Other Things To Do when Renaming your Company

People to tell: 

Your customers
Your employees
 Your suppliers
Your bank
HMRC (the tax man)
Professional bodies/trade associations

 Other things to do:

maximise the marketing opportunity
change your business stationery
obtain a new domain name and relaunch your website.
update all your advertisements

Change of Company Name by Written Resolution

The other method of changing the name of a limited company is by written resolution.
This is a resolution passed unanimously by the members (shareholders) of a company.  All the members are then required to sign and date the document.
A Change of Name by Written Resolution form (NC20) is also available for download at the Companies House [...]

Change of Company Name by Special Resolution

There are two ways of changing the name of a limited company, the first of these is by Special Resolution.
This is a resolution that must be passed at a general meeting of the company with a majority of 75%.  An ordinary resolution only requres a 51% majority.
A Change of Name by Special Resolution form (NC19) [...]

Renaming Your Company

It’s always best to chose a good name for your business at the outset , but in case you hadn’t, it is possible to change the name of a limited company after it’s registered.
You must first check to make sure that the new name you have chosen is available.  This can be done online using Comapnies House [...]

Following the Trail of Journals

In doing a journal, it is important that it is cross referenced properly so that later, if you or your accountant needs to, you can follow the original “logic” for having done the journal.  Accountants refer to this as being able to follow the audit trail.  This applies whether or not you actually have your [...]

Appropriate Bookkeeping

It’s important to remember that, over and above meeting legal requirements, day-to-day accounts are there to serve the business and not the other way round.
It is not always appropriate to keep full double-entry accounting records.  Indeed, for many businesses, it would be a mistake that would be costly in time and effort for very little return.  [...]

Change in Company Car Fuel Rates

From 1 August 2007, HMRC are changing the fuel rate for company cars (which is the fuel element of the mileage rate).  Unfortunately, the mileage rates themselves are not changing.

Special VAT Schemes

Retail Schemes
These, as you can imagine, are for use in connection with retail supplies.  Most VAT registered businesses take their output VAT from their sales invoices, but for retailers this is not practical due to the large number of sales made directly to the public.  The retail schemes provide a way for businesses to determine their [...]

Registering for VAT and Keeping VAT records

You must register for VAT with HMRC.  This can be done using a paper form or online.  Once registered, you generally have to keep reocrds of:

the VAT you charge on your sales (output VAT)
the VAT you have paid on your purchases (input VAT)
the total amount of sales excluding VAT
the total amount of purchases excluding VAT

However, [...]

Why Register for VAT?

If your turnover is above the VAT threshold, you must register.
If most of your customers are VAT registered, you may wish to consider registering, even if you are below the threshold, so that you can reclaim your input VAT (the VAT on your purchases).
It can give the impression of a bigger or more established business.

Click [...]

How does VAT work?

VAT is a tax on consumer spending.  Under the system, every VAT registered business is effectively a tax collector.
Most transactions are standard rated (currently at 17.5% in the UK at the time of writing).  However, transactions could also be zero-rated, exempt or outside the scope of VAT.
A VAT registered business has to pay (to HMRC) [...]

Using Excel for Accounts and Bookkeeping

The great thing about MS Excel (and others say it’s greatest downfall) is that it is so adaptable and because it normally comes bundled with the PC you bought for your business, it’s cheaper than buying accounting software.
For start ups and possibly for the sole trader or small limited company, it’s a very easy way of keeping track of [...]