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Micro-Accounts For Guildford Micro-businesses

22nd September 2016

Companies whose turnover is below £632k, gross assets of £316k and less than 10 employees, can now instead file Microaccounts at companies house. This is for accounting periods beginning 1st January 2016. This benefits smaller businesses in the Guildford area, as the microaccounts are more simpler than accounts they have had to provide previously. As bookkeepers of many affected businesses, we point this out where the accountant has failed to notice this available simplification.