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By Elaine Wilcox

27th October 2022

Improving Income Streams in the Hospitality Industry

In a trading environment which is becoming increasingly more challenging, it is important that hospitality business owners maximise their income in the periods that they are open.

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By Elaine Wilcox

24th October 2022

A Perfect Storm for the Hospitality Industry

Hotel, restaurant and public house owners are currently looking hard at their profit and loss accounts.  In these testing times, without adequate working capital, owners must look to their balance sheets for options that will allow them to trade.

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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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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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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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By Elaine Wilcox

4th November 2021

Bounce Back Loans – repayments and business viability

At the height of the pandemic, the Government offered emergency loans up to £50,000 to businesses to cover their running costs at a time when trading was very difficult, if not impossible.

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HMRC

By Elaine Wilcox

25th October 2021

Negotiating with HMRC

If you can pay your taxes then you should do so – but if you’re struggling, HMRC can work with you to agree a plan based on your financial position, here we explain how...

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