It is not actually against the law to continue doing business when you are insolvent. However, the leeway for insolvent trading only applies up until a certain point. If you owe a creditor more than £750 and have failed to…
There’s nothing unusual about the director or owner of a limited company deciding to hire an accountant to help meet the company’s tax and accounting responsibilities. But what happens when things go wrong? What is the director’s responsibility for accountancy…
Making insolvent company transactions even with the most innocent of motives can be misinterpreted. Before entering into a formal insolvency procedure, a company director or office holder may seek to protect their financial position by putting assets beyond the reach…
If you’re the director of a limited company, it is essential you are aware of your director legal responsibilities. Every director has legal obligations they must meet. Failure to do so and you risk a range of reprisals that include…
Preserving a business’ commercially sensitive data and intellectual property (IP) in insolvency situations has been made more difficult by the rise in remote working. Remote working is on the up, with recent research linking remote working to an increase in…
Businesses can run into financial difficulty requiring company rescue for a number of different reasons. Late payments could contribute to a lack of liquidity that makes it impossible to pay debts when they fall due; you might rely too heavily…
As a team of company rescue and corporate insolvency experts, we spend a lot of our time working with companies that need help addressing cash-flow problems they are struggling to reconcile alone. Sometimes we have to explain that debt is…
Consultancy help is not always readily available as most first time consultants will now. If you’re ready to escape the rat race as you know it and swap the safety and security of a staff job for the riskier, potentially…
If you currently run a sole trader or a partnership, then there’s every chance you’ve taken a look at the possible tax perks of incorporating your business and decided now is the time to become a limited company. The actual…
The Accelerated Payment Notice (APN) was introduced in 2014 as a method of recovering more than £2 billion worth of unpaid tax and National Insurance contributions that companies might have thought was beyond the reach of HMRC. HMRC was concerned…
