Beyond Compliance: Technical & Advisory Insights

All employers are legally responsible for the health and safety of their employees whilst they are at work. Employees currently employed by you may get injured whilst at work or former employees may claim to have become ill as result of working in your business. The Employers’ Liability (Compulsory Insurance)

The national minimum wage rates will increase from 1 October 2010 as under: £5.80 to £5.93 an hour for workers aged 21 and over £4.83 to £4.92 an hour for workers aged 18 to 20 £3.57 to £3.64 an hour for workers aged 16 to 17 This marks an increase

With the final provisions of the Companies Act 2006 coming in to force on 1 October 2009, companies would need to consider some key changes and their consequences: Memorandum of association Companies incorporated after 1 October 2009 now have a shorter form of memorandum of association containing the name of

Accountants are familiar with the International Financial Reporting Standard (IFRS) 38 – Intangible Assets. IFRS 38 allows recognition of an intangible asset (brands included) only if “a) it is probable that the future economic benefits that are attributable to the asset will flow to the entity, and b) the cost

Efforts to converge the United Kingdom Generally Accepted Accounting Principles (UK GAAP) with the International Financial Reporting Standards (IFRS) have been going on for some. UK standards issued in recent times were all IFRS compliant. The Accounting Standards Board (ASB), that issues the UK standards, has now proposed full migration

The First Delegated Legislation Committee of the House of Commons has approved the recent enactment of Extra-Statutory Concessions Order 2012 giving legislative effect to six extra-statutory concessions (ESCs), including ESC C16 ( http://www.taxpartnersuk.com/news_detail.php?news_id=76 ), which covers the tax treatment of distributions to shareholders when a small company is dissolved. With

For financial reporting purposes business entities currently fall into three categories: publicly accountable (quoted) groups that report to their shareholders using the EU-adopted International Financial Reporting Standards (IFRS), other entities using the UK GAAP (UK FRS) and the third being smaller companies using the simplified Financial Reporting Standards for Smaller

Generally speaking businesses exist to create value; the more the merrier! But when it comes to small businesses it is important that they understand in jargon-free English what drives value for them. Most commonly talked about among value drivers are intellectual property rights, strong brands, patented products, market share, a

Depending on what the purpose is, a business plan could take different forms. The emphasis would change depending on whether the business plan is for a start up one or for an existing business. Typically an existing business planning to raise money would include the following in its business plan: