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...
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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...
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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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