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Beware of trading when your company is insolvent

Beware of trading when your company is insolvent

Continuing to trade while your company is technically insolvent could lead to big problems for the directors, as it could lead to limited liability no longer applying, and leave them on the hook personally for outstanding debts. A company would be considered insolvent...
Voluntary repayment window for Covid grants opens

Voluntary repayment window for Covid grants opens

Individuals and businesses that received Covid payments they weren’t entitled to have until December to pay back any money owed under a voluntary repayment scheme. This period offers the grace of a ‘no questions asked’ solution for people to repay any grants they...
HMRC powers to raid bank accounts for unpaid tax revived

HMRC powers to raid bank accounts for unpaid tax revived

HMRC has once again been given powers to take money owing to it directly from people’s bank accounts when people persistently fail to pay the tax due. Most taxpayers, those who pay on time and in full, will have nothing to worry about. But the small minority that...