The data has revealed that the #construction sector accounted for almost a fifth of all insolvencies across sectors tracked by the #Insolvency Service in the 12 months to Q1 2023. https://t.co/49GGwO2bnX
The data showed that 29,087 BBLs are at least 30 days in arrears, equating to £714m, while 115,916 loans are 90 days or more in arrears, totalling £3.139bn. https://t.co/aY6qIbf4y2
New research finds most food delivery and ride-hailing apps are failing to “ensure work that meets even basic criteria of fairness” https://t.co/zr2cM9HoRH
Companies across industries have been grappling with steeply rising costs in recent quarters with inflation persistently high and interest rates having increased steadily since early 2022. https://t.co/3L6gHUBXVe
Against a shock jump in inflation and the end of the government’s Energy Bill Relief Scheme, the company insolvency statistics in March were higher than the levels seen during the pandemic while support measures were in place and pre-pandemic numbers. https://t.co/xU1t0ac2Tr
As a director you may be held personally liable for some or all of your company’s debts under certain conditions, placing you at risk of personal bankruptcy alongside the insolvency of your business. https://t.co/70M23IgDTJ
To help you understand your possible liabilities as a director facing company liquidation, here are just some potential areas of concern. https://t.co/StWMuvCYIC
There are pros and cons related to both PAYE and dividends when each is used in isolation, which is why blending PAYE with some dividend payments in a ratio that suits a director’s own personal tax situation, is often the best way to be paid. https://t.co/UM5mLbo9Tb
If you are awaiting payment from a late invoice or experiencing a shortage of cash, you may be able to renegotiate payment terms with HMRC, also known as a Time to Pay Arrangement. https://t.co/F4Aqg2giJ2
Judge ruled the employer demonstrated ‘deliberate dishonesty’ throughout the tribunal proceedings and that a bonus dispute was the reason for dismissal https://t.co/08MAG5KN5w