There’s no deadline to file a company tax return, but HM Revenue & Customs (HMRC) says it wants to remind small businesses about the importance of doing so. If you’re due to file your return, there are some things you’ll want to do before April 5th 2019 – such as getting your books up to…
The Financial Conduct Authority (FCA), together with the Prudential Regulation Authority (PRA) and the Bank of England, published updated guidance today about how companies can assess whether they meet their obligations under the Companies Act 2006. This includes assessing whether there is adequate corporate governance arrangements in place to protect investors and customers, including those…
How do you give your business a loan? A director loan is usually a shorter-term loan, typically under 12 months. A director loan allows directors to make loans to their own companies, and it’s often used to fund growth initiatives. Companies can also borrow money from one another, but there are risks associated with borrowing…
Why you need two managing directors? Yes, you can have 2 managing directors in UK company. But if you want to do this then you need to apply for permission from Companies House. You should check whether your business structure is suitable for having two managing directors. If not, then you cannot have two managing…
1. How to acquire a UK business Buying a business isn’t always straightforward. You might think you know exactly what you want, but you don’t really. If you’re thinking of buying a business, here’s how to make sure you find the best deal. You’ll probably want to do some research before you start looking around….
When does a limited liability company have to be closed? A voluntary liquidation allows shareholders, directors and creditors to decide what happens next. If there are no objections, the company continues as normal. But if there are objections, the court appoints a liquidator. This person takes control of the company’s assets and distributes it among…