Introduced in 2008, the Corporate Manslaughter and Corporate Homicide Act 2007 (CMCHA) is designed to set out what happens when ‘corporate manslaughter’ is committed. This crime is committed if the death of a human being is due to serious management failures, and places the entity as accountable for the death rather than any particular individual. Continue reading

The country’s buy-to-let landlords have already experienced a tough tax regime and rising costs, but they should now strongly consider seeking the assistance of business consultants in London to avoid being negatively affected by the Annual Tax on Enveloped Dwellings (ATED).

This special capital gains tax will affect residential properties owned by companies; meaning, where a property is owned by non-natural persons – either a company, a partnership with one or more corporate partners, or a collective investment scheme. Formerly referred to as the Annual Residential Property Tax, ATED is an annual charge on residential property within the UK. From April of this year it applies to all property valued at over £1 million, but this is set to be reduced to £500,000 by 1 April 2016. Continue reading

Those in need of new business support who are interested in analysing and comparing profitability between companies and industries may do so via EBITDA, a measure of profits that eliminates the effects of financing and accounting decisions.

You will find in a company’s income statements its earnings, tax and interest figures, and in the notes, to operating profit or on the cash flow statement the depreciation and amortization figures. EBITDA can be calculated by first establishing the operating profit – also known as earnings before interest and tax (EBIT) – before adding back depreciation and amortization.

However, EBITDA as a non-GAAP measure allows greater discretion to be exercised with regard to what does or doesn’t figure in the calculation. It means that from one reporting period to another, some companies may alter the items included in their EBITDA calculation.

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New regulation requirements for charities has underlined the importance of hiring trusted business consultancy services to keep charities performing as compliantly as possible.

On 23rd October 2014, the Charity Commission, an independent regulator of charities in England and Wales, announced changes to the annual return process, which is intended to ensure that the public can give money to charities in confidence. Regulators reported that new questions to be added to the annual return will improve its ability to identify those charities in risk of financial failure, thereby making them more accountable to the public that supports them. Continue reading

New companies often experience steady growth during their first months in business, so it is important to properly assess the optimal accounting dates in order to make earnings as tax efficient as possible. Those benefitting from London Registrars’ outstanding support for new businesses can be guided through the most advantageous processes in order to secure the maximum benefit, and ensure their rapid growth and future success.

Incorporated businesses must adhere to a maximum period of twelve months for tax calculations. However, your company’s accounting period does not have to be one year exactly – you have the option of extending up to a period of 18 months, or reducing it as much as you require. Altering your accounting period can serve to extend your Corporation Tax date, which can be especially beneficial for new businesses from a tax point of view. Continue reading