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Auto-Enrolment is a pension initiative that began in October 2012. It aims to help more people build savings for ...

IR35 is the common name for off-payroll working rules. The rules mainly target situations where a worker provides ...

Working Papers are documents that accountants prepare while completing a client's work. They support the ...

Management Accounts are internal financial reports which help business owners and senior managers monitor ...

A Testator is a person who writes and signs a Last Will and Testament. The Will explains how that person wants ...

Every business, whether just starting out or firmly established, needs a clear and legally sound set of Terms and ...

CSV stands for Comma-Separated Values. A CSV file stores information in a simple table-like format using plain ...

Directors' Remuneration is the total compensation a director receives for their work. This includes more than just ...

Overheads are the ongoing costs required to run your business. However, they do not link directly to one product, ...

A Trustee is the person appointed to manage assets held in a trust. They take legal responsibility for those ...

When a supplier places a customer "on stop", they suspend all future deliveries of goods or services until the ...

When selling your home, you may not need to pay Capital Gains Tax. Private Residence Relief can reduce or remove ...

Alphabet Shares can add flexibility to a company's share structure. They can also introduce extra legal steps and ...

When someone writes a Last Will and Testament, they must name an Executor. An executor is the person, or people, ...

Payment Terms are the conditions agreed upon between a seller and a buyer about how and when payment will be made. ...

If you run a limited company, you must prepare accounts each year. You must then submit these accounts to ...

Liquidation is the process of turning business assets into cash. A limited company sells what it owns and uses the ...

With a Lasting Power of Attorney (LPA) in place, you are safeguarding your wishes if you ever lose the ability to ...

In simple terms, a remittance is the act of sending money from one person or entity to another. It can involve two ...

Remuneration refers to the total reward an employee receives for their work. It includes, salary, bonuses and a ...

A registered office address is the official location of a company. It is where government bodies send important ...

Your payslip is more than just a record of your pay. It shows how your employer has calculated your pay, what ...

When someone passes away without a legally valid Last Will and Testament, the government considers them to have ...

Cash flow is the movement of money into and out of your business over a specific period. This could be a month, a ...
