Companies House

Ready, set, launch your own practice with the help of practice management software 

You’ve taken the big step and decided to start your own accountancy practice – congratulations! It’s an exciting and challenging time for you, and I’m sure you have a to-do list that’s getting longer every day.  With so many ideas and considerations racing through your mind, it can be hard…

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UK gaming companies more than quadrupled since 2019, RSM finds

The number of new gaming companies incorporated in the UK has more than quadrupled when compared to pre-pandemic levels, according to analysis of Companies House data by RSM UK.  According to data, gaming incorporations reached a total of 848 in 2022, broadly in line with the 857 incorporations in 2021,…

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iXBRL 10 years on: What challenges do reporting companies still face? 

Inline eXtensible Business Reporting Language or iXBRL is nothing new for companies in the UK. Since its initial introduction by the HMRC in 2011, digital reporting formats have been applied and mandated for many financial and regulatory reporting regimes including CRD IV, IFR and ESEF.  By digitising regulatory reporting, iXBRL…

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How can firms improve AML compliance?

It’s highly likely that more than £12bn of criminal cash is generated annually in the UK, with the global scale of money laundering hitting hundreds of billions of pounds annually. That’s according to the National Crime Agency’s (NCA) National Strategic Assessment of Serious and Organised Crime 2021. However, many accountancy…

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Mazars resigns as British Steel auditor over fee dispute 

Mazars has reportedly resigned as the auditor of British Steel over a disagreement regarding its fee to audit the company’s latest financial statements. According to the Financial Times, Mazars resigned in July after the steelmaker refused to agree to a proposed “minimum fee” for the audit.  In a filing from…

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How to create an additional income stream, retain clients and add real value

Given the overlap between many areas of tax and financial advice, a number of firms have seen the potential for Accountants to offer financial advice and provide clients with a more holistic, joined up and value-added approach to advice and, at the same time, resolve the challenges of retaining existing…

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Companies rack up £120m in unnecessary audits fees, Azets warns

Almost 8,000 UK companies have been left with “unnecessary” compliance costs estimated at over £120m, as the audit exemption threshold for turnover has not risen in line with inflation during the past six years, according to Azets. The current audit exemption threshold for turnover is £10.2m, as of 1 January…

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Capium: the new way forward

What is the history of Capium? How was it founded?  It was an idea that stemmed from sitting with an accountant after my first exit and seeing that he had loads of different individual software and was importing and exporting. My CEO Sanjay, customer success executive Dave, and I came…

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What is the register of overseas entities?

On 1 August 2022, the UK’s new Register of Overseas Entities (the “ROE”) came into effect under the Economic Crime (Transparency and Enforcement) Act 2022. The purpose of the ROE, a public register maintained by Companies House, is to record the beneficial ownership of “overseas entities” holding UK land. To…

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Companies House offices to remain closed post-pandemic

Companies House has announced that its London office and counter services in Belfast, Edinburgh and Cardiff will not be re-opening, after the sites were closed in 2020 in response to the pandemic.  Companies House has instead urged customers to continue submitting their documents online and use its “enhanced” digital offering. …

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