Companies act

The enterprise bill received royal assent on 4 May 2016, becoming the enterprise act. The act aims to deliver a range of measures to help support businesses.

As of 6 April 2016, all companies and limited liability partnerships must now keep a register of persons with significant control.

Corporation tax represents a substantial part of your trading costs.

It is thought that the government may look at removing, if only temporarily, the autumn pre-Budget Report.

The last thing you need as a busy business owner is to use up valuable time and resources making sure you are complying with the Companies Act.

Most people who start up in business do so because they have a good business proposition and the enterprise and commitment to see it through.

A more in depth look at the Act

Companies are automatically fined if accounts are not submitted on time. Accounts should normally be filed for a private company nine months after the company's accounting reference date.

Auditors are appointed by the members and are accountable to them. As a result it is important that auditors are given the information they consider relevant to the fulfilment of their duty to members.