Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
05 August 2020
HMRC preferential creditor status restored – what this means for lenders and directorsHMRC’s secondary preferential creditor status was restored on 22 July when the Finance Act 2020 received Royal Assent. This makes HMRC, once again, a priority creditor to pay when a company goes into administration or liquidation from 1 December 2020.
07 July 2020
Business as usual in a global crisisDonald McNaught reflects on the UK Budget announcements in March and explains that delayed IR35 changes remain on the horizon, and contractors will still need to wind up their personal service companies.
27 May 2020
Corporate Insolvency and Governance Bill - the biggest corporate insolvency change in a generationThose of us who have been working in insolvency since the nineties will remember the seismic change brought in by the Enterprise Act in 2003. Corporate insolvency had largely remained unchanged before then since 1986! Roll forward 17 years and we welcome a new Bill which, per the Insolvency Service, is intended to “help companies to maximise their chances of survival, protect jobs and support the country’s economic recovery”.
01 April 2020
Coronavirus - Coronavirus (Scotland) Bill 2020The Scottish Government has passed the Coronavirus (Scotland) Bill 2020 in response to the current worldwide pandemic. This bill allows the government to implement various measures if, and when, required.
18 March 2020
Coronavirus - director responsibilitiesWe understand that this is an incredibly challenging time to be a director of a company and our dedicated teams are here to share the load.
Have a general enquiry? Get in touch.