The Small Business, Enterprise and Employment Act 2015 has brought about a number of changes to the regulations of companies. The changes aim to simplify filing requirements and improve the transparency of ownership and control. The changes will affect all companies, including charitable companies.Read More
The handling of a deceased’s estate is inevitably going to be a difficult time for the bereaved family, but the situation could be even more distressing if the deceased’s estate is insolvent.
Whilst it is not possible for a creditor to instigate typical bankruptcy proceedings against a deceased individual they are able to petition to court for an Insolvency Administration Order (IAO) under the Administration of Insolvent Estates of Deceased Persons Order 1986 (AIEDPO).Read More
Following on from Chris Vines’ blog dated 28 May 2015, which related to the predictions on the Solicitors Accounts Rules, the SRA Board have made a proposal to relax some of the requirements of the accountants report.
Accountants will soon be able to use their professional judgement to assess if the reports they prepare for solicitors’ practices comply with SRA Account Rules.Read More
It is not very often that we have two Budgets in a single year, but the Chancellor recently delivered the first Budget of the new Parliament and it contained quite a few measures that no one was expecting.
One of George Osborne’s first acts, when appointed Chancellor in 2010, was to establish an Office of Tax Simplification (OTS).Read More