Contractor Problems Why IR35 is causing more issues for contractors when they go to close their companies… The last 15 months the contractor market has taken a huge battering and the pain has been felt in every sector across the contractor market. As if the looming threat
Read more →In April this year, the IR35 tax reforms meant huge changes for the contractor market. The changes mean that many directors out there who run personal services companies no longer need their ltd company. If you’re a contractor who has had to take full-time employment or work
Read more →5 Firms Closed By Insolvency Services Over Bounce Back Loan Fraud It’s been announced that the insolvency service has wound up 5 companies recently found to have made fraudulent claims for Bounce Back Loans and CBILS. One director has been disqualified after fraudulently claiming a £50,000 Bounce
Read more →Help I can’t pay back my bounce back loan The first thing to remember if you believe you can’t pay back your bounce-back loan is not to panic. With the support and expert advice, we can help you. What is a bounce-back loan? Bounce back loans were
Read more →Another way to keep your business afloat and avoid liquidation is to enter into something called a company voluntary arrangement or CVA for short. A CVA is a legal agreement with your company’s creditors to pay them back over an extended period of time out of future
Read more →HMRC HELPING BUSINESSES WITH COVID ARREARS UK Business secretary has announced HMRC will be taking a ‘cautious approach when it comes to collecting overdue debts built up over Covid-19. This announcement will no doubt come as a huge relief to thousands of business owners who still owe
Read more →How to avoid liquidation I can’t pay back my Bounce Back Loan and my company is drowning in debt! It’s not just Bounce Back Loans that need repaying, many businesses have built up arrears with rent, VAT, PAYE, Corporation tax as well as supplier debts. It’s no
Read more →I’m worried about paying back my bounce-back loan – what can I do? Many directors are now being asked to start repaying their bounce-back loans even though many businesses have still not fully recovered. This week I’m going to be running through what options are available if
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GOVERNMENT EXTENDS BAN ON COMMERCIAL EVICTIONS! A commercial lease moratorium was extended by another 9 months yesterday meaning landlords can not evict tenants out of their premises until at least March 2022. A report suggests that almost £6 billion worth of unpaid rent has built up over
Read more →With Government Support Finishing Soon – What’s Your Plan? The end of the support doesn’t mean the end of your business! Various forms of support that have been available throughout the pandemic are soon coming to an end. Business rate relief, the furlough scheme, grants from the
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