East Midlands-based airport Flybmi collapsed earlier this week leaving hundreds of passengers stranded overseas. With the failure of the UK’s fifth biggest airline Monarch just last summer, and Flybe recently being sold for just £2.2m, it’s clear that the UK’s…
As if Brexit and Making Tax Digital wasn’t enough for British businesses to contend with, some experts think this year’s budget will see a reduction of the VAT threshold to 43 thousand, down from it’s current 85,000 mark. Hammond’s decision,…
2018 is likely to be remembered as the year when global tax systems finally woke up to the digital age. In addition to Philip Hammond’s announcement of a sales tax on big tech, the EU has just pushed through its…
Since 2000, a quarter of pubs have closed in the UK, totalling more than 13,000 locations. Four out of five people have seen a pub close down within five miles of their home. Although the industry has been in decline…
There’s more turmoil on the high street following the last minute reprieve for the House of Fraser department stores. This time it’s Homebase, the struggling DIY chain, that’s preparing to announce the closure of up to 80 of its 250…
With current corporation tax laws taxing businesses on the basis of a physical rather than a digital presence, tech giants like Facebook, Amazon and Apple continue to generate enormous profits in Europe, while paying very low tax. As an example,…
HMRC has recently introduced new powers that will make it easier to trace and collect the VAT generated by transactions that take place on digital marketplaces. Online VAT fraud has long been a problem for HMRC, but the new measures…
We are specialists at strategic business rescue and recovery. If your business is having cash-flow problems, approaching insolvency, or you could use some immediate advice on how to handle debt or business restructuring in the best possible way, give us a…
There comes a point when the directors of a struggling business must take stock, assess their situation and try to find a viable solution that can help to bring their business back from the brink. The earlier an insolvency solution…
Whilst the lack of profitability is the largest cause of business insolvency in the long term, in the short term it is the inability to maintain a healthy level of cash flow that can provide the biggest headache for growing…
