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Plans to relax accounting rules for small UK firms ‘risks rise in economic crime’ | Business
The federal government has been accused of watering down initiatives to beat financial crime after placing forward proposals that could minimize transparency close to smaller organization accounts. It explained it was reviewing the form of reporting burdens confronted by the UK’s smallest organizations in the hope of cutting down the value and time essential to develop general public accounts to a level of depth that it claimed was “only necessary for more substantial companies”. The small business department claimed those people needs, which it claimed have been at first component of EU principles, have been distracting firms from concentrating on development and building positions. “This will enable the UK’s firms…
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Pandemic Prompts Officials to Relax Rules on Home Businesses
It took 16 years, a local election and a global pandemic for Jonathan Holtfreter to secure his right to teach tuba in peace. The retired music teacher, a resident of Ann Arbor, Michigan, had for decades supplemented his public school salary by teaching private lessons at a nearby music store or in his home’s soundproofed basement. But since 2005—when a neighbor complained that the home lessons and the parked cars they invited violated Ann Arbor’s city code—Holtfreter has tiptoed around his business, booking fewer lessons than he otherwise could and exhorting students not to park where the neighbors might see them. He had little hope of changing the rules: The…
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