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Fraud

Improving Financial Outcomes — The FCA’s Three-Year Strategy

Most people would agree that the financial sector has been in dire need of more targeted regulation — and, on the whole, those companies that have always operated ethically would also agree. In a sector tarnished by everything from the LIBOR scandal to consumer scams, tougher regulations should allow firms already meeting or exceeding those standards to get a head-start. What’s the Background to the Strategy? S
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You Could Be Disqualified as a Director for Failure to Keep Accounts

You have a lot on your plate as a business owner, and keeping your accounts up to date might seem like something that can be put off till you have more time. This is unwise, even if nothing goes wrong, but there are circumstances when getting caught with your accounts undone could lead to disqualification as a Director. The Case of Mitchell Smith The government has recently announced the disqualification of Mitchell
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Why You Should Always Ask for Payment Up Front

If you’re offering services to clients, you have the choice of whether to request payment up front, allow them to pay after delivery or set up a payment plan. Many business owners shy away from asking for up-front payment, fearing it will make them less attractive to prospects. However, this can lead to situations of having to pursue the client through the courts for unpaid invoices — or even having to write th
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Are You Having Problems Repaying Your Bounce Back Loan?

Bounce Back Loans were a key plank in the government’s strategy for supporting SMEs through the Covid lockdown. Payment was deferred for a year, which for many seemed too far ahead to worry about — but we’re now into the second repayment month. So how is it going? What Were the Bounce Back Loans? So much has happened since last spring, when the scheme began, that even if you have a loan your memory of its
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Is Your Debt Statute-Barred under the Limitation Act?

If you’ve owed a debt for a long time (or if you’re a creditor) it’s important to understand there’s a time limit, beyond which a creditor can no longer take certain actions. However, there’s a lot of uncertainty about when a debt is or isn’t “statute-barred” — and what exactly that means. What Is “Statute-Barred”? A debt is statute-barred when no action has been taken to recover it for a specified time (usually six
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Summer’s here with a vengeance!

Depending on your circumstances you’re probably either enjoying yourself lying in the sun or suffering on an overheated, overcrowded Tube train. Because, there’s good and bad in most circumstances, even being owed money. The bad is obvious. The good is that you have the chance of ending up with more than you have now, but that means you have to go after it. Feel free to get in touch with SJ Collections if
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Don’t Be a Victim of Fraud While You’re on Holiday

The chances are you’re looking forward to a holiday over the summer, whether your tastes involve lying on a beach or something more active. If you’re running your business efficiently, there shouldn’t be a problem about taking a couple of weeks off to enjoy a well-earned break. However, there are potential dangers. There have been a number of cases where an employee has received a very plausible ema
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Fraudsters Are Running Rings Round Right to Let

As I reported in the spring, the government has introduced tougher measures against landlords who fail to meet their regulations. One of the most controversial of these is the Right to Rent rules, obliging a landlord to make sure all tenants are in the country legally. This has created a whole extra layer of bureaucracy for landlords and letting agents. The BBC has revealed, though, that fraudsters are making their p
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Naming and Shaming London’s Rogue Landlords

The house has put the initiative in the rental market firmly in the hands of landlords, and while many act responsibly, there are enough exceptions to create a problem. A recent survey revealed that 60% of London’s private renters suffer from leaks, inadequate heating or infestations, with little choice but to put up with it. However, London is now set to take a leaf out of New York’s book and start naming and shamin
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Infringement of Patents and Intellectual Property

If you own a company, it’s likely that you also own patents or intellectual properties. These can be valuable assets, and violation could result in someone taking profits that are legally yours, so it’s important to be vigilant for any infringement of your rights. A patent, as long as it’s renewed annually, restricts commercial exploitation of an invention to the holder or anyone they’ve licenced. Even if you’re the
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