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…
Read MoreWhen 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…
Read MoreThroughout 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…
Read MoreThe past year has been difficult and challenging for thousands of businesses across the UK. With many experiencing the knock-on effects of the COVID-19 pandemic and subsequent lockdowns and restrictions. Many businesses have experienced a loss of income. Have had to close altogether or drastically change the way they operate amidst a tough financial climate.…
Read MoreIf your business is struggling financially there are several options open to you. From liquidation, which closes the company altogether, to options for business rescue. The goal of business rescue is to return a company to profitability. This is typically carried out and overseen by a licensed Insolvency Practitioner who genuinely believes the business can…
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