Restructuring positives for 2021 and beyond
A year ago, we were trying to consider the financial impact of the coronavirus pandemic when it first fully hit the UK and we were very much still trying to get our heads round new terms, new schemes, new support measures and HMRC extensions.
Personal Service Companies – Is it time for action?
Chancellor of the Exchequer, Rishi Sunak, has recently implied that Capital Gains Tax (“CGT”) rates will come under increased scrutiny, as the Government attempts to fill the budget deficit caused by the ongoing COVID-19 pandemic. With the Autumn Budget soon approaching, these reforms may now just be a matter of weeks away!
VIDEO 2: Respond, Review, Restart, Repeat – Plan Ahead Teams
A video series from AAB featuring top tips on planning, operating and continuously adapting in the next normal and beyond.
Restructuring and Recovering for the Future
The impact of COVID-19 on the economy is likely to be long lasting. The UK economy contracted by 2% in the first quarter of the year and analysts expect the figure to be worse for the second quarter as lockdown continues.
COVID-19 – Support for Third Sector organisations
Four weeks ago, the First Minister announced that the Scottish Government was establishing a £350 million emergency package of support for communities, which included a £50 million wellbeing fund for Third Sector organisations.
Coronavirus – Changes to the Insolvency Rules
Over the weekend, the Government announced further measures designed to support businesses through the COVID-19 crisis. These included the welcome news that the wrongful trading rules will be relaxed from 1 March 2020, relieving the pressure on directors of potential personal liability for trading on whilst insolvent.
Coronavirus – Practical Measures You Should be Taking
As we adjust to the changes faced as a result of the COVID-19 situation and the ‘new normal’ we have outlined some key considerations you should take as you and your business adapt.
Coronavirus – The Financial Impact
Coronavirus, unsurprisingly, has had an unprecedented impact around the globe, and its financial implications are going to be felt for months and possibly years to come.
The Positives of Insolvency – How we help
Recently, members of the R2 team caught up with other insolvency practitioners and solicitors at our annual Scottish conference, which is a more entertaining event than it sounds! Over the course of the conference, the conversation covered all the normal topics of how the market in our various parts of the country was, what impact Brexit uncertainty was having, and a few war stories from recent cases that were worthy of some discussion.
Insolvency – what are the implications for directors?
We are living in uncertain times and the current financial climate, alongside the turmoil in British politics caused by Brexit, is making it harder and harder for businesses to survive, as shown by the recent high-profile insolvencies of Thomas Cook; Debenhams and Jamie’s Italian.