If you’re looking to retire and take reserves out of your company, a Members Voluntary Liquidation may be the best strategy Economic downturns are often seen as a time of opportunity for those willing to face the challenge head on. Contemporary...
Read more...
Provisions added to Finance Bill ensure funds received through coronavirus business support schemes are included as revenue for income tax and corporation tax purposes. Recent amendments were made to the Finance Bill which is currently being...
Read more...
A key provision of The Corporate Insolvency and Governance Act which came into force on 26 June 2020, is to introduce a corporate moratorium – an extendable 20-working day period giving businesses protection from creditor action while they seek...
Read more...
Director of Sandy Hill Food and Wine Limited, Harmon Singh Madhan has been disqualified from being a director for 5 years. The investigation into the business, which ceased trading on 04 March 2019, found that Mr Madhan failed to ensure that Sandy...
Read more...
The Corporate Insolvency and Governance Act has received Royal Assent and came into force on 26 June 2020. The Act, which raced through Parliament in a matter of weeks, introduces new corporate restructuring tools and temporary easements to give...
Read more...
Despite various business-saving measures, as the COVID-19 crisis continues, it’s increasingly likely that more businesses may confront the realities of insolvency. If your employer is unable to pay creditors it may have to enter a formal...
Read more...
On 20 May, the Department for Business, Energy and Industrial Strategy (BEIS) announced the new Corporate Insolvency and Governance Bill. The Bill presents a significant reform of the insolvency and corporate governance framework and introduces...
Read more...
Throughout the remainder of the coronavirus (COVID-19) pandemic and for the immediate future, the Insolvency Service has committed to releasing monthly company and individual insolvency statistics for England and Wales, and monthly company...
Read more...
A Time to Pay (TTP) Arrangement with HMRC is an agreed debt repayment plan for your outstanding taxes. Companies that are likely to miss or have missed payments to settle their Corporation Tax, VAT and/or PAYE can ask HMRC for extra time to...
Read more...
Director of Proudley Farms Limited, David Paul Proudley has been disqualified from being a director for 6 years. The investigation into the business, which was liquidated on 25th March 2019, found that Mr Proudley failed to ensure that Proudley...
Read more...