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A Clean Break?

Just under a year ago we highlighted one of the more high profile Bankruptcy Restriction Orders (‘BRO’) issued to Willie Thorne, a former world-ranking professional

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To Continue to Trade Or?

Life can very quickly become difficult for a director of a company in financial difficulty. Often directors will continue to trade in the sincerely held

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Unlawful Dividends

2017 has seen press statements from a number of high profile companies that dividends to shareholders have been paid in breach of the Companies Act

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Flat Rate VAT Chat

A number of businesses use the VAT Flat Rate Scheme (‘FRS’) because it is designed to simplify record keeping and make it easier to work

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Inflation rises ahead?

Economists are predicting that as the rising oil prices push up the price of petrol, inflation will increase sharply potentially as high as 3% in

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The dangers of pre-payments

We have recently dealt with the liquidation of a company whose business model relied on customers pre-paying for the goods in advance. The circumstances highlight

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Auto Enrolment and Directors

After persistent lobbying, the government has now published a set of rules on whether directors are required to be enrolled in company auto-enrolment schemes. The

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Snookered

The Enterprise Act 2002 (‘EA’) brought in a number of changes for bankruptcy, most significantly that the typical duration of the restrictions on a bankrupt

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Poor Outlook on Wage Rises

Weak productivity and increased costs such as; the national living wage, apprenticeship levy and pension auto-enrolment have curbed employers’ willingness to raise salaries. Even though

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