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What is a dormant company?

Published in Business finance on May 29, 2022 by Henry Catchpole

Your company may be considered dormant if it is not currently carrying out any business and it does not have any other sources of income, including investment income. This article explains what to do and what to avoid doing in…

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Tags: accounting, accounts, company types, dormant companies

How to make your trading company dormant

Published in Business finance on January 15, 2021 by Johnathan Korchak

Some companies are dormant from when they’re first formed. A lot of companies, however, will actively carry out a business for a while but then cease trading – at least for a period. These trading companies may be eligible to…

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Tags: accounts, company types, dormant companies

What does a business invoice template need to include?

Published in Business finance on February 4, 2019 by Johnathan Korchak

An invoice is an important document for most businesses. You will only be paid once your business produces a suitable invoice for a customer. By preparing and issuing a business invoice promptly, you give yourself the best chance…

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Tags: business management, invoices, stationery

Do I need a business bank account?

Published in Company formation, Business finance on November 20, 2018 by Ben Robinson

Not all businesses are required to have a business bank account. Many business that are not legally required to have a business account still decide to operate with one as they do offer many benefits.…

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Tags: bank account, company formations, limited company, sole trader

How to register for VAT

Published in Business finance on October 6, 2016 by Johnathan Korchak

Some business owners will always feel more comfortable appointing an agent to register for VAT (as well as then submitting VAT returns and dealing with HMRC on their behalf). But there’s no requirement to appoint an agent and…

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Tags: business finance, HMRC, tax, VAT

What is a company’s UTR (unique taxpayer reference)?

Published in Business finance on October 23, 2015 by Johnathan Korchak

A company’s unique taxpayer reference is a 10 digit number issued to all new limited companies. This code is often abbreviated to UTR and is otherwise known as a corporation tax reference or just tax reference. It is used by…

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Tags: accounting, company records, HMRC, incorporation

2025 Review
of UK Company Formations

Read our comprehensive review of UK company formations in 2024, year-on-year growth rates and breakdown by county. This detailed insight is provided in the form of easy to understand infographics available for sharing through social media and on your own website

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