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The Public Accounts Committee have issued a report saying that the BEIS has left an “open goal” for unscrupulous fraudsters through its policy and implementation of the various loan schemes and furlough payments.
New research suggests that more than 6,000 businesses are at an increased risk of insolvency, which could affect the jobs of almost half a million people.
A recently published White Paper has reviewed the government’s position on reforming Companies House. But what’s changing and will it make a difference?
Following an increase in the use of bonds and tax deposits, we explain what they are, when HMRC might ask for one, and the process for what to do if you disagree with it.
In what has been another very difficult year for businesses, we look at the highs and lows, and whether we’re heading for a more stable 2022.
The government, conscious of the increased stress on those individuals with spiralling debts and creditor pressure, has put legislation in place to allow a breathing space where they are protected from creditor action while they take advice on how to deal with the issue.
Joint and several liability of company directors will make directors personally liable for tax debts in situations where they are suspected of abusing the insolvency framework in order to avoid paying taxes.