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The construction sector has seen its steepest decline in regards to the number of people employed since 2010. Employment dropped by 83,000 in the second quarter of the year, from the start of April to the end of June, according to data from the Office for National Statistics (ONS). Hundreds of planned cuts The drop…

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Many industries have been hit hard during the COVID-19 pandemic, suffering a number of company failures, insolvencies and emergency re-financing. Now it appears that specialists in a range of sectors, including accountancy, investment banking and law, are preparing for a big wave of company insolvencies in the coming months. When the government-led furlough and loan…

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Contractors with a limited company/Personal Service Company (PSC) have been going through more than their fair share of turbulent times recently.  In the last two years contractors/PSCs have been bracing themselves for the impact of off-payroll legislation (IR35) on their lives and livelihoods, as the Government ploughed ahead with its plans to roll out the…

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The success of the “Eat Out to Help Out” government scheme is unfortunately unlikely to be a complete rescue package for every company in the hospitality sector, given the serious challenges they are facing. Our Senior Partner, John Bell, has written an article for CLH Digital – and in it he goes into detail why…

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A few months ago what was known as Entrepreneurs’ Relief was re-named Business Asset Disposal Relief. Many people are still uncertain about what this HMRC-approved tax relief for company shareholders is and whether they are eligible to claim it. What changed with ‘business asset disposal relief’? Entrepreneurs’ Relief was a tax relief available to shareholders…

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