Corporate Insolvencies Up By 48%
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.
New Powers for the Insolvency Service
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.
Where Are We Now? – A Guide for Business Owners
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.
Pre-Budget Business Decisions
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.
5MLD – Is It Time We Took It More Seriously?
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?
Looking Forward to 2021?
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.
Meet Adam Paxton
Adam Paxton works as an Insolvency Administrator at BLB Advisory, dealing with the day-to-day handling of cases.
The Impact of HMRC Gaining Preferential Creditor Status
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.
Budget Scrapped But Business Owners Should Still Be Wary
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?
The Future of MVLs as Changes to CGT Lie Ahead
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.
A Time to Pay Arrangement – the key to avoiding a formal insolvency?
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?
Dissolving a Company – What do I need to consider?
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.
