General Business Issues

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The factsheets in this section answer some of the most commonly-asked questions from business clients - contact us for advice tailored to your needs

 Accounting records

What records should you keep – and for how long?

 Bribery Act 2010

This factsheet gives an overview of the procedures you must put in place in relation to the Bribery Act 2010.

Cash basis for the self-employed

Small unincorporated businesses can calculate their profits for tax purposes on a cash basis rather than the normal accruals basis. We look at the optional rules that allow for this, while also taking in the key tax points.

Company secretarial duties

This factsheet considers what company information has to be made available and looks at whether a company secretary needs to be appointed.

Criminal Finances Act 2017

The Criminal Finances Act makes companies and partnerships criminally liable for failing to prevent tax evasion. This factsheet considers the key aspects of the Act and the implications for your business.

Data security – Data Protection Act

The key compliance issues are observed when looking at data protection and the Data Protection Act.

Data security – General Data Protection Regulation

Ensure the key compliance issues are observed when considering data protection and the General Data Protection Regulation (GDPR).

 Data security – General Data Protection Regulation – Ensuring Compliance

The General Data Protection Regulation (GDPR) requires organisations to protect the personal data of individuals.

 Directors’ responsibilities

Becoming a director carries with it potentially onerous duties. Make sure you know what those duties are. This factsheet gives guidance on directors’ responsibilities.

 Grants

We consider if your business is eligible for a grant.

 Limited liability partnerships

The key features of a Limited Liability Partnership.

Making Tax Digital for Individuals

Outlining the Making Tax Digital regulations for individuals.

 Micro Entity Accounting

This factsheet considers the options available to micro entities when preparing their accounts. This factsheet considers the options available.

Money laundering

Tough rules apply to tackle money laundering and the proceeds of crime. The rules affect a wide range of people and we consider how your organisation may be impacted.

Narrative reporting

An explanation of the directors’ report requirements faced by private companies.

Preparing for your accountant

Whether we are producing your accounts or carrying out tax compliance work, being prepared for us will ensure our work is carried out smoothly and efficiently and with the minimum disruption to yourselves. This factsheet highlights many of the ways in which you can help.

Pricing strategies

Different approaches to setting a price.

Selling your business

An introduction to the issues involved in a business sale.

Small Company Accounting

We consider the required format of statutory accounts for small companies. This factsheet considers the reporting requirements and their impact.

 Strategies for increasing revenue

Including the product/market matrix.

The value of outsourcing

Which functions could you outsource?

Valuing your business

There are many reasons why you may need to calculate the value of your business. This factsheet considers the range of methods available as well as some of the factors to consider during the process.

Here is a guide to the main topics:

TOPICS

  • ACCOUNTING RECORDS                                                                                                                                  Download PDF
  • BRIBERY ACT 2010                                                                                                                                             Download PDF
  • CASH BASIS FOR THE SELF-EMPLOYED                                                                                               Download PDF
  • COMPANY SECRETARIAL DUTIES                                                                                                              Download PDF
  • CRIMINAL FINANCES ACT 2017                                                                                                                  Download PDF
  • DATA SECURITY – DATA PROTECTION ACT                                                                                          Download PDF                        
  • DATA SECURITY – GENERAL DATA PROTECTION REGULATION – ENSURING COMPLIANCE                                 Download PDF  
  • DATA SECURITY – GENERAL DATA PROTECTION REGULATION                                                                                                 Download PDF
  • DIRECTORS’ RESPONSIBILITIES                                                                                                                Download PDF
  • GRANTS                                                                                                                                                                     Download PDF
  • LIMITED LIABILITY PARTNERSHIPS                                                                                                        Download PDF
  • MAKING TAX DIGITAL FOR INDIVIDUALS                                                                                              Download PDF
  • MICRO ENTITY ACCOUNTING                                                                                                                       Download PDF
  • MONEY LAUNDERING                                                                                                                                        Download PDF
  • NARRATIVE REPORTING                                                                                                                                 Download PDF
  • OUTSOURCING                                                                                                                                                      Download PDF
  • PREPARING FOR YOUR ACCOUNTANT                                                                                                   Download PDF
  • PRICING STRATEGIES                                                                                                                                      Download PDF
  • SELLING YOUR BUSINESS                                                                                                                             Download PDF
  • SMALL COMPANY ACCOUNTING                                                                                                                Download PDF
  • STRATEGIES FOR INCREASING REVENUE                                                                                           Download PDF
  • VALUING YOUR BUSINESS                                                                                                                            Download PDF

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