Directors have a responsibility to maintain, preserve and deliver up records that are adequate to explain the financial position of their company. If they fail to do so, they run the risk of being disqualified from acting as a director. In a recent Insolvency Service investigation, a director was banned for seven years. His transgressions […]
Monthly Archives: February 2017
Costs that businesses incur to clean up after the recent storms, that affected the north and east coasts in particular, need to meet the usual qualifying criteria that they are incurred “wholly and exclusively” for business purposes in order to be a legitimate write-off for tax purposes. If the costs are covered by insurance, no […]
Business owners may be considering their options for investment in new equipment especially if their trading year end is March, as is often the case. There are a number of considerations: Cash flow, can the business afford the cost or fund loan or other financing arrangements? Will the new equipment make a positive impact to […]
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