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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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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Six proactive steps to get your business ready for 2022 and beyond
It’s been a tough couple of years for UK businesses. It was reported that, in the retail sector, 50 shops a day closed in the first half of 2021, whilst... [Read the full blog...]Filed Under: Business Insolvency
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Can I close my company if it has a Bounce Back Loan or Coronavirus Business Interruption Loan?
Throughout the COVID-19 pandemic, the government introduced a range of support measures for businesses to help them stay afloat and weather the storm. ... [Read the full blog...]Filed Under: Business Insolvency
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How will the Minimum Wage increase impact my business?
In the Autumn Budget, Chancellor Rishi Sunak unveiled his plans for government taxation and spending over the coming year. This included points such as... [Read the full blog...]Filed Under: Business Insolvency
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Everything you need to know about wrongful trading
In 2020, under the Corporate Insolvency and Governance Act, existing wrongful trading provisions were suspended. This was to allow businesses to continue... [Read the full blog...]Filed Under: Business Insolvency
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Help! I can’t afford to pay my staff now the furlough scheme has ended
The Coronavirus Job Retention Scheme, or furlough as it is also known, was used in some form or another by two thirds of businesses since it was... [Read the full blog...]Filed Under: Business Insolvency
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What is a preference payment in insolvency?
When a company becomes insolvent, one of the main directors’ responsibilities is to act in the best interests of all of the company creditors.... [Read the full blog...]Filed Under: Business Insolvency
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The benefits of contacting a licenced insolvency practitioner
When a company is failing, it is usually the directors who approach a licensed insolvency practitioner for advice and guidance on what they should do... [Read the full blog...]Filed Under: Business Insolvency
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New powers given to tackle unfit directors of dissolved companies
The Insolvency Service has recently been given new powers to investigate directors of companies that have been dissolved. Previously, the Insolvency... [Read the full blog...]Filed Under: Business Insolvency