If your business is insolvent and you are hoping to sell it, then you might be interested in a pre-pack administration. This process can help organisations as it facilitates the sale of a business which finds itself insolvent. All of the negotiations pertaining to business assets happen before an administrator is appointed, which means that [...]
A company voluntary arrangement (otherwise known as a CVA) is a formal insolvency process. This is where some kind of legal arrangement will be made between a company and the creditors that it is currently in debt to. They usually span across 3 – 5 years and it’s during this time that companies will make [...]
When you die, you will want to make sure that your estate will go to the right people, be it your spouse, children, or other family members and friends. Inheritance tax can really take a chunk out of your estate and reduce the amount available to be passed on, as was seen this past year; [...]
When you die, you will want to make sure that your estate will go to the right people, be it your spouse, children, or other family members and friends. Inheritance tax can really take a chunk out of your estate and reduce the amount available to be passed on, as was seen this past year; [...]
The economy is always reasonably volatile; however, it seemed nobody was prepared for the impact of the pandemic on the country and the entire world. Organisations had to adapt and learn how to operate sufficiently in a world where all businesses had to start working from home and were unable to communicate with their customers [...]
When someone dies, the executors (or administrators if there is no Will) will be responsible for dealing with the deceased’s estate. There are a number of rules surrounding paying off the different debts and liabilities which were owed by the deceased, and these need to be followed correctly. What Happens to Someone’s Debt After They [...]
Suppose your business finds itself having financial trouble and owing money to its creditors. In that case, you will be happy to know that several methods will allow you to pay back this money effectively. One method is entering into an individual voluntary arrangement, a legally binding agreement between you and your creditors where you [...]
Throughout 2022, government support after the pandemic has steadily started to get phased out. As such, there has been an increase in insolvencies throughout the country, and this is expected to continue for the back end of 2022 and during the first half of 2023 as well. GDP across the country is expected to slow [...]
When you are a limited company, your organisation is going to be responsible for paying corporation tax on the yearly profits that you bring in. These taxes can be quite high, but you will be happy to know that there are a number of different ways you are able to reduce your final tax bill. [...]
The rules that surround your benefits and inheriting money can be somewhat confusing. If you have recently inherited some money and are wondering whether or not it will affect your benefits, then you’re in the right place. The truth is that it might, but this all depends on the kind of benefit you’re claiming. Inherit [...]
