Importing Limited Companies on to Companies Made Simple

Importing companies on to our system is simple

Our Company Formation system allows you to import companies on to it that weren’t formed by us, for free.

Why would I do that?

This allows you, from one login, to carry out multiple admin tasks for limited companies, such as:

  • Change the registered office
  • Add shares
  • Download share certificates
  • Appoint / resign / edit officers
  • File annual returns (for £13 – the same fee that Companies House charge)
  • Keep track of annual return and annual account due dates

How do I import a company?

  1. Login to Companies Made Simple
  2. Select ‘Import Company’
  3. Enter the company number and authentication code, then select “Import Company”

How do I transfer a company from one account to another?

Our system does not allow more than one account to hold a company. If you do try and import a company that is already on our system, you will receive this message:

But what if I don’t know the account holder?

No problem. Simply send an email to the above email address (subject: “company transfer request”) with the below information:

  • Your name
  • Your account email address
  • A brief explanation of what you want us to do
  • The webfiling authentication code for the company that you wish to have under your account

We’ll then take care of the rest.

Do you have any questions regarding any of these processes? Leave a comment and we’ll be in touch.

This post was by Mathew Aitken at MadeSimpleFind Mathew on Google+

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Posted in Accountant, Company Formation for Professionals | Leave a comment

Company Formation for Professionals: How do I pay with credit?

How do I pay for company formations using my credit?

If you are signed up to our Company Formation for Professionals service, for every ten companies you form via our professional packages (Starter, Executive and Professional), we’ll add £20 credit to your account. This can then be used up against any of our services.

Here’s how to pay for a
Companies Made Simple service using this credit:

  1. Log in to your account
  2. Proceed to the “Checkout”
  3. Select the “On Account” box and then proceed as per usual

Here’s a quick demo:

If you’re interested in signing up for our free Company Formation for Professionals service, designed for customers who form multiple companies on behalf of other people, see here:

Company Formation for Professionals

If you are already signed up as a Companies Made Simple customer and would like to switch your account to our professional service, simply email cosec@madesimplegroup.com and our team will be happy to make the change.

This post was by Mathew Aitken at MadeSimpleFind Mathew on Google+

Posted in Company Formation for Professionals | Leave a comment

How do I download my Share Certificate?

All of our company formation packages come with digital share certificates for each shareholder in the company.

What is a Share Certificate?

The share certificate is a company document that outlines individual shareholder information including:

  • The shareholder’s name
  • The shareholder’s address (the one provided to Companies House – not necessarily residential)
  • The class of shares held
  • The number of shares held

Continue reading

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The Company Formation Process: 8 reasons why your Final Summary page is so important

Here’s why the Final Summary page is so important.

The Final Summary page is the last step before your company formation application is sent to Companies House. The purpose of the page is to give you the opportunity to review – and change if necessary – the information that you have provided. The summary page is broken up into eight sections, hence 8 reasons why your Final Summary page is so important:

Company

Is your company name spelt correctly? Are you sure it’s the name you want?. Select “change” if you spot a mistake or have a last minute change of heart.

Registered Office

You know this address is on the public register, right? Therefore if you’re using your residential address, ask yourself one final time “Am I happy for this address to be made public?”. Oh, and check that the spelling is correct (that’s the last time we’ll mention “check the spelling!”). Continue reading

Posted in Company Director, Company Formation - Companies Made Simple, Company Name, Company Name Change, Company Register, Company Registration | 1 Comment

The Winner of our Startup Advice Prize Draw is…

Thank you to everyone who entered our Facebook prize draw and shared The winner of our Startup advicetheir Startup advice with us.

…And the Winner is…
…Lucy Lock and her Startup Jerk N Juice. Jerk N Juice  are a mobile and pop up catering company serving Jamaican food with an English twist.

Check out their Facebook Page here.

Lucy has chosen Business Training Made Simple’s Digital Content course to attend in August.

Some of our favourite pieces of advice
We loved all the advice that everyone shared and here are some of our favourites…

Design your business with customer interaction in mind and have fun along the way!’

‘Start small and build to delight and not to scale’

‘Don’t try and do it all yourself – outsource some of your tasks & free up more time for you to concentrate on growing and running your business.’

‘Hire the best staff you can possibly afford. It will help you be THE BEST, which should always be your goal’

Think about your personal values and ethics, embed that ethos in to your business plan and make it part of your USP.’

‘Look at every difficulty as a fun challenge, a new step to be overcome to climb up the learning curve.’

‘Be human – target the individual not just the general market. Find your niche’

‘It’s all about the team; Belief, Trust, Respect, Strengths.’

If you would like to improve your brand’s online presence take a look at our other Digital Marketing training courses.

