McAlister | Blog | Business Insolvency

February 17, 2023 by Sandra

The six different types of insolvency explained
The difference between insolvency and bankruptcy Insolvency occurs when a company or individual is unable to pay its debts as they face financial... [Read the full blog...]
Filed Under: Business Insolvency
December 20, 2022 by Sandra

When is the right time to tell employees that your company is insolvent?
In some unfortunate cases, insolvency is inevitable - and sadly, the effects will not only be felt by you and any other directors, but also by your... [Read the full blog...]
Filed Under: Business Insolvency, Trading
May 11, 2022 by Sandra

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
April 20, 2022 by Sandra

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
December 2, 2021 by Sandra

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
November 24, 2021 by Sandra

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. Two... [Read the full blog...]
Filed Under: Business Insolvency
November 22, 2021 by Sandra

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
October 19, 2021 by Sandra

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
October 11, 2021 by Sandra

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
August 2, 2021 by Sandra

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