Keeping on top of your debtors

When businesses run into cash flow difficulties, delaying payments to suppliers can become a problem. Make sure you keep on top of your debtors, and your cashflow by implementing a debt collection policy. An example of a typical debt collection policy: If your terms state that payment must be received 30 days after invoicing, you[…]

Self-assessment tax return reminder

The self-assessment tax return deadline is approaching. The paper filing deadline is 31 October 2011, while online returns can be filed until 31 January 2012. New penalties have been launched for 2010/11 tax returns, which make filing on time more important than ever before. The initial £100 fixed penalty for late returns will now apply[…]

Posted in Tax

Does The Bribery Act Affect You?

The Bribery Act 2010 came into force on the 1st July 2011 making it a criminal offence for an individual or commercial organisation to offer or receive a bribe to bring about or reward the improper performance of a function or activity. The legislation targets the prevention of the cases of large scale corruption and[…]