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…
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…
Our aim is to bring strategic business rescue to men and women just like you all over the country. If your business is having cash-flow problems, approaching insolvency, or you could use some immediate advice on how to handle debt…
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…
If you’ve exhaustively chased a customer and there’s still no sign of a payment, it’s time to consider the possible legal action you can take. Sometimes, there’s simply no choice but to to escalate the situation further to ‘encourage’ a…
If there’s one aspect of running a business that’s sure to frustrate, enrage and even keep business owners up at night, it’s late payments. We’re preaching to the converted here, because almost every small business owner out there will have,…
