When managing risks, you need to set out Control Statements i.e. what you are going to do to minimise the likelihood of an adverse incident occurring and – if it does – minimising its impact. A clear understanding of your risks and achievable Control Statements is often a major competitive advantage for any company. To do this you need to understand the different types of risk management options you have available.
Please note that this article is dated November 2021. Tax rates, regulations have changed and Mushroombiz (Tlam Ltd, Tlam Technologies Ltd) disclaim any liability and you cannot rely on this information as tax advice or investment advice. To make informed financial decisions you must instruct a relevant professional advisor. The Crypto boom has been a big talking point for the last few years and it doesn't seem to be going anywhere anytime soon. If you're an individual that's made money from Crypto, then we want to offer some insights on how to manage and report your income. The deadline for...