A professional organization of employees that focuses on fostering professional growth, networking, and advocacy without engaging in union-like activities.
A medium-sized company must meet specific criteria to qualify for certain filing exemptions, making the preparation of financial statements crucial. Companies that are public, banking, or insurance firms, or fall under certain categories cannot claim these exemptions.
A payment made to an employee or another party to cover expenses or losses incurred. Common in corporate settings for expenses like travel and entertainment.
Under UK company law, a small company is a private company satisfying certain criteria related to net worth, turnover, and the number of employees.
A small group is a classification under the Companies Act where specific size criteria meet and allow exemptions for certain financial reporting requirements.
