The penalties for the late filing of annual company accounts rose as of 1 February 2009.

The Companies Act 2006 provides that all companies must deliver annual accounts to the Registrar of Companies by the due date and that a late filing penalty will be payable if the accounts are delivered late. These penalties were originally introduced in 1992 to encourage directors of limited companies to file their accounts on time as this statutory information is required for the public record.

The February 2009 changes include an increase in penalties generally, a faster rate of increase in the level of the penalty for companies filing more than one month late and a doubling of the penalty for anyone filing late two years in a row. Penalties now run to:

• £150 for filing up to a month late;
• £375 for 1-3 months;
• £750 for 3-6 months and
• £1500 for more than 6 months late.

Flat management and dormant companies should note that these penalties apply to them as well as trading companies.

It is vital that you make sure you allow enough time for your accounts to be filed within the period stated in the Companies Act, so ensure your records are given to your bookkeeper or accountant to prepare in plenty of time, bearing in mind their busy periods. You should also be aware that penalties will not be waived for papers that are delayed in the post, so allow ample time and do not leave it until the last minute to send your paperwork off.

Lynn Watson is the Director of Office Assistants, a company certified by the Institute of Certified Bookkeepers. They offer small to medium businesses of all types the chance to cherry pick from a flexible range of services including bookkeeping; VAT; Payroll; CIS returns and general office services. The company has 20 years experience and pure expertise in streamlining systems and making substantial savings for all types of Essex and London businesses from sole traders upwards. For more information visit www.officeassistants.org.uk

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Outsourcing primarily means the handing over of some part of a business to a third party. In this arrangement, it is the third party which handles the day-to-day working of the process in question. The recent trends in business have positively favored the business of outsourcing. Companies have outsourced their major processes to BPO’s or Business Processing Outsourcing, to decrease their area of immediate concern, so that they can divert all their attention to core issues. Accounting outsourcing is one such form of outsourcing.

Accounting is an important and strategic move because accounting is the backbone of any business. Therefore, there are many things that are to be kept in mind while accounting outsourcing. The most important thing here is to find out why is it necessary to outsource the accounting of a company. It costs are to be cut or productivity increased, then it has to be evaluated of such a step is necessary. The entire board of directors in the case of a big company and all the partners in the case of a small concerned should be convinced this step is necessary. The next thing is to fully discover the actual credential of the supplier in question. It has to be confirmed that the supplier is in a condition to deliver the kind of service that it has offered. The contract that is to be drawn in the case of accounting outsourcing has to be thoroughly evaluated. It will be detrimental if the contract is poorly made. The contract must include the Service Level Agreement because it ensures that the company enjoys an optimum level of quality of work from the supplier. The last thing that has to be kept in mind is that the company has to send the best of it employees to the supplier when setting up the business.

Accounting outsourcing can be processed in many ways. It is primarily undertaken by BPO’s situated at various offshore locations. Another way of accounting outsourcing process is available online. There are various companies that handle accounting online and this means that there is no need to physically shift the process to another place. The accounting companies can log into the accounts of the party concerned, do the work required and then can log out. All this is done using a secure path. Independent chartered accountants can do the accounting work of companies. They can be hired on a freelance basis for a fixed period of time.

Accounting outsourcing has a lot of benefits. It reduces the cost of maintaining an accounting department within the concern itself. Because most business is outsourced to the third world, it means that one can avail skilled labor at low cost, which ensures that capital can be utilized elsewhere too. It means that the company can be assured that at least their accounting business will be taken care of in time. However, it should always be kept in mind that accounting is a delicate business so its outsourcing has to be considered thoughtfully.

Accounting outsourcing firms also avail the services of search engine optimization. You can easily firm SEO New York firm that caters to your company’s needs in affordable range.

Alvis Brazma gives advice to business owners about how to manage their business efficiently without any hassles. To know more about Accounting firm USA, Accounting outsourcing, retail accounting, accounting outsourcing services, small business accounting and accounting help visit www.impacctusa.com

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If you are getting into bodybuilding then you need to understand that what you eat is just as important as what you exercise. In other words, you can lift as many weights as you like but if your muscles are not getting the fuel they need to grow, you are wasting a great deal of effort.

