Category: Starting a Business

Warning: do you have the director’s consent?

Businesses | Document Management System (DMS) | Document Portal | Starting a Business

Few people are aware of the need to have a director’s consent in place BEFORE incorporating a company. This arises from the terms of s201D Corporations Act. This section provides as follows: CORPORATIONS ACT 2001 – SECT 201D Consent to act as director A company contravenes this subsection if a person does not give the company a […]

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Making Tax Digital – Part 2

Accountant | Accountants | Bank Reconciliation | Businesses | Cloud | Small Business | Starting a Business | Tax

Following HMRCs initial announcement on MTD and after months of speculation and discussion, HMRC has published the outcome of its Making Tax Digital (MTD) consultation and draft legislation ready for the Finance Bill 2017. The purpose of this initiative from the HMRC is to help businesses get their tax right first time and ‘Making Tax […]

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Making UK Tax Digital – Part 1

Accountant | Accountants | Accounting Software | Businesses | Cloud | Expenses | Invoices | Small Business | Starting a Business | Tax

In the March 2015 Budget the government announced its vision for modernising the tax system and set out how this bold change for modernising the UK Tax system would be live by 2018. Following feedback that the pace of change could be too great, this ambitious date has now been changed to 2020 for some […]

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