Changes to Companies House Fees: Understanding the Impact.
It has been announced that effective 1st May 2024, Companies House, the United Kingdom's registrar of companies, has made significant changes to its fee structure.
New transparency rules to keep companies squeaky clean
Company directors, people with significant control of a company, or anyone who files on behalf of a company, must ensure they comply with new transparency rules from March 2024. Greater scrutiny of information lies at the heart of the new legislation, which is designed to plug potential loopholes that may have been exploited for the purposes of economic crime. It strengthens the powers of law enforcement agencies, makes it easier to prosecute corporates for certain financial crimes, and introduces a new offence of ‘failure to prevent fraud’ for larger organisations…
When flipping taxes may trip up property developers
Property market commentators are divided on whether 2024 will see a further dip in house prices, while buyers play “wait and see” on the mortgage market. Meantime, many starter property developers are once more being drawn into the sector, with the lure of fast profits to be made while the market is slow. There are lots of advice available on making money from property, there is caution to be taken on the tax bills that investors may encounter if they are successful in building a portfolio or ‘flipping’ property by…
Freehold estates
Unlike other residential areas, freehold estates are privately owned or mixed tenure estates which are not owned or maintained by the local council. The effect is that the owner of this land is responsible for the costs of maintaining and repairing the area, and these costs can be sometimes known as ‘rent charges’.
Directors’ corporate responsibilities continue even after they resign
Resigning as a company director doesn't end your corporate responsibilities. Make sure finances are sound before you go to minimize personal liability risk.
Review and update your legal documents for your business
Review your legal documents and get your legal affairs in order. Here is our guidance on reviewing contracts and updating policies for your business.
A landlord’s guide to dealing with commercial tenants
This guide aims to provide an overview to landlords of the key aspects involved in managing commercial tenants.
A guide to house sales terminology
Knowing house sales terminology empowers homeowners and buyers, aiding informed decisions and a transparent property transaction process.
Mediation and Christmas – Agreeing where children spend the holidays
Mediation can help resolve disputes about child arrangements during holidays and Christmas and offers guidance on what to do when no plans in place.
Common myths about inheritance tax planning
Inheritance tax planning is a crucial aspect of financial management, yet it is often shrouded in misconceptions and myths. As the New Year begins, it's an opportune time to debunk these common misunderstandings and shed light on the realities of effective inheritance tax planning.