Your responsibilities as a Director
Your responsibilities as a Director
Setting up a company and becoming a company director is relatively straightforward and generally encouraged for most businesses. There are potential tax savings to take advantage of, which are simple to implement.
It is important that companies and directors understand the Companies Act, to ensure they are meeting UK legislation requirements.
To help our clients, in particular new businesses, we provide guidance as a matter of course around reporting requirements, filing requirements and profit extraction. This is included within our accounts service and will consider your tax implications personally.
A Director’s responsibilities may not go much further than that, however as an employer and owner there will be lots to consider around insurances, employee rights, your rights when dealing with bad debts and your rights when dealing with suppliers that have broken their contracts. Whilst we may not be able to deal with all of these directly many of our clients have similar issues so we have created a support network available to help.