A statutory bonus is a payout that is required by law. The payment of a statutory bonus under the Payment of Bonus Act 1965 is a matter of entitlement for the employee, not of choice for the employer.

All public joint stock companies are legally required to deduct 10 per cent of the net profits of the company to create a statutory reserve. This process should be followed each year. Add as a ...

Receiving a statutory demand can be a critical moment for any company. In this guide, Rico Dexiades, Partner at Thomson Snell & Passmore LLP, explains what it means, how to respond effectively, and ...

Statutory expenses derive from statutory accounting, a system of accounting used by the insurance industry in the United States. Most consider statutory accounting more conservative than accounting ...

The Democrat-enacted Statutory Pay-As-You-Go (PAYGO) Act of 2010 requires that Congress offset new deficits by the end of each fiscal year. Congress usually waives enforcement of Statutory PAYGO, ...

If you're looking for ways to expand your revenue streams, you may be considering offering statutory agent services. What do statutory agents (also known as "registered agents") do and what’s required ...