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Micro Entity Accounts
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About

If you run a small business, you don’t need to drown in paperwork or pay for accounting services designed for corporations. The difference between micro entity accounts and full company accounts is clear:

Micro entity accounts are simpler, cheaper, and more reliable for small businesses.

Full accounts are only necessary if your business is larger and crosses the thresholds.

The new limits — £1M turnover, £500,000 balance sheet, and 10 employees or fewer — mean that more companies than ever can benefit.