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 […]
2nd March 2021
Coronavirus support: MPs call for HMRC to refund small businesses

Coronavirus support: MPs call for HMRC to refund small businesses

An influential panel of MPs has called on Rishi Sunak to introduce tax refunds for any small businesses and the self-employed workers that have incurred losses due to Covid. Ahead of the Chancellor’s Budget on […]
25th February 2021
Government support keeping companies afloat, despite coronavirus

Government support keeping companies afloat, despite coronavirus

The number of companies pursuing insolvency action in January 2021 was more than half the corresponding number for January 2020, despite the impact of the coronavirus pandemic. Just 752 registered company insolvencies took place in […]
24th February 2021
Call for new tax to wipe out personal Covid debt

Call for new tax to wipe out personal Covid debt

Former Shadow Chancellor John McDonnell has called for a new windfall tax on anyone that has profited from the pandemic, to help ‘wipe the slate clean’ for households that have accrued debt during the crisis. […]
19th February 2021
Could a CVA rescue your business from coronavirus?

Could a CVA rescue your business from coronavirus?

The coronavirus and some of the measures taken to try and stop it from spreading have had a huge impact on businesses in the UK. While businesses in a select few industries have seen a […]
17th February 2021
450,000 fall into housing debt because of pandemic

450,000 fall into housing debt because of pandemic

Close to half a million people have fallen behind on rent or mortgage payments because of the coronavirus crisis. Out of an estimated 750,000 people in housing payment arrears, around 450,000 are in debt as […]
12th February 2021
Number of UK-listed companies at risk of insolvency doubles

Number of UK-listed companies at risk of insolvency doubles

The number of companies listed on the UK stock market at risk of insolvency has doubled in the last 12 months according to an analysis of profit warnings by EY. Coronavirus restrictions contributed to a […]