Illegal dividends and insolvency explained
Dividends are a tax-efficient way of securing remuneration from a limited company. [Read the full blog...]Filed Under: Business Insolvency
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Taking more of your bounce back loan than you're legally allowed to
Bounce Back Loan schemes were capped at £50,000 from banks participating in the initiative in May 2020, and repayments were interest-free for a year... [Read the full blog...] -
Sole Trader or Limited Company?
“Sole trader or limited company?” is one of the most common questions we are asked by the self-employed. The decision isn’t a straightforward one, and... [Read the full blog...]Filed Under: Business Insolvency
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What’s going on with the cardboard supply shortage and what can you do about it?
We’ve spoken a lot recently about supply chain issues all over the world due to the increase in costs of raw materials Thanks to unstable global markets,... [Read the full blog...] -
What is director disqualification and what does it mean?
Becoming a company director brings with it a legal obligation to act in a proper manner when conducting company business. If you are found to have acted... [Read the full blog...] -
Number of UK companies facing significant financial problems rising
Whilst most companies tend to think of their finances in terms of quarters and conduct business according to the tax year, there’s still something about a... [Read the full blog...]Filed Under: Financial recovery
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What happens if I don't pay back my Bounce Back Loan?
In early 2020, the government established three business loan schemes in response to the COVID-19 pandemic. These were the Coronavirus Business... [Read the full blog...] -
Does TUPE apply when a company is liquidated?
There is a lot of confusion surrounding TUPE Transfer of Undertaking (Protection of Employment) Regulations TUPE regulations are designed to protect... [Read the full blog...]Filed Under: liquidation
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How to prepare for the restored VAT rate in hospitality and tourism
Currently, there is a reduced rate of VAT for the hospitality and tourism of 12.5%. In the midst of the COVID-19 pandemic in 2020, Chancellor Rishi Sunak... [Read the full blog...] -
The post pandemic return of the winding up petition
A winding up petition is the strongest action a creditor can take against your company. It is often a last resort after payments and reminders have been... [Read the full blog...]