INSOLVENCY & LAW
Insolvency & Law Articles
Directors are Wrong to Think They Can Avoid Taxman
The 10-year prison sentence a Yorkshire woman recently received for her part in a VAT scam described as ‘brazen and…
Section 127 of the Insolvency Act: Stop Spending If You Receive a Winding Up Petition
If you’re a business owner and expecting difficult financial times ahead, now’s the time to educate yourself on insolvency legislation…
What’s More Important: Managing Debt or Bad Practice?
Last year, I advised a company that went bust owing £100,000. The Insolvency Service sought to have the company’s director…
Creditors Voluntary Liquidations Will Be Popular in 2011
Thousands of struggling company owners will voluntarily close their businesses this year, and most of those that do will use…
Always Read the Small Print of Finance Agreements – the Devil’s in the Detail
Over the past year, Yorkshire businessman Keith Elliot has launched a campaign to highlight what he claims are unscrupulous banking…
New HMRC Scheme Punishes Small Businesses Owners
Up to two million small and medium sized business that fail to keep up-to-date records and are likely to pay…
Is Vince Cable Brave Enough to Take on the Insolvency Industry?
When we blogged about David Cameron’s u-turn on insolvency reform back in October, who would’ve imagined that Business Secretary Vince…
We Pay the Price When HMRC Bends Rules for Football Clubs
Accusations of corporate tax avoidance have plagued Top Shop owner Sir Philip Green and telecommunication giants Vodaphone in recent weeks,…
Corporate Insolvency to Rise in 2011, Despite Xmas Boost
Research carried out by insolvency trade body R3 has found that nearly 50 per cent of UK businesses are currently…
Insolvency Fees and Charges: Honda Dispute Highlights Need for Reform
A recent court ruling into the conduct of administrators at BDO and PKF highlights the need for an independent review…
If Your Business is in Debt, a Winding Up Petition Could Follow Sooner than You Think
Around one in five businesses in the UK are worried about the amount of debt they currently owe creditors. Whilst…
Improved Business Models, Not Foreign Players, Will Save English Football
Over the past five months, I’ve posted several blogs highlighting the need for executives and club chairmen to change their…
Winding Up Petitions Increase, But Are They Being Served Correctly?
Winding up petitions issued by creditors against firms based in Central London increased by 39 per cent in October 2010…
Why Have HMRC’s Time to Pay Schemes Plummeted? It’s All Politics, Darling
Official figures have revealed a rapid drop in the number of Time to Pay (TTP) schemes approved by HM Revenue…
Suits You Administration is a Sign of Things to Come
British clothing retailer Suits You has collapsed into administration just eight months after entering a company voluntary arrangement (CVA), which…