On 23 March 2021, the Treasury published a series of tax documents and consultations. Despite what many feared, the Treasury do not appear to be targeting Capital Gain Tax yet. This will be welcome news to many business owners and if you have any clients considering a solvent liquidation please give us a call. Interestingly, […]

Rishi has extended the amount of time businesses have to repay their Government backed loans, from six to ten years, under his ‘pay as you grow’ initiative. Although these loans were interest free for the first year, repayments will be beginning to kick in soon and bearing in mind that we are still in lockdown […]

The past year has been difficult for everybody. There is no doubt that many businesses will be seeking financial advice.  We have put systems in place to deal with small business insolvent liquidations quickly and efficiently and from £1,995 + VAT + disbursements.  Our MVLs start at £995 + VAT + disbursements. And no, this […]

Kwasi Kwarteng has caused a stir amongst directors of Aim-listed companies by tightening their regulatory standards, in an attempt to ‘restore confidence in companies’ following the collapse of some high-profile businesses. The long-awaited white paper, which is now in the 16 week consultation stage, is designed to put more responsibility onto the directors of these […]

If an employee is furloughed and subsequently been made redundant due to the insolvency of the company they worked for, they can make a claim for redundancy pay, as long as they have worked for the company for two years, including the furlough period, notice pay and any other money the company owes them, including […]

Corporate Insolvency Governance Act 2020 (Coronavirus) (Extension of the relevant period) Regulations 2021. Yesterday, the regulations were laid before Parliament and are set to come into force on 26 March 2021.  However there were a few amendments; The regulation on the suspension on wrongful trading which was due to end on 30 April 2021 has […]

Well we know that the pandemic has to be paid for somehow, and tomorrow, March 23, is being hailed as ‘tax day’ as HM Treasury is to roll out documents and consultations regarding how tax policies may look in the future. Although usually announced with the budget, the Government wanted more time to consider them […]

NatWest Bank are facing the first money laundering prosecution after the Financial Conduct Authority (FCA) let an investigation into the company accounts of Fowler Oldfield, a gold and precious metal dealer based in Bradford. The FCA found that Fowler Oldfield had made cash deposits into the account held with NatWest of £264m. However, the FCA […]

The director of KAD Consultants Limited (KAD) has given an undertaking not to act as a director or be involved in the running of a limited company for a period of 5 years. Keith Alan Da Costa was the sole director of KAD, which traded as surveyors in the building and construction industry before it […]