How the Autumn Budget 2024 Impacts Members Voluntary Liquidations (MVLs)
| 13-11-2024Increases in Capital Gains Tax (CGT) and Business Asset Disposal Relief (BADR) in the Autumn Budget could impact an MVL's benefits.
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What are the risks of signing a personal guarantee for a company loan?
| 20-09-2024The risk of signing a personal guarantee, is that you, as a director, are taking personal responsibility for the loan should your business default...
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Insolvency Service Investigations Close Seven Companies Offering a “Corporate Rescue Scheme”
|Two corporate rescue firms that claimed to offer directors of insolvent companies access to a “corporate rescue scheme” have closed after an Insolvency Service investigation.
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Uncertainty around potential Capital Gains Tax changes. Consider a solvent Members Voluntary Liquidation (MVL) before the autumn budget.
| 04-09-2024The new Government’s first autumn budget is due on 30th October 2024. Tax rises are expected, and some speculate increases to Capital Gains Tax.
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What is the £1 Insolvency Avoidance Scheme?
| 28-08-2024The £1 insolvency avoidance scheme is designed to help directors evade formal liquidation. The scheme is not regulated and can leave directors liable for company's insolvency.
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Unlicensed Insolvency Practitioners Wound Up by Insolvency Service. Why You Should Always Speak to a Licensed and Regulated IP.
| 08-08-2024In July 2024, the Insolvency Service wound up and closed a company acting as an unlicensed insolvency practitioner.
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