financial management for ambitious businesses
There has recently been talk of a triple dip recession. There is a recession when there has been two consecutive quarters of negative growth, a definition based on numbers. In Q4 2012 UK GDP contracted by 0.3% and growth in the previous quarter was 1%. In my work I particularly enjoy helping businesses use numbers [...]
Corporate Governance has been described as “the system by which companies are directed and controlled”. Clearly this applies to all businesses. However Corporate Governance as a subject tends to be the ambit of public companies, charities and other public interest organisations. On line conversations in the Corporate Governance community seem to mostly relate to larger businesses. In [...]
There are various requirements for a subsidiary to become exempt from audit under recently published legislation; these most significantly include a statutory guarantee to be given by the parent company of all of the liabilities of the subsidiary at the financial year end. I believe that taking advantage of the exemption will require careful consideration. Here [...]
Last week the Government announced a further expansion of the audit exemption rules. In addition to extending the exemption for some so called “small” companies, it will be available to most subsidiary companies provided the parent company guarantees their liabilities. Arguably I should be welcoming the relaxation in rules, perhaps more businesses will want internal [...]
Yesterday there was a furore over a comment made by Exchequer Secretary, David Gauke regarding the morality of paying cash in hand to tradesmen. In response the Treasury last night issued a statement saying “The Tax Minister was clear that it is fine to pay in cash, but where that is done in order to [...]
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