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What is a limited liability?

Firstly, a liability is a company’s legal debt or other obligation, which occurs during the course of a business’s operational lifetime. These might be settled over a certain period of time by way of transfer of something of economic benefit – such as money, goods or services. 

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Auto enrolment: dramatic rise in whistleblowing reports to Pensions Regulator

As auto enrolment staging dates continue to roll ever closer for many businesses, there are still many failing to meet these or completely ignoring the requirement to comply. However, if you think this is going unnoticed, don’t be fooled.

According to a recent news story, more than 2,500 auto enrolment compliance whistleblowing reports were made to the Pensions Regulator during the 2015-2016 tax year, which is a 29% rise since the previous year.

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What would it mean for the accounting industry if the UK votes to Brexit

The Brexit debate is one dominating the country at the moment, but what are the main implications of this vote when it comes to accounting?

One of the predominant arguments surrounding the vote for finance professionals is tax, and how it would change should the UK decide to leave the EU. There is also some speculation surrounding tax stability should the UK vote to remain.

Read more: What would it mean for the accounting industry if the UK votes to Brexit