What Are Micro Entity Accounts in the UK (2025-26)? | Complete Guide by MTA скачать в хорошем качестве

What Are Micro Entity Accounts in the UK (2025-26)? | Complete Guide by MTA

Running a small limited company in the UK? You might qualify to file Micro Entity Accounts — a simpler, quicker, and cheaper way to meet your Companies House and HMRC obligations. In this detailed video, MTA (My Tax Accountant) explains what micro entity accounts are, who can file them, what information they include, and the key rules you must follow for the 2025-26 financial year. This video is designed for small business owners, limited company directors, and accountants who want to understand the benefits and responsibilities of micro entity reporting under UK law. In this video, you’ll learn: • What Micro Entity Accounts are and how they differ from small or full statutory accounts. • The qualifying criteria for micro entity status in 2025-26, including turnover, balance sheet total, and employee limits. • How to check if your company qualifies — for example, if you have:  - A turnover of £632,000 or less  - A balance sheet total of £316,000 or less  - 10 employees or fewer • What information micro entity accounts must contain — such as a balance sheet and notes, but no detailed profit and loss statement. • How micro entities can file simplified financial statements with Companies House while meeting all legal requirements. • The benefits of micro entity status — including reduced administrative burden, lower accounting costs, and quicker filing. • The drawbacks and potential risks, such as limited financial transparency and the perception of reduced credibility to lenders or investors. • The difference between Micro Entity Accounts, Dormant Accounts, and Small Company Accounts. • How to prepare micro entity accounts using accounting software or through a professional accountant. • What FRS 105 (Financial Reporting Standard) means for micro entities and how it simplifies accounting rules. • How HMRC and Companies House coordinate filings for small businesses and what forms you must submit. • The filing deadlines for micro entities — typically within nine months of the company’s financial year-end. • What penalties apply if you miss the filing deadline or submit incorrect information. • How tax liabilities are still calculated even with simplified accounts. • The changes to accounting rules for 2025-26, including any updates to Companies House reform and digital filing requirements. • Why certain businesses — like financial institutions or public companies — are excluded from micro entity qualification. • What information appears publicly on Companies House when you file micro entity accounts. • How micro entities can still apply for loans and credit, despite minimal disclosures. • How MTA (My Tax Accountant) can help you prepare, file, and optimise your micro entity accounts accurately, ensuring full HMRC and Companies House compliance. • The importance of understanding micro entity tax and accounting implications for long-term financial planning. If you’re a small company director in the UK, knowing whether you qualify as a micro entity can save you time, money, and unnecessary complexity. This video will help you understand all you need to know to file correctly and confidently in 2025-26. For expert help in preparing and submitting your company’s accounts, contact MTA (My Tax Accountant) — your trusted accounting partner in the UK. 📞 Contact MTA (My Tax Accountant) WhatsApp / Phone: 07854 255375 📧 Email: [email protected] Disclaimer: This video and description are provided for informational purposes only and do not constitute financial or legal advice. Accounting and tax rules may change, and individual circumstances vary. Always seek professional guidance before making decisions. Neither MTA (My Tax Accountant) nor the video creator accepts any liability for loss, error, or actions taken based on this information. Hashtags #MicroEntityAccounts #CompaniesHouseUK #UKTax2025 #SmallBusinessUK #FRS105 #MyTaxAccountant #MTA #HMRC2025 #LimitedCompanyUK #TaxFilingUK #BusinessAccountingUK #UKFinance2025