It’s often the case that January is written off, what with the recovery from the pre-Christmas rush and the subsequent focus on the end of January deadlines for tax returns. But spending some time making sure that you are “business fit” will...
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Many businesses have been unable to pay the rent on their commercial premises due to closures and a cessation of normal business operations during the pandemic. New laws and a Code of Practice are now being introduced to resolve these commercial...
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We’ve looked at how to spot signs of financial distress in your business, as well as your duties as a director. Now, let’s look at what the options are for your business. Restructuring plan With this option, time and speed are...
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As R3 launch their Directors’ guide to getting #Backtobusiness, we’ve also been thinking about the importance of reviewing your business and knowing when to seek professional advice. Having worked with financially distressed businesses for...
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Here are some key points you need to consider to ensure the operational success of your business: 1. Management Information Ensure you have some and that you understand what it means. At the very least ensure that you know what cash you have...
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A legally binding agreement between a company (“CVA”), partnership (“PVA”) or an individual (“IVA”) and their unsecured creditors to repay all or part of their debt over a fixed period of time. Negotiating more time to pay your debts...
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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...
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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...
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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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