Disqualified Company Director ordered to pay over £500k by court
Dodgy directors: You’ve been warned!
Election Risk to Entrepreneurs’ Relief?
In the hunt for extra revenue, one tax relief that the Chancellor (whomever is successful) is bound to look at closely is Entrepreneurs’ Relief. How can the tri group help with solvent liquidations before its too late?
What is Entrepreneurs’ Relief?
Entrepreneurs’ Relief is an attractive relief for payers of capital gains tax, when disposing of qualifying business assets, commonly shares in a trading company. Normally this is when the business has been sold or is coming to an end for some other reason, such as retirement. It brings a reduction in the rate of tax payable to 10%, as opposed to the usual rate of up to 28%.
Are CVA’s coming of age
Particularly for the retail and hospitality sectors, the last year or so has been pretty bleak. Big names like Toys R Us, Maplins and Poundworld all disappeared from the high street, whilst a long list of others, including Prezzo, Carluccio’s, Marks & Spencer. Mothercare and New Look have shrunk.
2018 report ‘Personal insolvencies continue to rise’
The number of insolvencies of individuals in the year was 115,299, continuing a steady year-on-year rise which began in 2015. This gives the highest annual figure since 2011.
Company Insolvencies – 2019 Outlook ”Full Report”
The Insolvency Services has recently published the official insolvency statistics for 2018. As widely reported, pretty sorry reading they make. Here are our thoughts on how 2019 may look.
Spotting the Warning Signs
How do you spot the warning signs of a failing business?
Accelerated Payment Notices: a threat to your wealth
No man in this country is under the smallest obligation, moral or other, so as to arrange his legal relations to his business or to his property as to enable the Inland Revenue to put the largest possible shovel into his stores. The Inland Revenue is not slow – and quite rightly – to take every advantage that is open to it under the taxing statutes for the purpose of depleting the taxpayer’s pocket.
No, Chancellor. No, no, no, no, no.
You may be a little surprised to see us commenting on the Chancellor’s recent Budget. After all, we don’t advise on tax issues. However, deep in the small print of the Chancellor’s announcements was one piece of bad news … really bad news.