Business LPAs are basically the same as personal LPAs, except as the name suggests, they relate to your business affairs rather than your personal ones. What is an LPA? An LPA is a legal document that allows you to appoint someone (known as an Why should I have an LPA? If you are a business owner, it is important to consider what would happen if you were unable to make decisions, eg if you were to have an accident, if you had an illness which incapacitated you or if you were abroad and not contactable for any reason (either on holiday or for In those circumstances, it is important to consider who would pay salaries, authorise the payment of bills or service business loans. Many people just assume that a colleague or family member would be able to make those decisions on your behalf, but that assumption can leave you and your business exposed to considerable risk. Does everyone need a business LPA? No, this very much depends on the type of business you own. If you are a sole … [Read more...] about Why should I have a business Lasting Power of Attorney (LPA)?
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A postmaster claims he has been left with no choice but to close a branch in Nuneaton. Satyan Kotecha has spoken out after the Post Office confirmed the Tomkinson Road branch will be closing at the end of the month. Mr Kotecha said his decision to resign was not made lightly and there were a number of factors behind it - including an alleged lack of support from Post Office bosses. In an open letter, Mr Kotecha said: "It was a difficult decision particularly as we feel we provide a valuable service the local community, particularly to the elderly. "We have discussed a number of options with the Post Office such as reinstating our core payment, reduction in opening hours or allowing us to offer more service. None were progressed leading to the resignation. "The Post Office also made no offer of appointing a new post master, we would have been happy for them to do this and still are, they may in fact operate from our premises without rent for 12 months should they choose to do this. "We … [Read more...] about Postmaster speaks out after decision to close Nuneaton branch
There are manufacturers, retailers, building firms and car dealerships, among others, and the list of Plymouth’s largest firms shows just how diverse the city’s economy is – and how much cash it is generating. The lineup comes from the Western Morning News’ Annual Business Guide, 2019, which contains a chart showing the 150 biggest businesses in Devon and Cornwall. The data for this year's list has been compiled by Annual Business Guide partners PKF Francis Clark and supported by Gallagher, Natwest and Cornwall and Isles of Scilly Skills Hub. For the first time, the Top 150 has been ranked by turnover rather than employee numbers. We have also included companies that are based in the Plymouth travel-to-work area, so that includes South East Cornwall, and those that may be headquartered outside the city but have a Plymouth base or are active in the city. 1 Pennon Group Plc (South West Water, Viridor) Turnover: £1,396,199,936 Employees: 5,014 From tackling … [Read more...] about Ranked: Plymouth’s 50 biggest businesses in 2019
“When you look after small business,” Sajid Javid said last week, “you look after Britain”. But too often, he admitted, the government has focused its attention elsewhere – big government finding it easier to talk to big business than small. Britain has an enviable record of company creation. Indeed, alongside our stellar job creation rates, it is one of the jewels of our economy. Yet in terms of scaling up those countries, we lag well behind: in OECD rankings, we came 13th out of 14 in terms of the proportion of businesses that grow to have 10 or more employees within three years. Part of this is about investment. In 2017, a Centre for Policy Studies paper by Rishi Sunak MP highlighted the financing problems faced by SMEs, proposing the creation of a new Aim-style bond market to ensure that SMEs get the funding they needed. But much of it is about our general business environment. The way we treat businesses all too often resembles the shaving … [Read more...] about Britain’s small businesses deserve a simpler, fairer tax system
A Perthshire businessman has been left “£2000 out of pocket” after a takeover bid for a post office branch fell through. Owner of News Direct in Bridgend, Ian Morgan, placed an offer to reopen the Scone branch, which has been closed for over four months, spending the money on legal fees in order to strike a deal. Negotiations have been ongoing since the previous operators abruptly left the service at the end of January, with his intention to also take over half of the adjoined uSave premises. Post Office chiefs also asked Ian to wait until a separating wall in the store was rebuilt and the post office returned to its original location. However, the future of the controversial Scone branch remains shrouded in uncertainty after Ian was forced to pull out because the requirements placed on the owner were “not sustainable.” He said: “It’s a complete non-starter. “The work hasn’t started. Nothing has been done at all. The Post Office has … [Read more...] about Deal for takeover of Scone Post Office falls through