You may be risking your entire wealth if you’re a company director for a friend or family member. – The Age

Some owners frequently risk their family finances because they don’t fully understand their legal obligations as company directors. Owners often structure a new business as a company (as opposed to a sole trader) for tax benefits and legal protection through limited liability. Being a director has huge responsibilities attached. Photo: Jon Boyes But legal experts say many…

You may be risking your entire wealth if you’re a company director for a friend or family member. – The Sydney Morning Herald

Some owners frequently risk their family finances because they don’t fully understand their legal obligations as company directors. Owners often structure a new business as a company (as opposed to a sole trader) for tax benefits and legal protection through limited liability. Being a director has huge responsibilities attached. Photo: Jon Boyes But legal experts say many…

Tax bills, Tesco, cash machines and retirement – Spectator.co.uk (blog)

The taxmans failure to properly pursue the UKs richest people risks undermining confidence in the entire system, according to parliaments spending watchdog. The Guardian reports that the Public Accounts Committee has concluded that Britains super-rich appear to receive preferential treatment from HM Revenue & Customs. The MPs report, released this morning, scrutinised HMRCs specialist unit,…