Well, they would say that, wouldn’t they?

Following yesterday’s announcement by the Government of a new discussion paper “Simpler Reporting for Smaller Businesses”, which proposes easing corporate reporting procedures for very small businesses, ICAS, the Institute of Chartered Accountants in Scotland has warned against the proposals which they see as ‘lowering the bar’. Interestingly they also adopt the term “micro-entities” to describe these very small businesses, which are presumablyContinue reading “Well, they would say that, wouldn’t they?”

Simpler Reporting for Smaller Businesses

The Minister responsible for corporate governance Edward Davey said today that if small businesses are relieved of the current burdens of financial reporting, they are given the “freedom to innovate and grow”, that it “ultimately benefits the entire economy” and that it is “absolutely central to the Coalition’s vision for Britain.” The discussion paper –Continue reading “Simpler Reporting for Smaller Businesses”