Chancellor increases Capital Gains Tax (CGT) on Business Asset Disposal Relief (BADR) from 6th April 2025
BADR tax advantages still available for Members Voluntary Liquidations (MVL) at the current 10% tax rate until 5th April 2025 The Chancellor did not scrap BADR in her budget on 30th October as many had predicted, but she did increase the current Capital Gains Tax rate that applies to BADR from 10% to 14% for […]
Shelter from the storm. Administrations can give the breathing space insolvent companies need
Creditors’ Voluntary Liquidations (CVLs) are at historically high levels. Nitin Joshi* makes the case for Administrations. The corporate landscape can be like a post-dystopian Darwinian experiment in which only the well-funded survive. It is hard to think otherwise. Corporate carnage in recent times has been rife with carcasses once throbbing with trading activity littered all […]
Mental Health and Insolvency – World Mental Health Day 10th October 2024
The focus of this year’s World Mental Health Day is ‘Mental Health at Work’ The World Health Organisation’s (WHO) World Mental Health Day takes place on 10th October 2024, with the specific aim of ‘highlighting the vital connection between mental health and work’. As the WHO points out: “Safe, healthy working environments can act as […]
Budget October 30th 2024 – Are you selling or closing your solvent business? Don’t miss out on Business Asset Disposal Relief!
Business Asset Disposal Relief (BADR) is still available for Members’ Voluntary Liquidations. Act quickly to be sure of taking advantage of the current 10% tax rate. When business owners decide to sell or wind-up their solvent company using Members Voluntary Liquidations (MVL), they might be eligible for Business Asset Disposal Relief (formerly known as Entrepreneurs’ […]
Spotting the signs of directors burn out
When a director is suffering the physical and mental effects of too many long hours and stress it can lead to the business suffering too, and if the signs are not spotted the business can end up in distress and the need to speak to an Insolvency Practitioner. The latest Insolvency Service figures show that […]
Asset Valuations for Insolvent Companies
Asset Valuations for Insolvent Companies
How Insolvency Practitioners work with Asset Valuers to maximise creditor returns.
Insolvency Practitioners’ Reports into the Conduct of Directors of Liquidated Companies. What happens to them and what can the outcome be?
Insolvency Practitioners reports into directors’ conduct
In this case study, the outcome was a director disqualification and a compensation order for over £81,000.
HMRC’s new approach to Research and Development Claims (R&D).
HMRC’s new approach to Research and Development (R&D) Claims.
What are the changes in attitude to, and the clawback of, R&D claims by HMRC? Plus, what happens if a company enters Insolvency after making an R&D Claim?
Using Finance and Refinance to Manage Cash Flow
Using Finance and Refinance to Manage Cash Flow
We are grateful to Natalie Knight from Tempo Finance, for this article about using finance and refinance to manage cash flow for business turnaround especially
Wrongful and Fraudulent Trading: what are they and what is the difference?
Wrongful and Fraudulent Trading: what are they and what is the difference?
When receiving enquiries from directors of distressed companies, we often find that very little is known about wrongful trading and fraudulent trading, and what the difference is
