by admin | Jan 29, 2020 | Corporate Governance & Regulation |
A recent County Court case serves as an important reminder to comply with the requirements to preserve and maintain proper company accounting records. The case concerned a fast food takeaway company in Walsall. The sole director of the company was found to have failed...
by admin | Jan 15, 2020 | Corporate Governance & Regulation |
The money laundering rules are designed to protect the UK financial system and put in place certain controls to prevent businesses being used for money laundering by criminals and terrorists. The money laundering and terrorist financing (amendment) regulations 2019...
by admin | Jan 15, 2020 | Corporate Governance & Regulation |
There are a limited range of circumstances when a company can request to be removed from the register (known as being struck off). For example, a voluntary strike-off can be requested by a dormant or non-trading company. A limited company can be closed down by using...
by admin | Dec 4, 2019 | Corporate Governance & Regulation |
A tax accounting period for Corporation Tax purposes cannot exceed a 12 month period. If company accounts cover less than 12 months then the accounting period will normally end on the same day, and thus will be shorter than 12 months. This can happen if the...
by admin | Oct 23, 2019 | Corporate Governance & Regulation |
Under certain circumstances, companies (including non-resident companies trading from a branch or agency in the UK and local authorities) can have a duty to deduct tax in connection with certain payments. In effect the company accounts for all or part of the tax...
by admin | Oct 23, 2019 | Corporate Governance & Regulation |
A Close Company is broadly defined as a company that is controlled by: five or fewer participators or any number of participators who are also directors or where more than half the assets of which would be distributed to five or fewer participators, or to...
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