Register of People with Significant Control
From 6 April 2016 broadly all companies (except certain listed companies) are required to keep a register of people with significant control (PSC register) and, from 30 June 2016, file …
read moreSocial Enterprise Entity Structures
A social enterprise entity is a business with primarily social objectives. Any surpluses made are reinvested into the main principle of that entity (or into the community) rather than maximising …
read moreMoney Laundering – High Value Dealers
The Money Laundering Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the Regulations) apply to a number of different businesses which include (amongst others) accountants and auditors, …
read moreHealth and Safety Checklist
If not already in place, the following are practical steps you should take today:
UNDERTAKEN BY: ______________________________ DATE: ____/____/____
Yes
No
1. Is an …
read moreFixed Rate Expenses
We consider an optional system of fixed rate expenses which is available for some businesses.
The rules allow the use of a ‘simplified’ fixed rate deduction instead of actual costs …
Credit Control
Obtaining new customers is great for business, unless they fail to pay you. If you fail to check that the customer can support the amount of credit you are granting, …
read moreConstruction Industry Scheme
The Construction Industry Scheme (CIS) sets out special rules for tax and national insurance (NI) for those working in the construction industry. Businesses in the construction industry are known as …
read moreBribery Act
The Bribery Act 2010 (the Act) applies across the UK and all businesses need to be aware of its requirements which came into effect on 1 July 2011.
The Act …
Fraud and How to Spot It
Major corporate frauds and collapses hit the headlines from time to time and many of these were high profile and the amounts involved quite spectacular.
With the current pressures we …
Company Secretarial Duties
Company legislation provides an opportunity for a business organisation to benefit from the protection of limited liability, separating the legal persona of the organisation from the individuals who own and …
read moreDirectors Responsibilities
The position of director brings both rewards and responsibilities upon an individual.
Whether you are appointed to the Board of the company you work for or you are involved in …
Insuring Your Business
When starting a new business, you will no doubt recognise the need for insurance. It can provide compensation and peace of mind should things go wrong but can also represent …
read moreRaising Finance
Who needs finance?
Every business from its commencement and through its development and growth will need finance.
But what type of finance is best suited to the development of your …
Data Security – Data Protection Act
Many businesses are totally reliant on the data stored on their PCs, laptops, networks, mobile devices and in the cloud. Some of this data is likely to contain either personal …
read moreValuing Your Business
There are many reasons why you may need to calculate the value of your business. Here we consider the range of methods available as well as some of the factors …
read moreIncorporation
The issue of whether to run your business as a company or a sole trader or partnership is an important one. In this factsheet, we summarise the potential tax savings …
read morePreparing for your Accountant
Whether we are producing your accounts or carrying out your annual audit, being prepared for us will ensure our work is carried out smoothly and efficiently and with the minimum …
read moreSecuring Business Success
As many as half of all businesses fail in their first three years of trading. A contributor to ensuring business success and avoiding failure is to know your enemies.
Generally …
Money Laundering and the Proceeds of Crime
There are tough rules to crack down on money laundering and the proceeds of crime. These rules affect a wide range of people and we consider how your organisation may …
read moreLimited Liability Partnerships
Most important features of LLPs
The key advantage of a LLP compared with a traditional partnership is that the members of the LLP (it is very important that they should …
Franchising
Franchising is becoming increasingly popular in Britain with an annual turnover of around £15.1 billion in 2015, up 10% on the figure from the previous survey two years ago. The …
read moreHealth & Safety
It is very likely that owners and managers of many smaller businesses are not aware of just how demanding health and safety regulations can be.
We provide an overview of …
Sources of Finance
The financing of your business is the most fundamental aspect of its management. Get the financing right and you will have a healthy business, positive cash flows and ultimately a …
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