It is now coming up to a year when the Government introduced audit exemptions for small limited companies and subsidiaries of groups. To recap, this exemption is available to small companies and subsidiaries of groups who meet two of the following criteria in both the
Read more →Do you know that in difficult economic times, with the economy shrinking since 2008, there has been growth in new businesses, with an estimated record number of private sector businesses in the UK of 4.8m. With increasing youth and graduate unemployment the Government are trying
Read more →Sleeping partners in a business, who take no active part in the day to day running of the business, will now have to pay Class 2 National Insurance contributions on self employed earnings and Class 4 NICs on taxable profits. If this affects you we
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