Ema Watson

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Difference Between Micro Entity Accounts and Full Company Accounts: My Journey as a Small Business Owner | #microentityaccounts #business #finance

Difference Between Micro Entity Accounts and Full Company Accounts: My Journey as a Small Business Owner

Like many entrepreneurs, I was quickly introduced to the confusing world of Companies House, HMRC, and words I had never heard before: micro entity accounts, FRS 105, corporation tax, and full company accounts.

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https://microentityaccounts.co.uk/
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With the new threshold of £1M turnover, £500,000 balance sheet total, and 10 employees or fewer, filing micro entity accounts has become accessible to more businesses than ever. This is an opportunity for small companies to simplify their compliance while saving both time and money.

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Difference Between Micro Entity Accounts and Full Company Accounts: My Journey as a Small Business Owner

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