Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
27 September 2017
Corporate simplification - time for a group detox?Corporate simplification is becoming one of the top priorities for businesses. Uncertainty around Brexit and other factors are driving company boards to consider a group re-organisation to help minimise costs, reduce risk and increase transparency. But what is corporate simplification and how does it work in practice?
26 June 2017
Debt recovery – carrot or stick?We are all in business to be paid, whether that is a professional services firm like ours or you are manufacturing widgets. When customers engage, they expect to have to pay for your services or goods and when you have robust credit control procedures you would hope they would pay within your credit terms.
23 June 2017
What is a Members’ Voluntary Liquidation?A members’ voluntary liquidation (MVL) is a voluntary liquidation process by a solvent company allowing the shareholders to obtain the value of the business in cash and instead of being charged income tax on the funds a capital gains tax is applied, meaning a significant saving on taxes.
19 June 2017
Creditor services – make the best of a bad situationUnfortunately, customers and suppliers do fail. It is, if you subscribe to Robert Peston’s view, a positive reflection on the economy as he believes growth doesn’t resume at any great speed until unviable and inefficient businesses are put out of their misery. This is all well and good of course but when you are facing a bad debt from a customer or a supplier failure interrupting your supply chain, the impact on your business can be significant.
09 April 2017
How can my business improve its credit control procedures?The essence of credit control is ensuring credit is given to customers who are able to pay and that customers pay on time. So, what are the key stages to consider in creating a credit control procedure?
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