With the current COVID-19 crisis many businesses have been hit hard, none more so than those in the retail sector. This follows several tough years which has seen many great British Brands disappear from the high street. Debenhams announcing this...
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Claims for financial support may be deemed fraudulent if the company was already in trouble when making claims and then later enters into an insolvency process. Insolvency practitioners (IPs) have been advised to remain alert to potentially...
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GUEST ARTICLE: Our colleagues at insurance recovery specialists, Flag Partners, share their insights on insurance coverage issues relating to the Coronavirus. We have had a number of enquiries regarding business interruption insurance coverage due...
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There is no one size fits all response to COVID-19, but for businesses facing the challenge there are practical actions to consider as the lockdown continues. Cashflow Prepare forecasts for the short and medium term Analyse best and worst...
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As part of the new measures to support business continuity through the COVID-19 crisis, the Government has temporarily suspended wrongful trading laws for company directors and proposes to introduce other emergency insolvency legislation to aid...
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The owner of a Chinese takeaway in Basildon has been banned for six years after he failed to submit accurate tax returns throughout the company’s existence. Effective from 27 March 2020, Zhipeng Cao (49), from Leigh-On-Sea, Essex, is banned for 6...
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A wine merchant has been wound-up in the High Court for misleading investors in unregulated investment scheme. On 17 March 2020, Dow And Jones Limited was wound up in the public interest – the Official Receiver has been appointed as...
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The impact of COVID-19 could be devastating for many businesses. In these unprecedented times, business owners are facing a myriad of challenges – how to balance employee welfare with the needs of the business and managing cashflow when clients...
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Following widespread calls to delay the legislation, the Chancellor yesterday announced further COVID-19 measures which included a delay to the previously announced IR35 reform - delayed to April 2021. The reforms enable HMRC to collect income tax...
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Budget 2020 confirmed a number of measures affecting small business including: The date from which HMRC will regain its secondary preferential creditor status for insolvencies has been extended to 1 December 2020 (as opposed to 6 April 2020)....
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