Wrongful Trading: What It Is and How to Avoid It Wrongful trading, often known as “trading irresponsibly,” is a civil wrong covered by Section 214 of the 1986 Insolvency...
Understanding – And Using – a Director’s Loan Account If you own a business, you’ve probably come across the term “directors loan account.” Directors loan accounts (DLA) are one...
Shares, Share Capital and More Explained Setting up a limited company can seem like a daunting and confusing undertaking, and, as many new company principals discover, for lots of...
An Employer’s Guide to Unlawful Deduction of Wages Unlawful deductions of wages claims could be filed against you if an employee claims you illegally deducted money from their paycheck....
Tip Pooling, Troncs and a Fairer Workplace for Everyone Tipping dates from the 18th century, when customers in pubs would attach coins to notes handed to the barkeeper. The...
How the Employment Allowance Can Help Your Business Grow The Employment Allowance – referred to, inaccurately, by some as the employer’s allowance – reduces the amount of National Insurance...
Everything You Need to Know about Micro-entity Accounts A micro-entity (also known as a micro company) is a very small, privately held limited company. If you’re the director of...
Basic Guide to Benefits in Kind: What You Need to Know Now It’s possible that you’re receiving a benefit-in-kind if you receive any other benefits as part of your...
Personal Service Company: What It Is and Why You Might Want to Form One When then-Chancellor Gordon Brown used the phrase “personal service company” to introduce the well-known legislation...
Credit Control – How to Get it Right Every Time One of the most important aspects of running a successful business is effective credit control. Your business’s cash flow...