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There are several different ways to close a company, from Creditors’ Voluntary Liquidation (CVL) to Members’ Voluntary Liquidation (MVL). The best way for you will depend on your financial situation and whether your company is solvent or insolvent. To help directors understand what paths are open to them, in this guide, Clarke Bells explains how…

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Contractors have had to face a lot of challenges in the last year or so, including Brexit, Covid and the Off-Payroll legislation (IR35). A lot of contractors have seen a reduction in their business and, in some cases, they have seen no work at all as contracts have been put on hold while hiring firms…

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When setting up a limited company, there are several duties you must be aware of as a company director. After all, a limited company is a separate legal entity from its directors. This means that there is a number of rules and duties the director must follow as outlined by The Companies Act 2006. If…

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Throughout the last year the government has set out a range of measures to help businesses struggling due to the coronavirus pandemic, including the Bounce Back Loan Scheme and Coronavirus Business Interruption Loan Scheme. The schemes are now closed to new applications, however the government has recently announced it will provide more support for businesses…

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In May 2020, the Chancellor of the Exchequer Rishi Sunak introduced the Bounce Back Loan Scheme. The scheme was designed to help small to medium businesses that were struggling financially due to the Covid-19 pandemic. Applications for the scheme were closed in March 2021, yet in the time they were open thousands of businesses took…

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