Micro-Entities

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August 31, 2024 4 min read Definitions
Accounting Directive: Simplified Disclosure Requirements for Small Companies
Finance Law EU Directive Accounting Small Companies Disclosure Requirements Micro-Entities
The EU Accounting Directive (2014) aims to simplify the disclosure requirements for small companies through the introduction of abridged accounts, with special rules for micro-entities. Incorporated into UK law in 2015, applicable to financial periods starting on or after 1 January 2016.
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August 31, 2024 4 min read Definitions
Micro-entities regime: Simplified Reporting Framework for Small Entities
Finance Accounting Micro-Entities Financial Reporting Small Businesses Simplified Framework Business Compliance
The Micro-entities regime offers a simplified reporting framework tailored specifically for very small entities, easing their administrative burden.
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