Resource Centre

Morgan Davies

Legal working in the UK

In line with the Immigration, Asylum and Nationality Act 2006, it is a criminal offence to employ anyone who does not have an entitlement to work in the UK, or undertake the type of work you are offering. Any employer who does not comply with the law may be facing a fine of up to £20,000 per offence. Further, if employers knowingly use illegal migrant labour it could carry a maximum five year prison sentence and/or unlimited fine.

Fixed Rate Expenses

We consider an optional system of fixed rate expenses which is available for some businesses.

Accounting Standards Changes

Due to the introduction of new accounting standards, commonly referred to as ‘New UK GAAP’, the form and content of company accounts are changing.

Mircro Entity Accounting

In recent years many companies have been preparing and filing ‘small company accounts’ under a Financial Reporting Standard for Small Entities (FRSSE). However, for financial years beginning on or after 1 January 2016, FRSSE has been withdrawn and small companies, which qualify as ‘micro-entities’, have a new choice:

Changes to information requirements about people with significant control

There are changes to the information requirements about People with Significant Control (PSC). The new rules potentially affect companies and LLPs. There are also changes for Scottish limited partnerships and certain Scottish general partnerships (collectively referred to as ‘eligible Scottish partnerships’).

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