This week (25th March 2021) the government has updated the Corporate Insolvency and Governance Act by extending the moratorium period for issuing winding up petitions and statutory demands, against companies, to the 29th June 2021  in order to relieve pressure being placed on businesses dealing with coronavirus. To help protect businesses from insolvency a number of changes were introduced […]… Continue Reading

The government has this week (16 March 2021) announced the appointment of Liz Barclay as Small Business Commissioner to ‘spearhead the national effort to crackdown on delayed invoices – which cause thousands of small businesses to close every year.’[1] The government press statement announced Liz Barclay as the first female Small Business Commissioner to take […]… Continue Reading

New statistics on company and individual insolvencies in England and Wales for February 2021 have been released by the Government Insolvency Service and reports that since the start of the first UK lockdown the overall numbers of company insolvencies have remained low compared to pre-pandemic levels.  The overall reduction in company insolvencies is in part driven by the […]… Continue Reading

We started in an old damp building with one typewriter, one photocopier, one landline phone and a fax machine in 1991, at the height of a recession.  Telephoning the office when out on the road involved finding a working phonebox and having plenty of change! In those days most businesses paid either by cash or cheque […]… Continue Reading

From today (1 March 2021) the domestic VAT reverse charge must be used for most supplies of building and construction services. The charge applies to standard and reduced-rate VAT services: for individuals or businesses who are registered for VAT in the UK reported within the Construction Industry Scheme What is the VAT Domestic Reverse Charge for Building […]… Continue Reading