on your Legal Return Date
• Snapshot of the Company details at this date
• Must be filed within 28 days of this date
• £13 filing fee online (£40 for paper filing)
18. Directors responsibilities- Statutory Filings
Accounts
• Companies have to file accounts each year
• Whether trading, non-trading or Dormant
• Most Account types can be filed online
• Based on your Accounting Reference Date (ARD)
• Ensure the (ARD) is shown on the balance sheet
• No filing fee
19. Accounting Reference Date
A company can change the Accounting reference date
The Accounting Reference date is based on your
incorporation date
Can be changed using form AA01
However……
Period can be shortened without restrictions
But can only be extended once in 5 years - unless
bringing in line with holding or subsidiary company
20. Accounts filing periods
Strict filing times laid down by Parliament
•Private Co - 9 months from the accounting reference date
•Public Co - 6 months from the accounting reference date
New Companies 1st Accounting Period
•Private Company - 21 months from date of incorporation
•Public Company - 18 months from date of incorporation
Automatic penalties for being late
23. WebFiling Accounts
Already E-enabled
Audit exemption abbreviated
accounts, limited by shares
Audit exemption abbreviated
accounts, limited by guarantee
Dormant company accounts
Audit exemption full accounts
(PDF template)
Micro-Entity accounts
Full accounts with HMRC & CH
(with abbreviated option)
Not yet E-enabled
LLP accounts
PLC accounts
Community Interest Company
accounts
Audited accounts
Amending accounts
24. Benefits of filing “electronically” v paper
Filing on line Filing on paper
Quicker Time consuming
Cheaper Costly
Secure Company Hijack
Can be anywhere in the world Delays with post
25. Late Filing Penalties
• Civil Penalty against the company
• Introduced 1 July 1992 and amended 1 February 2009
• Accounts only
• Accounts must be received by Registrar by due date
• Penalties are doubled for filing late 2 years running
• Appeals procedure
• Registrar has very limited discretion not to collect a
penalty
26. Late Filing Penalties
Length of Period Private
Company
Public
Company
Not more than 1 month £150 £750
More than 1 month but not more than 3
months
£375 £1,500
More than 3 months but not more than 6
months
£750 £3,000
More than 6 months £1,500 £7,500
Don’t Forget…
Penalties are doubled for filing late 2 years running.
30. Voluntary Strike-off
Straight forward procedure
Company not traded or changed name in last 3 months
Form DS01 must be completed on paper
Majority of directors must authorise application
£10 fee to pay
Can take 6 months and is subject to third party objections
Form DS02 to stop the Strike Off
Reversible process via restoration process
Accelerated Strike off (SBEEA) October 2015
31. Glossary of terms
Annual Return
The Annual Return is the snapshot of certain company
or Limited Liability Partnership (LLP) information at the
made-up-date.
Officers
The term Officer refers to either a Secretary, Director
or LLP member. The term Company Officer refers to
only Secretary, Director or both.
Authentication Code
Authentication Code is a 6 alphanumeric code on
WebFiling which enables the submission of data for an
individual company.
Ordinary Shares
These are shares of the company with no special
rights or restrictions. They may be divided into classes
of different value.
Class of Shares
The class of shares is the name attached to the
shares e.g. ordinary, preference and redeemable.
Bearer Shares: May 26th
2015 have been
abolished.
Registered Office Address is the 'home' of the
company to which all official documents, notices and
court papers have to be sent by law. When a company
changes the new address must be notified to
Companies House on Form AD01.
Incorporation Date
The incorporation date is the date the company was
registered at Companies House.
SIC Code
The SIC (Standard Industrial Classification) is the
principal business activity of the company. A company
can have up to a maximum of four SIC codes
displayed.
38. Keep your code safe
Make sure your code isn’t easily guessable
Mix letters with numbers in your code
Only share your code with trusted company personnel
Change your code if company personnel changes
Change your code if you think the code has been
discovered
Tell your agent before you change your code
Use a different code for each company
Don’t leave your code lying around
39.
40. PROtected Online Filing
Prevent a company hijack
Change the registered office address.
Appoint an officer
To obtain credit and goods
Once registered for the PROOF scheme these paper
documents will be rejected.
AD01- Change of registered office address
AP01-AP04 - Appointment forms
CH01- CH04 - Change of officer details forms
TM01-TM02 - Termination forms
AR01- Annual Return form