Article by Laura Walshe of The Business Debt Advisor Many business owners and directors will be aware of the company director disqualification regime, which has been in force for more than 30 years. Each year approximately 1,200 directors are made subject to either a disqualification order, or an undertaking which...
Closing down Contractor companies – solvently or insolvently
Bev Budsworth MD of The Business Debt Advisor IR 35 Changes The Government has confirmed the IR 35 extension into the private sector and that this will apply to services carried out from 6 April 2020. This only relates to companies which are not small under Companies Act 2006 who...
Research shows that 1 in 5 UK businesses in financial stress
Article by Laura Walshe of The Business Debt Advisor Recent research by KPMG highlights that as many as one in five UK companies are in a position of financial stress. Economic uncertainty gave rise to a particularly tough year for the building and construction industry and the real estate and...
UK Government warned against cutting Entrepreneur’s Relief
Article by Laura Walshe of The Business Debt Advisor Under the current legislation it is possible to pay less Capital Gains Tax when selling, or disposing of, all (or part) of your business. Entrepreneurs’ Relief enables a business owner to pay tax at 10% on qualifying assets and gains, after...