One of the benefits of running a limited company is that Directors can take the majority of their remuneration as dividends, which is typically a more tax efficient method than taking a PAYE salary. The timing of dividend payments must be...
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Two company directors who provided prospective shareholders with false information to secure millions in investments have been banned for a total of 17 years. Lee Anthony Skinner has been banned for 10 years, while Karen Ferreira has...
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Proposals have been outlined by the government to increase the financial eligibility criteria for debt relief orders (DROs), helping more people deal with financial difficulties to get a fresh start. Research shows that the demand for debt advice...
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HM Revenue & Customs (HMRC) has increased the threshold for Self-Assessment taxpayers to use its online self-service Time to Pay payment plan service from £10,000 in tax liabilities to £30,000. This has been put into place to help...
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Latest company and individual insolvency statistics remain low. The latest monthly release of insolvency statistics for England and Wales was published on 15 January 2021. * Overall numbers of company and individual insolvencies have...
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Construction firms are likely to face a significant squeeze to their finances when new rules on how VAT is collected by the building and construction industry come into effect 1st March 2021. The changes - the Domestic Reverse Charge (DRC) -...
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Latest company and individual insolvency statistics remain low. The latest monthly release of insolvency statistics for England and Wales was published on 15 December 2020. * Overall numbers of company and individual insolvencies remained...
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Government (belatedly) reintroduces suspension of wrongful trading rules The wrongful trading suspension was reactivated by the UK Government last week. What does this mean? In insolvency, directors that side-step their legal and fiduciary...
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BACKGROUND: An established chain of beauty salons sought our advice after a culmination of specific and extraordinary trading issues resulted in severe cash flow problems. The Company assets were secured against a long-term loan and a bank...
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Latest company and individual insolvency statistics remain low. The latest monthly release of insolvency statistics for England and Wales was published on 13 November 2020. * Overall numbers of company and individual insolvencies remained low in...
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