Accountancy Seminar
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Transcript of Accountancy Seminar
Agenda
• Introduction
• iXBRL accounts and free accounts data
• E-Products & Services
Paper filings at Companies House
2009/10
182 tonnes
2013/14
117 tonnes
Down 36%
2013/14
Register 3.25m
Incorporations 533,000
98%
98%
78%
60%
50%
iXBRL for Companies House
How may paper accounts are left?????
Only 28% of these were paper (March)
69% of all paper accounts filed in March
644k paper compared to 1.4 million electronic 2013-14
Small company unaudited abbreviated and dormant
accounts:
• 86% of all accounts filed during 2013-14
• Dormant 434k
• Small abbrev 1,581k
• Total accounts 2,348k
iXBRL Format – Readable and Data
Accs Prep File iXBRL Public Record
Transform Transmit &
Transform
XBRL Data
iXBRL Accounts 2 Routes to the Register
iXBRL Accounts – WHAT can you file?
WebFiling Templates:
(fixed format and manual data input)
• Dormant never traded
• Abbreviated unaudited for micros and small companies
• Full unaudited via HMRC/CH joint filing
iXBRL Accounts – WHAT can you file?
Software Filing:
(free format and automatic production) :
• Dormant never traded
• Abbreviated unaudited for micros and small companies
• Full unaudited micros and small companies
• Full audited
• Dormant previously traded
• Group
WebFiling Templates:
(fixed format and manual data input)
• Dormant never traded
• Abbreviated unaudited for micros and small companies
• Full unaudited via HMRC/CH joint filing
iXBRL Accounts filing – WHY?
BETTER FOR YOU:
Cost savings:
- No more covering letters or postage costs
Lower overheads:
- Immediate acknowledgment of receipt
- Automatic confirmation of acceptance/ rejection
iXBRL Accounts filing – WHY?
BETTER FOR CLIENTS:
Faster, secure delivery
Lower risk of penalties
Transparency - Accounts data e.g. credit reference agencies
Preferred by professional accountancy bodies and BIPA
BETTER FOR YOU:
Cost savings:
- No more covering letters or postage costs
Lower overheads:
- Immediate acknowledgment of receipt
- Automatic confirmation of acceptance/ rejection
iXBRL Accounts filing – WHY?
BETTER FOR CLIENTS:
Faster, secure delivery
Less risk of penalties
New - Accounts data for credit reference agencies
Preferred by professional accountancy bodies
Better for you:
Cost savings:
- No more covering letters or postage costs
Lower overheads:
- Immediate acknowledgment of receipt
- Automatic confirmation of acceptance/ rejection 2/3 of all accounts are now
iXBRL
iXBRL Accounts Software Filing – HOW?
Step 1
Step 2
Step 3
Obtaining Presenter ID for Software Filing
Mobile App
• Launched in September 2012 – over 100,000 downloads• Access to company details for over 3 million companies• Available to download from the Apple App Store and Google
Play• Free to download and provides only free information – no
hidden costs• Allows you to check company information ‘on the go’• Stats and our latest Tweets can also be viewed on the App• Feedback welcome
Mobile App – Company Information
Mobile App – Company Information
Mobile App – Favourites
Join eReminders:
eReminders is FREE
You can activate up to 4 email addresses per company
Avoid the inconvenience and expense of failing to file your documents on time
Would you like us to email you when the company accounts and annual
returns are due?
PROOF (PROtected Online Filing)is FREE and offers protection for your company (or
LLP) from fraudsters and corporate identity theft.
PROOF helps prevent...attempts to change your registered office address or directors of your company without your knowledge.
PROOF ensures...changes to your company record are only made online and paper filings are rejected. Approx 50-100 cases of corporate identity fraud per month.
ACCOUNTS ARE NOT INCLUDED IN PROOF
Fraudsters come in all shapes and sizesWe have PROOF
Monitor
• FREE Service available in CHD & WebCHeck
• Part of the 3 point plan to prevent corporate identity fraud
• Alert service for documents filed by ANY company
The Companies House Service
• Transforms our electronic services, with modern technology and a new web service.
• Better and simpler for customers, making it easier to view and update company information.
Companies House Service
Thank you for listening!
Any Feedback?
Contact us
Telephone: 0303 1234 500
email: [email protected]
RSS feeds: www.companieshouse.gov.uk
Follow us: Facebook
Companies House You Tube Channel
