Legal Compliance Archive
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National Minimum Wage Rates Set To Rise 2%
Posted on July 9, 2010 | No CommentsWith the recent change in Government and plans for the economy under the Emergency Budget there came a number of proposed changes which businesses need to be aware of. One of the most important for limited companies and other businesses employing staff is the changes... -
2012 Mandatory Pension Scheme and NEST
Posted on June 28, 2010 | No CommentsReforms to the pension scheme are in the pipeline (implemented by the Pensions Act 2008) which means that from 2012 onwards every business will be required to have a pension system in place. Employers will be expected to provide a pension scheme and make contributions... -
Accounting Compliance – Fulfilling Your Duties With The Tax Man
Posted on June 4, 2010 | 3 CommentsThroughout the year, there are many events, reporting dates and relevant filing periods which affect a business or limited company. We’ve checked and there are around 50 important accounting dates to be aware of. When you consider things like paying NI contributions, corporation tax, VAT,... -
Company Compliance – Avoiding Government fines
Posted on May 31, 2010 | 5 CommentsEvery company and limited liability partnership, big or small, old or new, trading or dormant, is required by Section 441 of the Companies Act 2006 to submit company accounts and reports every year to Companies House. Whether you’re about to start a new company or... -
The Dangers of Unclear Advertising – 3 Companies Wound Up
Posted on May 28, 2010 | 2 CommentsIn recent news, the Insolvency Service has apparently investigated and wound up 3 limited companies that were intentionally misleading customers for financial gain. These companies were offering products for free, with the customer only being required to pay postage and packaging. However, the fact that... -
Company Directors Responsibilities and Duties
Posted on May 28, 2010 | 3 CommentsEvery limited company within the UK is required to have at least one director. If a company formation is carried out using just one director, then it is a legal requirement that the director is a person (not another company) and that person must be... -
Accounting Requirements – Legal Obligations and Criminal Offences
Posted on May 25, 2010 | 3 CommentsRunning a growing business can involve a lot of hard work. Not least of which is the maintenance of the company accounts. Not everyone is great with figures, similarly not everyone realises their legal obligations. Section 386 of the Companies Act 2006 lays down the... -
Data Protection Notification – Your legal obligations
Posted on May 17, 2010 | 3 CommentsEvery business deals with data of one sort or another. Whether it’s a customer’s shipping information, credit card details, employee information or even monitoring premises with CCTV. Due to the nature of the information collected and held, the law places some responsibilities on the “data... -
Director Service Contract – Legal Employment Obligations
Posted on May 13, 2010 | No CommentsMany laymen running their own limited company are unaware of their legal obligations. Sometimes, ignorance can have serious consequences. Director Services Contracts are a perfect example. The legal precedent set by the Employments Rights Act 1996 means that there is a requirement placed on companies... -
HMRC – Penalties For Failing To Notify
Posted on March 11, 2010 | 2 CommentsIn further steps to clamp down on tax avoidance, HM Revenue & Customs are planning to implement a penalties system for those who have failed to correctly notify them with regards to Tax or VAT. This will not only apply to those who are intentionally...
