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By Mike Kienlen

22nd September 2022

Could now be the time to cease trading and extract funds from your business?

Many owners are having sleepless nights worrying that all the funds that have been earned in the past may be lost in this period of high inflation and huge energy costs.

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Insolvency - how it effects employees

By Elaine Wilcox

21st September 2022

If my employer becomes insolvent how will this affect me as an employee?

We are living in very uncertain times. Probably the biggest current threat to companies is the increase in energy charges. Even with newly announced government support, it is difficult to see how many businesses will survive if their energy bill increases significantly and insufficient further government support is given. As an employee how will this impact you?

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By Daryl Warwick

19th August 2022

My Company is in financial difficulties – How can I protect my employees?

High levels of inflation are causing many problems for business owners. Statistics from the Insolvency Service show insolvencies hit 1,827 in July, 67% higher than in 2021. A growing number of directors seemingly believe current economic conditions make survival impossible.

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Business man ready creditor debt letters

By David Hush

19th July 2022

How to deal with pressing creditors

David Hush from our National Creditor Services team provides his advice about what you should do if you are facing pressure from Creditors looking to reclaim owed debts.

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By Elaine Wilcox

14th June 2022

IR35 reforms – HMRC Room for Improvement

In 2016, HMRC estimated that only 10% of  PSCs (personal service companies) were applying the IR35 rules correctly, costing the exchequer £440 million in that year. To improve compliance, the government introduced reforms that shifted responsibility for making status determinations from the worker to the hiring body, which also became liable for any unpaid tax where it had failed to comply. These reforms initially applied to the public sector from April 2017 (affecting around 50,000 PSCs).

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By Elaine Wilcox

26th May 2022

5 Tips for Business Survival in Times of Uncertainty

The backdrop of uncertainty is causing real problems for businesses in all sectors, no matter how large or small. The companies that will flourish are the ones that keep a keen eye on their performance on a day-to-day basis. Here are 5 key ways to aid the survival of your business in this environment of constant change.

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By Andy Poole

25th February 2022

Legal Sector Pulse Survey Results January 2022

These were among the findings of the second of a recently launched quarterly legal sector survey undertaken by law firm accountants, business and financial advisers Armstrong Watson and partaken by 70 senior legal sector professionals. 

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HMRC Letter heads

By Elaine Wilcox

11th February 2022

HMRC Powers – are you up to date?

There were a number of important changes that the Finance Act 2020 introduced to the way in which HMRC are treated and their powers, none more so than their ability to pursue individuals personally in respect of company debt.

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turning to 2022 cubes

By Armstrong Watson

27th January 2022

Gazing into 2022

Its been twelve months of life outside the EU, time to reflect on the last twelve months whilst also looking towards the year ahead.

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By Andy Poole

8th December 2021

Legal Sector Pulse Survey Results, November 2021

In common with other sectors, the legal profession has had an ‘interesting’ time in the past 18 months and there is likely to be a great deal of flux still to come. It is with this in mind that we have recognised that a quarterly legal sector ‘pulse’ survey would help law firms with their strategic planning.

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