Question 1

Who qualifies as a micro-entity?

Accepted Answer

Your UK limited company qualifies if it meets two of three thresholds: turnover under £1M, balance sheet under £500k, and 10 or fewer employees.

Question 2

How fast can you file my accounts?

Accepted Answer

Most micro-entity accounts are filed within 7 working days of receiving your records.

Question 3

Do you handle Corporation Tax?

Accepted Answer

Yes — CT600 preparation and HMRC submission is included in our Corporation Tax filing service and in the full micro-entity package.

Question 4

Are you MTD-ready?

Accepted Answer

Yes. We file VAT returns under Making Tax Digital and are ready for MTD for Income Tax from April 2026.

Question 5

Can you do my payroll?

Accepted Answer

Yes — RTI payroll from £15 per employee per month, including auto-enrolment, payslips, P60s and year-end returns.

Question 6

Which bookkeeping software do you support?

Accepted Answer

Xero, QuickBooks and FreeAgent. We can migrate you from a spreadsheet if needed.

Question 7

Is my company dormant?

Accepted Answer

If you have had no significant accounting transactions during the year, your company is dormant. You still have to file dormant accounts annually.

Question 8

What if I missed a filing deadline?

Accepted Answer

We can still help — late filings attract automatic penalties from Companies House, but we will minimise additional costs and file quickly.

Question 9

Are you ICAEW Chartered Accountants?

Accepted Answer

Yes. SmartFiling is the trading brand of Ballards Newman (Finchley) Limited, an ICAEW-regulated, London-based UK Chartered Accountants practice with over 20 years of UK tax and compliance experience.

Question 10

Do I need a phone call to get started?

Accepted Answer

No. Fill the Get a Quote form and we will reply within a working day with a fixed price.

Micro Entity Companies

Common challenges

What's included

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