Stephen Downie

Partner-dual qualified Lawyer & Accountant who is also a Solicitor Advocate & advises,supports and represents Insolvency Practitioners, Directors & Shareholders

[Time to Shine Agency @TimetoShineLtd]

Can’t wait to see this with our Luka in it! Red carpet premiere coming soon. #act #production #screen #film #universal #teen #agency #character

[Stephen Downie @Stephenrdownie]

Comp House has for many years been without any real policing of the individuals setting up companies. This is now set to change and here: https://t.co/hAbMvA2gMv are set out out new laws for verifying the identity of directors and PSCs (both current and new).

[Stephen Downie @Stephenrdownie]

Directors Loan Accounts are straightforward (one would think) but there are risks - it isnt tax free income the loan itself is subject to tax and there are time limits to be aware of. https://t.co/dkteA6j5x4 is the government's guide which may help an unwary director.

[Stephen Downie @Stephenrdownie]

Directors beware - for a lot of directors the only error they commit is failing to make decisions or act quickly enough. Here : https://t.co/T6iy0GAUYI I discuss the more common circumstances where directors could be personally subject to a claim. Francis Wilks & Jones

[Stephen Downie @Stephenrdownie]

Unpaid taxes and Directors/their companies. Here https://t.co/kcGDOAR32z my colleague Andy Lynch discusses in some detail the types of claim you/your clients may face for not addressing HMRC claims early. Francis Wilks & Jones

[Stephen Downie @Stephenrdownie]

Directors' fiduciary duties: why should directors have to be aware of and adhere to them? Here: https://t.co/lzXMv5IPh1 we discuss the issue and why these duties apply to all directors (and how to protect yourself/your clients from any claimed breaches). Francis Wilks & Jones

[Stephen Downie @Stephenrdownie]

Tax avoidance and Employee Benefit Trusts - are you or your clients facing claims from HMRC related to the loan charge or tax avoidance? Here: https://t.co/OB6NNkH6hA we discuss EBTs and what HMRC thinks of them. Francis Wilks & Jones

[Stephen Downie @Stephenrdownie]

Director disqualification is one of the biggest penalties that a director of an insolvent company can face - recovery is difficult unless you seek leave from the Courts. Many #BBLs have led to disqualification -see here our previous blog on the subject: https://t.co/RGqzjDQgK2

[Stephen Downie @Stephenrdownie]

@Tech_Analyst_UK @CWUPostmasters the post office should be wound up in the public interest following s447 investigation-why does monetary loss have to be the only measure of the public interest? Surely protection of the innocent should fall within this definition & rank higher?

[Stephen Downie @Stephenrdownie]

Social Media influencers have long boasted about their wealth, money or activities but the visibilities of what they were earning has long been ignored. Here my colleague @andylynch

[Stephen Downie @Stephenrdownie]

@BBCNewsnight does Mr Hinton’s concerns about AI remind you of Oppenheimer’s statement, “now i have become death, the destroyer of worlds”?

[Stephen Downie @Stephenrdownie]

@BBCNews @katierazz I recall @MarcusRashford standing up against the government for more free school meals and this was supported by bbc yet when it comes to asylum seekers and @GaryLineker ‘s complaints he is suspended. Are we this insular and differentiate between british and non-british groups?

[Stephen Downie @Stephenrdownie]

@RestIsPolitics I think it is a fact that if we have a bbc which has presenters held out as moral or upstanding leaders of our nation, they should not restrict their opinion or seek to restrict their views to ‘bbc policy’. This is more reminiscent to me of the 1950s soviet union…

[Stephen Downie @Stephenrdownie]

@BBCNews - I supported the bbc despite very ltd broadcasting but @GaryLineker had right to make historical comparison which reporting also supported! Consistency eh? other news agencies are taking the quality ground bbc used to occupy - if @MOTDMatchOfTheD goes there is nil left

[Stephen Downie @Stephenrdownie]

@Peston Not my favourite person and don’t agree with keep going back for independence until you get a yes, but you have to respect her as a strong politician who stood by her beliefs. Not many of those left and they are what we need.

[Stephen Downie @Stephenrdownie]

@Autism @ChrisGPackham @BBCTwo Great show & great to see how these voices can be heard. Shame child mental health services in cardiff cant identify such kids - my youngest after 3 schools and yrs of difficult behaviour and identified by school couldn’t get help. guess we just live in wrong place

[Stephen Downie @Stephenrdownie]

@MSNBC The issue is the failure to get an audit - which Trump should reasonably have known would have been suspiscious. The reference to tax loopholes is a matter of art - until soneone independant reviews them you cannot tell whether they are legitimate or not.

[Stephen Downie @Stephenrdownie]

@bicketss Phil Lynott surely? Would also need a time machine…

[Stephen Downie @Stephenrdownie]

@nytimes As an England fan we are used to losing at this stage. But these are 1st world problems #englandpaidthereflessthanfrance

[Stephen Downie @Stephenrdownie]

@BBCNews made me laugh addressing need for removal of class discrimination by interviewing a lawyer at weil gotshal which is sooo middle class @bbcnews just ticks the box and is so ironic