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  • 600+ Business Solutions - Do you have a conflict of interest?
    Directors can be allowed to act even if they have a conflict of interest, but the correct procedures must be followed. It’s important to get this right, as transactions can be overturned and directors held personally liable. So what do you need to know about conflicts of interest?
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  • Tips & Advice You & Your Business - Imprisonment and disqualification for rogue director
    One disqualification order would be enough to make most people seek a different profession or play by the rules in future. However, some rogue directors never learn, as a recent Insolvency Service prosecution illustrates. Why was this director imprisoned and disqualified all over again?
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  • 600+ Business Solutions - Late filing penalties
    The requirement to file annual accounts can be a real headache for directors, especially as it comes with the threat of a penalty for missing the deadline. Companies House (CH) has made some changes to its policy on late filing penalties, effective from 1 October 2019. What do you need to know?
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  • 600+ Business Solutions - Can phoenix companies ever be legit?
    A director spent 15 years on the run before being extradited from Spain to serve time in the UK for theft and breach of a confiscation order. He had used so-called phoenix companies to escape debts and create a web of fake invoices and loans. But are phoenix companies always a sign of illegality?
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  • 600+ Business Solutions - The unhappy lot of an unsecured creditor
    It’s the employees and owners who are hardest hit when a business goes under, but in the current economic climate it can be a real blow to creditors and customers too. If you’re owed money by an insolvent business, what are your options?
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  • 600+ Business Solutions - Why change your accounting date?
    There are several reasons to change your company’s accounting period, for example to spread profit. The process is surprisingly straightforward but the payment deadlines can be easy to miss. How can you avoid being caught out?
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  • 600+ Business Solutions - Q&A - getting rid of a defunct company
    Q&A - getting rid of a defunct company..Q. A year ago I formed a company to run a new project but unfortunately the business never materialised. Can I get rid of the company without getting an accountant involved? A. Yes, as long as the company has no assets and hasn’t been active in the last three months you can apply to Companies House to have it struck off. There’s no requirement to produce accounts. If the company has been allocated a corporation tax number you should also contact HMRC (see The next...
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  • Tips & Advice You & Your Business - Gossiping director breaches his duties
    Gossiping director breaches his duties..Don’t blab. In Stobart Ltd v Tinkler 2019 the directors of Stobart (S) were locked in a boardroom dispute. The dissenting director, Tinkler (T), discussed the dispute with major shareholders and non-directors, campaigned for the chairman to be removed and disclosed confidential information to non-directors. The High Court has now ruled that T’s actions amounted to a breach of his duties in relation to confidentiality and exercising independent judgement (see The next...
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  • 600+ Business Solutions - Are you liable for employment contract breaches?
    The High Court has been asked to consider whether the directors of a small company were personally liable for breaches of its employment contract. What conclusion did it reach?
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  • 600+ Business Solutions - Are you making the right online disclosures?
    We’re not talking about divulging your business secrets. The look and feel of your company’s website are key from a marketing point of view, but do you know what information you must include to comply with the law?
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