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For larger companies within the UK, part of audit requirements is to produce a going concern forecast for 12 months from the date of signing the accounts. This is mainly to demonstrate that the business is able to continue to trade for the foreseeable future. Companies must take going concern forecasts seriously as part of … Read more
The concept of making an employee redundant can be daunting for Company Directors. Not only is it a difficult situation to manage from a personal perspective, but there are also financial considerations to consider. This blog answers the all-important question – what costs will you incur when making staff redundancies? We’ll share everything you need … Read more
Redundancy is one of the most challenging decisions any business has to make. As a company director or business owner, it is essential to understand the consequences of staff redundancy and the legal obligations of both employers and employees when faced with redundancy. Managing staff redundancy costs can be complex, but there are steps you … Read more
For finance directors and finance managers alike, having a handle on a company’s financial health is crucial for success. If your business is big enough to have an annual financial audit, part of the reporting requirements is to produce a going concern forecast for 12 months from the date of signing the accounts. Put simply, … Read more
Starting a new company is a challenging feat. Besides putting together a team, finding a location, and developing the concept, there’s the immense task of raising funds. It’s no surprise that investors tend to be cautious of unproven entrepreneurs and ideas, contributing to the 20% failure rate of UK startups in their first year. As … Read more