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Getting Started

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• Things to know

Things to Know

Not wishing to scare you off but here are just a few things to be aware of:

• Ignorance is no defence to HMRC or Companies House - so do not assume that just because you did not know you had to do something HMRC / Companies House will let you off.
• Fines and Penalties are very high and in fact increased in 2009. For example for a limited company filing it's accounts late by 1 to 3 months at Companies House will incur a fine of £375 and this rises to £750 if within 6 months or £1500 if over 6 months late.
• Consider insurance against tax investigations or inspections. For example the FSB include this in their membership fee.
• Don't bury your head in the sand about your accounts. They will not go away and your problems will just get worse. Tackle them now.

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