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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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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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)....
Read more...Did you know that we publish a regular business round-up? A regular weekly magazine reporting on the latest business and insolvency news. Sign-up below to get the headlines sent to your inbox or click here to read the latest...
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The former director of department store chain BHS, Dominic Chappell, has been disqualified from being a director for 10 years. The investigation into the company, which was liquidated in 2016, found that Mr Chappell wrongfully transferred over...
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A recent ruling by Chief Insolvency and Companies Court Judge Briggs may result in company directors being pursued for millions of pounds placed into tax avoidance schemes. The judgment requires shareholders and directors of Implement Consulting...
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