General business issues The factsheets in this section answer some of the most commonly-asked questions from business clients - contact us for advice tailored to your needs. Accounting package selection Selecting the right accounting package can be difficult. What should you consider when making your selection?Data security - Data Protection Act The key compliance issues are observed when looking at data protection and the Data Protection Act.Limited liability partnerships The key features of a Limited Liability Partnership.Money laundering Recent times have seen tough new rules introduced to crack down on money laundering and the proceeds of crime. The rules affect a wide range of people and we consider how your organisation may be affected.Bribery Act 2010 This factsheet gives an overview of the procedures you must put in place in relation to the Bribery Act 2010.Company secretarial duties This factsheet considers what company information has to be made available and looks at whether a company secretary needs to be appointed.Directors’ responsibilities Becoming a director carries with it potentially onerous duties. Make sure you know what those duties are. This factsheet gives guidance on directors’ responsibilities.Grants We consider if your business is eligible for a grant.Preparing for your accountant Whether we are producing your accounts or carrying out tax compliance work, being prepared for us will ensure our work is carried out smoothly and efficiently and with the minimum disruption to yourselves. This factsheet highlights many of the ways in which you can help.Valuing your business There are many reasons why you may need to calculate the value of your business. This factsheet consider the range of methods available as well as some of the factors to consider during the process.Cash basis for the self-employed Small unincorporated businesses can calculate their profits for tax purposes on a cash basis rather than the normal accruals basis. We look at the optional rules that allow for this, while also taking in the key tax points.The value of outsourcing Which functions could you outsource?Keeping financial records What records should you keep – and for how long?Pricing strategies Different approaches to setting a price.Strategies for increasing revenue Including the product/market matrix.Selling your business An introduction to the issues involved in a business sale.