Insolvency guidance for directors if your company is in distress…

As the Spring flowers continue to bloom and hopefully the heat of summer is not far off, conversely we are witness to numerous chilling pressures being brought to bear on directors as they navigate through these challenging economic times. When we factor in worryingly persistent inflation, an emerging trend of rising interest rates, supply chain disruption, staffing issues, energy costs, an increasing tax burden, growing wage pressure and the consequences of the war in Ukraine, the landscape looks decidedly bleak…
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Closing your company: Strike off versus Voluntary Liquidation

The impact of the last two years
It goes without saying that many thousands of Companies have struggled since the beginning of the Covid crisis. Many of those Companies would have utilised the various schemes and assistance put in place by the government, banks and HMRC.
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Concerned about Bounce Back Loan Repayment and Furlough Fraud?

When the government was giving out Coronavirus business support in 2020 like free sweets in Santa‚Äôs Grotto – most businesses were both grateful and relieved. Few will have given much thought to the future at a time of such crisis and deep uncertainty…
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Living with rising costs in an inflationary world…

The Consumer Prices Index (CPI) rose by 5.4% in the 12 months to December 2021, its highest level for a decade, and will go higher still as we head into 2022. For pandemic-pressed businesses, the inflation reality is far worse. Their input costs are soaring by unprecedented double-digit figures, while labour rates are rapidly being pushed higher by shortages right across the UK economy.
Figure 1_ Annual CPIH inflation rate highest since September 2008
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Is your Business ready for 2022?

We start the year off with a few helpful hints to ensure your business is in the best shape for whatever 2022 throws at the commercial world. Omicron might turn out to have been over-egged, but there could also be more troublesome variants down the track. Supply chains may or may not return to normal and high inflation may turn out to be sticky, rather than only a transitory blip…
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How do I know if my company is insolvent?

There may be many reasons why a business owner or director continues to trade a distressed business rather than seeking professional assistance. In the present circumstances, where government support has propped up businesses, it may even be the case that your company has become insolvent without you realising it…

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Is your accountant doing enough for you and your business?

Do you feel supported and valued by your accountant? They may be keeping your books and your tax returns up-to-date, but are they genuinely interested in your business goals and future plans? Do they keep on top of changes in your sector or advise you on the business support you may be entitled to?
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Unlocking the value in your home…

The number of people using equity release schemes fell last year as older homeowners grew more cautious.

Older homeowners seemed to be more reluctant to release cash from their homes in 2020, according to the Equity Release Council. Data from the trade body shows drawdowns from lifetime mortgages fell by 21% last year and 10% fewer plans were agreed than in 2019.
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