HMRC Changes to the VAT Registration Process

HM Revenue and Customs have recently made some changes to the way VAT applications are made. In the past there was a single online form which anyone could use to submit a VAT application. The new system adds an extra step which slows the process down considerably. Applying for VAT Yourself The first step in …

How Healthy is your Company’s Intellectual Property?

Intellectual property is often an area which small businesses overlook, either because they think it is not relevant to them, or because it is surrounded in complex rules. The Intellectual Property Office (IPO) have been making a lot of effort recently to educate small businesses about intellectual property and have recently launched an online Intellectual …

Why we don’t provide Company Seals

About once a month someone asks us to provide them with a company seal or company stamp. Unfortunately we have to explain that, unlike some other company formation agents; we don’t provide company seals as part of our formation packages. Our reason for not offering them is quite simple. They have not been legally required …

Getting Away with it: Will Companies House Notice if You Fail to File Documents?

Many people don’t realise that when they create a limited company they are taking on a range of duties which have to be completed every year. Many more people fail to realise that the penalty for not meeting these requirements is prosecution. On forming a company many of the documents needed are not supplied by …

What is a trade mark?

Trade marks are part of your intellectual property. Intellectual Property is a way of identifying who owns an idea. If an idea is covered by Intellectual Property then it is protected. Anyone who wants to make money from that idea has to ask permission and may have to pay. Not all ideas can be covered …

What is a Dormant Company?

Figures from Companies House show that about 18.5% of companies in Great Britain do not do any business all year. These are classed as Dormant Companies. A dormant company is defined as having no ‘significant accounting transactions’ during a financial year. Even though a company may have done no business during the year it still …

Corporate Compliance Documents: Your company needs these to stay legal.

Many people think that once their new company is registered with Companies House they are legally compliant. We speak to a lot of people who are very surprised to find out that they need extra documentation. When we tell them that not having this documentation is a criminal offence which could land them with a …