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Accounting
Are Directors Liable for Their Dissolved Company’s Unpaid Bills?
On 15 December 2021 the government passed an Act which at the time was effectively ‘under the radar’ for many company directors but could have
Are You Trading?
Covid -19 had a devastating impact on many businesses with significant numbers closing for good. However, many workers who were made redundant or furloughed took
Cash Basis Changes
As with many new measures when they are first announced by HMRC or the Treasury, it takes some time for these to trickle through to
Digital Platform Rules: New Guidance Ahead of First Report Deadline
In four months’ time, the first reports are due for compliance with the new Digital Platform Reporting rules. The regime, introduced on 1 January this
Have You Taken An ‘Illegal Dividend’?
Anyone who invests in a company is taking a chance, hoping that the money will not be wasted, and that the directors, as representatives of
How to Challenge a K-code
The PAYE system should deduct approximately the right amount of tax from your salary so that you do not have further tax to pay on
Is it Time to Use up this year’s Cash ISA Allowance?
Rumours have swirled since before the last Autumn Statement about a possible cut to the annual cash ISA allowance. It is now known that the
Should I Make Any Adjustment to the Accounting Loss for Unpaid Fees?
The technology company I jointly own has suffered in the recession, so the directors’ fees due for 2009 have not been paid, although the fees
What are the Tax Rules for Employee Reward Schemes?
Q:I’m thinking about introducing a scheme encouraging employees to bring forward ideas to improve my business, offering a significant reward for the best suggestion. I’m