The Bribery Act 2010

All businesses and individuals now need to be aware of new bribery legislation which came into force on 1st July this year. The Bribery Act describes actions which involve “a financial or other advantage” being offered or received in exchange for “a business function or decision to be carried out improperly” as being potentially criminal.

Surge in data security breaches by private companies

The number of data security breaches by private companies has risen by 58% over the last year, according to figures released by the Information Commissioner’s Office (ICO). This is in spite of the fact that three quarters of businesses surveyed understand that the Data Protection Act (DPA) obliges them to keep personal information secure –

New proposals to allow more firms to avoid audits

The Government has put forward proposals to allow more small firms to avoid the need to submit audited accounts – saving businesses in the UK an estimated £206m a year. EU regulations list three criteria by which firms can be regarded as small for accounting purposes. These are:  no more than 50 employees balance sheet

Huge rise in number of home-based businesses

The number of businesses operating from people’s homes has increased dramatically over the last year. Research by Lloyds TSB Business Insurance revealed there are currently 5.9m home-based businesses in the UK. More than a quarter of them were set up in the last year. The new businesses cover a wide spectrum from IT and computer

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