With corporate insolvencies on the increase, we explore the statistics to find out what this means for businesses and how the future might be changing.
With so many businesses still facing tough times, paying back a loan can add extra unwanted pressure, but those directors who have found a solution by dissolving their company in the hope of avoiding their actions being investigated, will hopefully think twice before doing so.
Following the cost of the pandemic, it seemed inevitable that taxes would need to rise somewhere. Here is a summary of where we’re currently at.
With significant changes looking likely to happen in the budget this March that could have a detrimental effect on some business owners, now is the time to be reviewing the future.
It seems that professional services companies aren’t doing what they should be in regards to 5MLD. But is that okay, or is this something we should be taking more seriously?
It has been challenging year both for businesses and for each of us personally. I think it’s a true sign of human strength that we’ve adapted so well to survive this.
Adam Paxton works as an Insolvency Administrator at BLB Advisory, dealing with the day-to-day handling of cases.
Currently, HMRC ranks equally alongside unsecured creditors in the insolvency of a company, but these changes mean that HMRC will move up the rankings of who gets paid out first.
The Treasury has announced that it is scrapping plans for an Autumn Budget this year because of the coronavirus pandemic. But where does that leave businesses now?
As we begin the rebuilding process, the Government is going to come under increasing pressure to recoup the money spent and to plug the gap in the Country’s finances.
How can businesses avoid insolvency when they do not foresee enough improvement in cashflow to be able to pay the arrears that have accrued with HMRC?
There are many ways to bring about an end to a limited company and one of these is a process known as dissolving a company.