What are a director’s responsibilities?

Becoming a director carries with it potentially onerous duties so you need to make sure you know what those duties are. Whether you are appointed to the board of the company you work for or you are involved in establishing a new business, the office of director should not be accepted lightly. This article summarises some of the responsibilities that you should be aware of…

What are the key highlights of the Economic Crime and Corporate Transparency Bill?

The Economic Crime and Corporate Transparency Bill (“the Bill”) represents the second element of a UK government reform package aimed at preventing the abuse of corporate structures and tackling economic crime. The bill, spanning an extensive 250 pages, brings forth a host of pivotal changes, each contributing to the overarching goal of transparency and accountability.

What charities need to be aware of when it comes to financial accounting…

For UK charities, financial transparency and accountability are of paramount importance. As they operate to serve a greater social cause, charities must adhere to specific accounting regulations and practices to ensure their funds are used for it charitable purposes. In this article, we will explore the key aspects that UK charities need to be aware of.

E-commerce accounting – a beginner’s guide for UK businesses

The world of e-commerce offers immense opportunities for UK businesses to reach a global customer base and drive growth. However, alongside the benefits come unique accounting challenges that require careful management. E-commerce accounting involves handling a high volume of transactions, tracking inventory, and ensuring compliance with tax regulations.

How to manage cash flow during the summer slump

For many businesses in the UK, the summer months can bring a noticeable dip in activity, resulting in cash flow challenges. As clients and customers take holidays and purchasing patterns change, it’s essential for businesses to manage their cash flow to navigate the summer slump successfully.

The benefits of completing your tax return early

The deadline for submitting your tax return is 31 January following the end of the tax year. While it may be tempting to procrastinate and leave it until the last minute, there are compelling reasons why completing your tax return early is crucial. In this article, we will explore the importance of early submission and the benefits it offers.