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…
Read MoreContractors 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…
Read MoreThe 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…
Read MoreOn 4 July 2019 Clarke Bell celebrated its 25th birthday. The firm of Licensed Insolvency Practitioners was formed in 1994 by its senior partner, John Bell, from a room in his Cheshire home. The company is now based in an office in central Manchester; and employs 18 members of staff. It’s always been an aim…
Read MoreMany contractors are still confused as to how exactly the IR35 tax changes for the private sector will impact their income and their business. The new changes are due to come into effect in April 2020, but recently UK pharmaceutical giant GlaxoSmithKline (GSK) has become the centre of a tax crackdown on so-called “disguised employment”. …
Read More