Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
03 July 2017
Digital Share Reporting - annual deadline fast approachingAre you an employer? Then don’t miss the HMRC deadline of 6 July 2017 for reporting on all relevant employment related securities transactions.
29 June 2017
PSC regime updated as changes to anti-money laundering measures come into effectOn Monday 26 June changes were made to the UK anti-money laundering measures which have resulted in changes around the reporting of People with Significant Control (PSC) information.
All companies are required to “check and confirm” PSC information on an annual basis via their confirmation statement. Where changes had occurred in the year affecting areas such as the statement of capital and shareholder information, the previous rules allowed for these areas to be updated on the confirmation statement.
26 June 2017
Debt recovery – carrot or stick?We are all in business to be paid, whether that is a professional services firm like ours or you are manufacturing widgets. When customers engage, they expect to have to pay for your services or goods and when you have robust credit control procedures you would hope they would pay within your credit terms.
23 June 2017
What is a Members’ Voluntary Liquidation?A members’ voluntary liquidation (MVL) is a voluntary liquidation process by a solvent company allowing the shareholders to obtain the value of the business in cash and instead of being charged income tax on the funds a capital gains tax is applied, meaning a significant saving on taxes.
19 June 2017
Creditor services – make the best of a bad situationUnfortunately, customers and suppliers do fail. It is, if you subscribe to Robert Peston’s view, a positive reflection on the economy as he believes growth doesn’t resume at any great speed until unviable and inefficient businesses are put out of their misery. This is all well and good of course but when you are facing a bad debt from a customer or a supplier failure interrupting your supply chain, the impact on your business can be significant.
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