You must follow a particular accounting concept/principle while preparing and presenting the accounts. One of those accounting principles is the going concern concept. The going concern is the accountancy term used for a business that has resources available to operate in the foreseeable future. In other words, it will not be liquidated or be forced […]
What is Going Concern Concept in Accounting? Read More »
Things are always uncertain about a business. Pandemic, investment failure, fraudulence, change in consumer preferences and other things can lead your company towards insolvency. For this reason, you need to have a contingency plan to deal with the unfavourable circumstances of the future. So receivership is here to protect you (creditors) against bankruptcy and to
What is Receivership? Can You Stop it? Read More »
Setting up a business or merging it with another one isn’t enough for success. Before starting a business, you need to decide whether you want to start your company from scratch or want to acquire a ready-made company. In this post, we’ll discuss what is off-the-shelf company, why you need to have it, how to
What is Off The Shelf Company or Ready Made Company? Read More »
If you carry out a small business, it is important to know certain aspects to bring your business on the road to success. Having a good understanding of the difference between direct and indirect costs is one such aspect as well. Which will always help to do the pricing better for your offered services or
Direct Costs vs. Indirect Costs: What Are They, and How Are They Different? Read More »
Do you wonder how is the director a PSC? The UK government introduced PSC in April 2016, the purpose of PSC is to have a clear vision of the control of the companies in the UK. The companies are required to do the following due to the PSC regime: Register maintenance of PSC Figure out
Can a Director Be a PSC in Relation to Their Company? Read More »
If you are incorporating a company for the first time, you may be unaware of the issues that come along with it. To establish one, you need funding for which you will most probably raise equity finance via investors. But selling shares is not that simple enough. You need to understand different types and
What is Ordinary Share? Advantages & Disadvantages Read More »
If you own a limited company, it is an advantageous idea to make contributions to a pension. This will help you to bring tax benefits as it will allow being treated as allowable expenses in your business and will benefit you at the time of your corporation tax bill. It is possible even if you
Things You Should About Employer Pension Contributions Read More »
In case you are wondering about what is a close company? and if you have ever heard of a company that is controlled by a small group of individuals, then you are halfway there to have a complete understanding of a close company. It is important to know that the income produced by such
What is A Close Company? A Comprehensive Guide Read More »
Micro entity refers to a really small private limited company. This term is also known as the micro company. Here comes the discussion of micro-entity accounts as well, that you might be looking for. Let’s say you are the director of a micro-entity, there is an easy way to save your time and energy to
All you need to know about Micro-entity Accounts! Read More »
In maximum corporations, the allotment of shares and issues could be an identical process. An enterprise can also additionally at any time throughout its lifetime raise share capital and introduce new shareholders. Issuing shares is a extra complicated process than many might expect. There is a way to simply fill and send it to the
What is Allotment of Shares and Reasons of Issuing Shares Read More »
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