May 2020 - Inform Direct

Creditors’ Voluntary Liquidation – CVL

Published in Business management on May 26, 2020 by Ben Robinson

This is the most common type of liquidation that may befall a company. At any moment there are usually between 12,000 and 14,000 companies on the UK register that are going through a creditors’ voluntary liquidation.…

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Tags: strike off, Liquidation, creditors' voluntary liquidation, cvl, winding up

Employee share schemes and options

Published in Shares and shareholders on May 19, 2020 by Philip Newman

Companies often use employee share schemes to remunerate and incentivise staff. The share schemes give employees either a stake in the company or share options to invest in the company. This means that the more profitable the…

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Tags: shares, Share options, Options, Option holders, employee share schemes, share schemes

What is a sole trader?

Published in Business management on May 19, 2020 by Johnathan Korchak

A sole trader is a self-employed person who owns and runs their own business as an individual. A sole trader business doesn’t have any legal identity separate to its owner, leading many to say that as a sole trader you are…

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Tags: business types, sole trader

When do you have to register for VAT?

Published in Business finance on May 19, 2020 by Johnathan Korchak

Your business must register for VAT with HM Revenue and Customs (HMRC) if, over the past 12 months, your ‘taxable supplies’ (closely based on your sales or turnover, not your profit) have exceeded the VAT registration…

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Tags: HMRC, taxation, business finance, VAT

What are share options

Published in Shares and shareholders on May 12, 2020 by Philip Newman

Share options granted by a company give the holder the right to buy shares from that company at some date in the future. Companies will often grant options to employees as part of their overall remuneration package as a way to…

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Tags: shares, Share options, Options, Option holders

Coronavirus and Company Secretarial Responsibilities

Published in News and opinion on May 4, 2020 by Johnathan Korchak

The impact of coronavirus continues to be felt in many ways by UK businesses, with advice and support from their professional advisers becoming more important than ever.…

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Tags: stock transfer forms, Companies House, accounts, HMRC, strike off, filing deadlines, AGM, furlough

Monthly Archives: May 2020