Since April 2008 it has no longer been a legal requirement to have a company secretary for limited companies making it easier for you to operate if there is only one person involved in your business.

Unfortunately those who wish to eliminate this role should be aware that it is not sufficient to simply complete resignation forms and send them off. Your company will have something called a “Memorandum and articles of Association” that you will have received on the formation of a new company. If formed prior to April 2008, these will have a note included which refers to rules laid out in the Companies Act which specifies that each company must have a Company Secretary. To correctly change the memorandum on the resignation of a company secretary, a Special Resolution must be passed and details of the Minutes of the Directors Meeting need to be sent to Companies House along with the resignation form.

This will not affect many of you, but if it does and you don’t deal with the change correctly, the consequences could be that certain transactions or agreements you sign could be deemed to be invalid. In addition, large organisations such as banks and councils might decide not to deal with you if due diligence tests lead them to the conclusion that you are trading illegally.

Before Easter our Morning Seminars providing you with current information to improve your businesses were proving extremely popular with our clients and referrals. We are now able to provide details of our latest seminars dates:

Thursday 23rd April – Our most popular seminar! Identifying your REAL break even point

This seminar is specifically aimed at those businesses that have been profitable in the past or are still profitable now but want to consider what options are available to them if their sales fall. The contents of the seminar include:

1. How to calculate your REAL break-even point for the year
2. The impact of pricing on your break-even point
3. The impact of tax on your break-even point
4. The 5 minute cash flow
5. What to do if you identify a problem

Thursday 30th April - How to invest my cash without a risk 

At a time when interest rates are almost non existent and the FTSE 100 index is at a 5 year low, our sister company A4G Wealth Management will show how to invest securely with the chance of a return of over 7%

Thursday 7th May - Top Ten Topical Tax Tips

Whether you are currently use a sole trader, partnership, limited company or hybrid LLP business structure, there are inevitably a few fine tuning exercises that both you and your business can use to remain tax-fit.

This seminar will explore some of the most popular and efficient ways to keep that dreaded tax bill at its legal minimum ranging from the simple but often overlooked ideas to the slightly more ambitious ideas that you may wish to implement in the coming months.

Thursday 14th May - Advanced Controls on a computerised accounts system

In the current economic climate, a good accounting system is not just about getting the bookkeeping right. This one-hour seminar will run through the financial “tweaks” that make all the difference between your system producing figures that simply keep the taxman happy and those that really tell the decision makers in the business what is going on.

Due to the budget being held next Wednesday we will be issuing our newsletter regarding the key aspects on Thursday. If you would like a laminated copy of the report please email nigel@a4gsolutions.co.uk