Business Tips

The construction industry is not an easy one to work in, especially for small enterprises and sole traders. It is an industry that demands a significant amount of effort from those that work within it, and can be quite competitive in some cases. Unfortunately, some companies can take this competitiveness to an unpleasant level, attempting…

If your company is facing financial difficulties, such that repaying creditors on time becomes impossible, then it is likely that your company will receive a CCJ, or County Court Judgement, before long. Alternatively, a CCJ could be issued as a result of director mistakes, such as being disorganised in their creditor repayments. Regardless of how…

Every year, HMRC collects a substantial amount of money through Corporation Tax. This figure has increased significantly in recent years, even breaking annual collection targets. While this could be partially due to increased revenue from businesses translating into higher tax income for HMRC, it is also due to a lower tolerance for tax evasion. Although…

Corporation Tax is an expense all companies must budget for. It is a tax linked to a company’s profits and must be paid every twelve months as part of a company’s year-end accounts. However, although it is a regular expense, it is not uncommon for directors of struggling companies to fail to budget for their…

For struggling companies, regaining control over their finances is paramount. If their financial situation continues to deteriorate, insolvency is highly likely, which carries a range of negative consequences for the company and its directors. As such, any tool that can be used to help remedy the situation should be strongly considered. One such tool is…