Please note – we are not tax accountants – BUT this is something that businesses, including larger law firms, need to be aware of. Get appropriate tax advice. IR35 – a bear trap for companies hiring external help. Basically, the Inland Revenue wants to ensure that the state is not being done out of taxes […]
I expect most of you have experienced poor management in your career. It can leave you feeling bewildered, undervalued & demotivated. I have and I’ve seen others close to me undergoing it as well. I’ve had the privilege of coaching some people through it until they come out to the other side. So why does […]
Today the 5th AML Directive comes into force. If you are a law firm we can help you update your AML policies & procedures. Here is a link to the guidance from the Law Society with a summary of the changes as well. https://www.lawsociety.org.uk/policy-campaigns/articles/anti-money-laundering-guidance/
Top Line minus Middle Line equals Bottom Line. In simplistic terms this is the equation for Profit. Top Line is the exciting stuff: new sales. Everyone loves a new sale. The risk arises when people focus on new sales alone. Of course, if you don’t get sales there is no business. Driving up turnover is […]
They said they would do this. Now they have. This week they have written to all firms caprtured by the 2017 Money Laundering Regulations requiring the COLP to sign a declaration confirming that your practice has a firm-wide money laundering risk assessment in place. The deadline for responding is 31 January 2020. Firms outside the […]
There seems to be a constant stream of compliance requirements that a busy practice owner or compliance officer needs to keep up with. That ontop of trying to win work, do the work, manage staff and spin all the other plates required! We recognise that and want to offer help. We have therefore developed a […]
Flagship Homes are a leading Housing Association providing accommodation across the East of England. Flagship own and manage about 22,000 homes. Over the last few years James McCulloch has been building an in-house legal team which handles property, commercial and civil litigation (mainly debt collection) work. The existing team of Anti-Social Behaviour Officers also joined […]
On 29th October 2019 the LS Gazette reported that the SRA has given notice that it would over the coming weeks contacting thousands of firms to ask what measures they have in place to combat money laundering. 7,000 firms fall within the regulated sector. On an earlier investigation, it found the majority of firms (64%) […]
Please note it will be compulsory to display this from 25th November 2019. The idea is that this allows clients to validate the firm. Here is a link to the article on the SRA website where you can read about this in more detail and obtain the SRA badge. https://www.sra.org.uk/solicitors/resources/transparency/clickable-logo/ Here is a link to […]
Here is the text from Miscrosoft "As announced previously, Windows 7 will be out of support after January 14, 2020. Because Office 365 is governed by the Modern Lifecycle Policy, customers are required to stay current as per the servicing and system requirements for the product or service. This includes using Office 365 ProPlus on […]
