Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
01 September 2020
Restructuring doesn’t need to mean the end of your business – in fact, it could save itIt has undoubtedly been one of the toughest periods in living memory for Scottish businesses. As lockdown lifts, businesses will be faced with a whole new set of challenges and planning ahead will be essential. Richard Bathgate, Restructuring Partner, explains why speaking to a Restructuring adviser doesn’t need to mean the end of your business.
17 August 2020
Business resilience – the antidote for COVID-19There’s been a lot of concern expressed that an imminent rise in corporate failures is on the cards as soon as support from the government unwinds. While I think a rise is likely, I don’t feel it’s bleak as the commentators are suggesting. As with any challenging time in business, it’s not the biggest or strongest that survive, it’s those that can adapt the quickest.
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”.
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