Are you a "micro business"? If so Accounting Web wants to hear from you. The government defines micro businesses as meeting two out of three of this criteria: balance sheet total of £316,000, a net turnover of £632,000 and an average number of employees in a financial year of 10 or fewer. Under new legislation to cut red tape, the smallest UK businesses will now be able to produce an abridged balance sheet and profit and loss account and can choose not to file an annual account with Companies House. if you're a micro business do you think the exemption from some financial reporting rules will make a significant difference to your business -- saving you time and money preparing accounts? Will the new measures mean less business for tax advisers?
12th Sep 2013
Reducing financial reporting requirements for 'micro businesses' - good idea?
Reducing financial reporting requirements for ...
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