23rd July 2021
Can company directors be held personally liable for Bounce Back Loan repayments?

Can company directors be held personally liable for Bounce Back Loan repayments?

The Government’s Bounce Back Loan Scheme was introduced at the height of the coronavirus pandemic. Borrowing up to £50,000 with no fees or interest to pay for the first 12 months was a lifeline for […]
13th July 2021
HMRC will go easy on business debts, but accountants should still prepare for increase in insolvencies

HMRC will go easy on business debts, but accountants should still prepare for increase in insolvencies

HM Revenue and Customs has signalled that it will go easy on company debts as businesses recover from the coronavirus crisis. In a letter sent by business secretary Kwasi Kwarteng said that HMRC will adopt […]
1st July 2021
New Guide for Directors of Companies in Financial Distress

New Guide for Directors of Companies in Financial Distress

Company insolvency and restructuring trade body R3 has produced a new guide for directors with companies in financial distress. The guide has been produced as part of R3’s post-pandemic Back to Business campaign, which has […]
24th June 2021
Government extends business creditor insolvency measures

Government extends business creditor insolvency measures

A series of measures to support businesses through the coronavirus pandemic are set to be extended again. Measures designed to protect companies from aggressive creditor enforcement were due to finish at the end of June […]
31st May 2021
Can't pay your VAT bill? Here's what you can do

Can’t pay your VAT bill? Here’s what you can do

Can’t afford to pay your company’s Valued Added Tax (VAT) bill? It doesn’t need to be the end for your business. You may be able to negotiate a repayment plan with HMRC or you could […]
28th May 2021
Insolvency investigation loophole set to close

Insolvency investigation loophole set to close

A loophole that allows directors to avoid investigations into their conduct following an insolvency is set to close after new legislation had its first reading in parliament. Director investigations are always carried out by the […]
30th March 2021
winding up your limited company

Solve IR35 Woes with Umbrella.UK Insolvency

IR35 rule changes pose a significant challenge for limited company contractors that work closely with their clients. If you’re a contractor, there is a strong chance that you will be caught out by IR35 if […]
16th March 2021
Nearly half of UK SMEs applied for financial support in 2020

Nearly half of UK SMEs applied for financial support in 2020

More than four in ten (45%) small and medium-sized businesses applied for external financial support last year, according to research from the British Business Bank (BBB). Gross bank lending (excluding overdrafts) to smaller businesses rose […]
12th March 2021
Budget 2021: Bold enough to save British business?

Budget 2021: Bold enough to save British business?

Critical problems call for bold solutions. For British businesses, problems don’t come much bigger than the coronavirus pandemic that has plagued the UK for close to a year now. Last year, decisive policies such as […]
4th March 2021
Budget: Chancellor extends financial support in shrinking economy Rishi Sunak has announced that some important coronavirus support measures will be extended until September.

Budget: Chancellor extends financial support in shrinking economy

Rishi Sunak has announced that some important coronavirus support measures will be extended until September. The Chancellor also said that the economy shrank by 10% last year and that some tax changes would be needed […]