Contractors working through their own limited company should be aware that from April 1st, 2010 all cheque payments for VAT, sent to HMRC by post will be treated as being received by HM Revenue and Customs on the date when cleared funds reach their bank account. It will no longer be the date when HMRC [...]
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On 11th February 2010, it was announced that the PAYE umbrella company, Albany had gone into administration. For contractors that used Albany’s umbrella services it has meant they have been left unpaid. Carter Backer Winter (CBW), which has been placed in charge of the company’s assets, said cash flow problems had led to the firm [...]
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Companies House, which deals with the registration of businesses, has added 42 new words to a list of company names that are restricted, for having the potential to mislead or sound too official.
Among the words whose commercial use will now require permission, in order to stop businesses feigning some type of authority, are ‘adjudicator,’ ‘bank,’ [...]
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The Companies Act 2006 is changing the law with regards to limited companies. The final implementation of the Act comes into effect from 1st October, 2009. The changes are leading many independent contractors with existing limited companies, or contractors that are considering setting-up a limited company, to contact ICS for advice.
ICS Accounting Ltd offers an innovative solution for [...]
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