<Strong>Protein is a <em>MUST</em> for Bodybuilders</strong>

With just a little research into an effective bodybuilding diet you will quickly discover that enough protein is one of the most (some say <em>the</em> most) important parts of your nutritional intake. In short, protein is the building block of lean muscle – a lack of protein means your muscle building potential is much lower. Visit now – Picmoney.com

There are many opinions on how much protein your body needs each day and it may depend on your bodybuilding goals. Typically you might consider taking around 1 gram of protein per pound of your body weight each day.

<Strong>Check the Food’s Nutritional Info <em>before</em> you Buy</strong>

There are plenty of foods in your local supermarket or grocery store that contain a useful amount of protein. Today’s regulations that ensure food product manufacturers display the nutritional content of their product make choosing your groceries a breeze. However, before you go running off to buy every high protein food you can find, a certain amount of care must be taken. Take the time to read through the food’s nutritional information table <em>in its entirety</em>. Not only are you looking out for the protein content but you also need to consider fat content, sugar content, carbohydrates, and so on. If your goal is to grow lean muscle then it is a good idea to avoid too many products high in simple sugars, calories and refined carbohydrates.

<Strong>Recommended <em>Quality Protein Sources</em> for your Shopping List</strong>

You are now ready to hit the supermarket in search of <em>quality protein</em> food sources. These are foods that are high in protein but not so high in other elements that will hinder your lean muscle targets (i.e. calories, carbs, etc.):

<Strong>MEATS :< /strong> If you enjoy eating meat then generally 3 meats are recommended. The favorite is chicken (the numbers of recipes you can find on bodybuilding forums show this). Chicken is very lean and cheap. Similarly, turkey is actually slightly leaner then chicken and has higher protein percentage. <em>Lean</em> beef (look for cuts that are really red without any visible fat when possible) is another great source of protein.

<Strong>SOY :< /strong> the vegetarians amongst you will no doubt be aware of the protein content of soy products. Soy beans are pulses and so they contain a good helping of protein. Soy beans are used to make soy milk, tofu and many meat substitutes, many of which taste like the real thing. This not only helps vegetarian bodybuilders but also people with a lower tolerance for dairy products.

<Strong>MILK/DAIRY :< /strong> ‘Skimmed’ or ‘fat free’ milk is another good source of quality protein and can be consumed as it is (think homemade shakes or in your breakfast cereal) or in so many dairy foods. You need to take care with which dairy products you choose but there are always options for the dieting conscious. You can eat fat free versions of your favorite yogurts, ice-creams (watch out for other ingredients), cheeses (cottage cheese is always highly recommended), and more.

<Strong>EGGS :< /strong> Raw or cooked, eggs are another staple in a lot of bodybuilder’s diets. Many people will avoid the yolk of the egg and simply eat the white, discarding some quality protein. It’s true that the yolk of an egg contains most of the calories but it also contains most of the eggs nutrients as well as some protein. Why not save a few of the yolks!

<Strong>FISH :< /strong> Fish is an important source of protein and many bodybuilders live off cans of tuna. In fact I knew one guy who would mix in a can of tuna with his cereal every morning – not really my idea of a tasty start to the day.

<Strong>AND MORE… :< /strong> There are plenty of other foods high in protein such as nuts (good for vegetarians) pulses (another good source for vegetarians), cereals, and so on. Take some time to research other foods on the internet – there is a massive amount of information on websites, forums, newsletters, and so on.

Is Protein All I Need to Focus On?

No. Protein, although a vital part of a bodybuilder’s diet, is not the be all and end all. Bodybuilders also need the energy to physically perform their exercises and this comes mostly from carbohydrates, or more specifically, complex carbohydrates. This is a subject of another article so watch this space. You need both a higher protein intake to ‘rebuild’ your muscle and the appropriate complex carbohydrates to fuel your workouts.

Build a high quality protein source shopping list then hit the grocery store

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