If you have any queries regarding the courses please give us a call on 02076085525

 

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Getting your Company Formation information right, first time

Getting your Company Formation right first time round is as easy as…

Incorporation of a limited company through our systems is, as our name suggests, a simple process. However, this simplicity can lead to points being overlooked that can have a negative impact on your company. This can lead to unnecessary stress and focus being diverted away from the more important matters of running your business. The following is a run through of potential ‘pitfall’ areas:

Registered office address

• Note that the registered office address is visible to the public on the Companies House systems, so if you’re using your residential address please be wary of this. We do offer a registered office address service in our privacy, comprehensive and ultimate packages and as a stand alone service. Continue reading

Posted in Company Director, Company Formation - Companies Made Simple | Leave a comment

What is a P11D and why do I complete it?

When and why do you need to complete the P11D document?

A P11D is a form that is completed at the end of the Tax year to record expenses and benefits that have been provided to your employees (or to you as a director). You must complete the P11D form for each employee that has received expenses and/or benefits during the tax year. In addition, you must also complete another form – a P11D(b) – to declare the overall amount of class 1 NICs (national insurance contributions) owed for all expenses and benefits paid.

These forms must be submitted to HMRC by July 6th so if you haven’t completed yours yet, you can complete the forms electronically here or, alternatively, you can manually complete and post the forms to HMRC. Your payment of the class 1 NICs owed to HMRC is due by 22nd July or 19th July if you are sending payment by cheque.

Top tip: don’t get confused with a P9D form – these are only to be completed when the employee’s earnings are below £8500 a year.

For further guidance on completing these forms, we recommend speaking with your accountant or a financial advisor. You can also find more information on HMRC’s website.

This post was by Laura Gilmour at MadeSimpleFind Laura on Google+

Posted in HMRC, Tax | Leave a comment

New Company Formation Rejection Reason: Undischarged Bankrupts

There’s now another reason why company formation requests can be rejected.

On 8th June 2014, Companies House introduced a new system that will see company formations being rejected if the company includes a director who is an “Undischarged Bankrupt” – meaning that they’re going through the bankruptcy process. This is because undischarged bankrupts can not act as limited company directors.

Now, Companies House will reject the formation request and provide the following rejection notice:

‘Officer maybe subject to bankruptcy restrictions’,
‘It appears from our records that is subject to personal insolvency restrictions and appears on the Individual Insolvency Register http://www.insolvencydirect.bis.gov.uk/eiir/. If you believe this to be incorrect, please contact Companies House.

If you are using Companies Made Simple to form your limited company, and your company formation is rejected, we shall bring the above note to your attention via the “Request History” section of your company admin page.

Remember, you can resubmit rejected company formation applications as many times as necessary for no extra charge. If you have any questions about this new rejection notice, or anything else to do with company formations, please leave a comment and we’ll be in touch.

This post was by Mathew Aitken at MadeSimpleFind Mathew on Google+

Posted in Companies House, Company Director, Company Formation - Companies Made Simple | Leave a comment

How do I pay myself if I’m a limited company director?

If I’m a director – how do I pay myself?

Being the director of a limited company comes with many rewards, one of which is being in charge of your salary. But how exactly do you take money out of your own company? There are a couple of ways to do this:

1. PAYE (Pay as you earn) in real time

Also referred to as Real Time Information (RTI), PAYE is a scheme run by HMRC to collect National Insurance Contributions (NICs) and Income Tax for all employees of a limited company, including the directors. To pay yourself and any other employees a salary, bonuses or expenses, you will need to be registered. As the director, you will be registered as both the employer and employee.

Each time you wish to pay yourself a portion of your yearly salary, whether it’s monthly or weekly, you must send a PAYE return to HMRC detailing the total pay, tax and deductions. The NICs you pay will depend on your tax code and, as an employer, you will also pay employer’s Class 1 NICs. Continue reading

Posted in Company Director, Limited Company | 2 Comments

7 things your business can learn from the World Cup

What can your business learn from the World Cup?

Just in case you didn’t know, the 20th FIFA World Cup kicks off in Brazil on Thursday. “What’s that got to do with business?” you may ask. Well dribbling past the fact that football is big business – we think that some important business lessons can be learnt from the actual football pitch. So here are our 7 things your business can learn from the World Cup:

Don’t underestimate truly exceptional talent. Just ask the Argentinians about El Diego.

Football - Maradona is possibly the greatest player that the beautiful game has ever produced and in Mexico ‘86, where Argentina won the World Cup, he was at the peak of his powers. His incredible talent was particularly evident against England in the quarter finals when he scored ‘the goal of the century’.

Business - Don’t underestimate how far a brilliant individual can take you. Always be on the hunt for exceptional talent… this can take you a very long way. Continue reading

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