General business issuesThe factsheets in this section answer some of the most commonly-asked questions from business clients — contact us for advice tailored to your needs.Accounting recordsWhat records should you keep – and for how long?Bribery Act 2010This factsheet gives an overview of the procedures you must put in place in relation to the Bribery Act 2010.Cash Basis for the self-employedSmall unincorporated businesses can calculate their profits for tax purposes on a cash basis rather than the normal accruals basis. We look at the optional rules that allow for this, while also taking in the key tax points.Charities in Scotland: trustees’ responsibilitiesWe consider the various responsibilities of being a Scottish Charity Trustee with particular emphasis on accounting and audit requirements.Company secretarial dutiesThis factsheet considers what company information has to be made available and looks at whether a company secretary needs to be appointed.Criminal Finances Act 2017 and Economic Crime and Corporate Transparency Act 2023The Criminal Finances Act makes companies and partnerships criminally liable for failing to prevent tax evasion. This factsheet considers the key aspects of the Act and the implications for your business.Data Security – Data Protection Regulatory FrameworkEnsure the key compliance issues are observed when considering data protection and the General Data Protection Regulation (GDPR).Data Security – Data Protection Regulation — Ensuring ComplianceThe General Data Protection Regulation (GDPR) requires organisations to protect the personal data of individuals.Directors’ responsibilitiesBecoming a director carries with it potentially onerous duties. Make sure you know what those duties are. This factsheet gives guidance on directors’ responsibilities.GrantsWe consider if your business is eligible for a grant.Limited liability partnershipsThe key features of a Limited Liability Partnership.Making Tax Digital for IndividualsOutlining the Making Tax Digital regulations for individuals.Micro Entity AccountingThis factsheet considers the options available to micro entities when preparing their accounts. This factsheet considers the options available.Money launderingTough rules apply to tackle money laundering and the proceeds of crime. The rules affect a wide range of people and we consider how your organisation may be impacted.Narrative reportingAn explanation of the directors’ report requirements faced by private companies.Preparing for your accountantWhether we are producing your accounts or carrying out tax compliance work, being prepared for us will ensure our work is carried out smoothly and efficiently and with the minimum disruption to yourselves. This factsheet highlights many of the ways in which you can help.Pricing strategiesDifferent approaches to setting a price.Selling your businessAn introduction to the issues involved in a business sale.Small Company AccountingWe consider the required format of statutory accounts for small companies. This factsheet considers the reporting requirements and their impact.Strategies for increasing revenueIncluding the product/market matrix.The value of outsourcingWhich functions could you outsource?Valuing your businessThere are many reasons why you may need to calculate the value of your business. This factsheet consider the range of methods available as well as some of the factors to consider during the process.VAT — Making Tax DigitalAn overview of the Making Tax Digital for VAT regulations.
