As professional Insolvency Practitioners, all our team are required to continuously develop their professional skills. Just as importantly, keeping up to date with all the relevant news, legislation, general advice, legal changes, and HMRC guidance updates means that we can pass that information on to you.
This year the Autumn statement was a bit of a mixed bag for business and individuals. National insurance giveaways ... more
Do personal finances impact business finances? When you run a business, one of the first things any of your ... more
The jump in insolvencies in September follows a similar increase in August. However, there was a drop in July. So ... more
Bankruptcy and insolvency are not the same thing, but they are closely related. Maybe that is why they are ... more
Economic sunshine and showers. We have gotten used to having a more Mediterranean style summer in the last few ... more
It often still comes as a surprise to directors when they learn that they can claim redundancy. If you meet the ... more
Does being local matter? After all, insolvency is about logic and process, isn’t it? To answer that ... more
Warning: Insolvency Service ... more
The recent budget may well have not been much of a shake up for the economy but it did contain some things to need ... more
Can I be disqualified as a director over a Bounce Back Loan? Let’s deal with the big questions first. In ... more
What happened with Capital Gains Tax and MVLs? To be clear from the outset if you are thinking of closing your ... more
A year of financial white water 2022 started with a lot of hope, didn’t it? By the end of January Covid ... more
What’s going on in Hospitality? You cannot help but feel for pubs, restaurants, and other venues. It must ... more
It isn’t unusual that a director of a company will have an outstanding director’s loan account. If that ... more
What makes a good Insolvency Practitioner? There are some fundamental skills and experience that should really ... more
What does ‘intent to appoint administrators’ mean? If you have been keeping up with the news ... more
Green, amber, and red lights of insolvency If we were to make a list of things that directors usually tell us ... more
How bad are things for business? You can’t help but notice that the economic news is pretty grim at the ... more
Personal guarantees can be a problem when a business becomes insolvent, and directors are often concerned about ... more
What happened to the insolvency crisis? Back in what now feels like aeons ago during 2021, there were rumblings ... more
The cost of business crisis. Without knowing your expenditure, it is almost impossible to make a sound judgement ... more
The importance of honesty. There is nothing the press likes more than a celebrity scandal and former Wimbledon ... more
You have probably seen various stories in the press about Directors of businesses being caught out because they ... more
Why do people consider a Members Voluntary Liquidation? Unlike insolvency, which is driven purely by financial ... more
When the insolvency legislation was temporarily changed during the pandemic, I suspect there was a widespread sigh ... more
I heard a wonderful phrase to describe the current situation the other day. Someone said they would be glad when ... more
If you run a business and don’t currently have cashflow planning at the top of your agenda, you probably ... more
Yes, for those of you that watched ‘Game of Thrones’ you will appreciate that this is the threat of bad ... more
As you will appreciate, during the pandemic HMRC has been very busy dealing with the various support schemes, ... more
Companies in financial distress as a result of the pandemic have been protected from creditor action since last ... more
When a Company fails it is quite common that directors are excused of Wrongful or Insolvent trading. Wrongful ... more
This is the fourth time I have written about the Government extensions of the insolvency provisions brought in ... more
I the first of these BBL articles we looked at your options if you are struggling to pay your Bounce Back Loan ... more
Bounce Back Loans are becoming a big problem area and we may only be scratching the surface of the impact they may ... more
The Government has announced a new scheme to help individuals with debt problems. The scheme is described as ... more
First of all, it is fair to say this blog is very technical and probably more for our professional contacts, so if ... more
The Insolvency Service produces monthly figures for both corporate and personal insolvencies and as mentioned ... more
The answer to the question ‘when is a good time to close your solvent business’ is never an easy one. ... more
Why Groundhog Day you ask? Over the last 12 months, I have posted about various Governments measures brought in ... more
Believe it or not, it has been almost 12 months since businesses in the UK were first given an answer to the ... more
Like most people, I get several excellent emails and budget summaries every year and I would guess you do too. ... more
The Insolvency Service produce monthly figures for both corporate and personal insolvencies and to be honest I ... more
If you have been reading our blogs or social media recently you will probably have noticed that we are very busy at ... more
I am already on the third draft of this blog. Every time I managed to get pen to paper the Covid situation or ... more
Over the last few days, a number of extensions have been announced which it is hoped to assist business affected by ... more
There is no such thing as a simple way to close a business. Whether it is an administration or a liquidation, the ... more
Up until the early 2000s HMRC were a preferential creditor in cases of insolvency. When this changed in 2003 it was ... more
The Government has announced that new rules will be brought into legislation as soon as possible. The following was ... more
UPDATED 26 NOVEMBER 2020 The Government has announced extensions to previous temporary measures relating to ... more
There is a potential situation arising that could soon be causing some insolvency related issues, cashflow problems ... more
Insolvency legislation rarely makes the news which is probably why one of the biggest changes to the way it works ... more
This is a very common problem in insolvency and here is the reason why!! At some stage, a director of a new ... more
Why then are we bothering to dedicate a full article and video to cashflow forecasts if they are so common? Well, ... more
The initial shock of the lockdown. When the government announced the Coronavirus lockdown our telephone began to ... more
What happens when you reach out to an Insolvency Practitioner? I doubt any business owner ... more
One of the major aspects of any insolvency is what will happen to the employees. Any news story in relation to an ... more
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Call us on 0116 2325117 (Leicester), 01926 671891 (Warwick), 02476 017639 (Coventry), 01604 263179 (Northampton), or email us on info@smartbusinessrecovery.co.uk