Bridal shops seem to be the latest “high street casualties” as many stores across the UK have entered into administration. Business at bridal stores has declined over the five years to 2018 with many companies struggling to adapt. At the tail end of last year, Bridal store Berketex Bride has announced that it had ceased…
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The IR35 tax changes for the private sector are set to come into effect in April 2020, but many contractors are still confused when it comes to wrapping their heads around all the complexities, and working out how it could impact their businesses. Self-employed workers are likely to see their incomes affected due to the…
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The latest insolvency statistics, that cover April to June 2019, have been released. And the figures have revealed that company insolvencies have once again increased overall, when compared to Q1 2019. There were 4,321 company insolvencies over the three months, which is 11.9% higher than the same quarter in 2018. It’s actually the highest underlying…
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The construction sector is one that is always subject to fluctuations due to external forces. And recently the sector has been hit by a range of struggles that have seen it fall into a slump. Here, we look at some of the changes that have negatively affected the construction sector… VAT changes In October, VAT…
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If you’d like to close down your company in a safe and cost-effective way, a Members’ Voluntary Liquidation could be a suitable option. What is an MVL? A Members’ Voluntary Liquidation (MVL) is a formal process that enables a solvent company to close down without excessive costs and while staying within legal guidelines. Under what…
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