A common question for the self-employed, this guide will give you an overview of what may be best for you. The decision is not straight forward and has a wide array of implications for tax, legal / … [Read more...] about Sole Trader or Limited Company?
What Is Distraint?
What Is Distraint? Distraint is the taking of assets or property in order to repay a debt. For example, if you owe your landlord rent, he has powers of distraint, so he can enter the premises and … [Read more...] about What Is Distraint?
Interest-Only Mortgages Timebomb
The newly-formed Financial Conduct Authority (FCA) has issued a report warning of the ticking timebomb of interest-only mortgages. The interest-only products mean that borrowers pay the … [Read more...] about Interest-Only Mortgages Timebomb
The Warning Signs of Insolvency
It’s easy to bury your head in the sand where finances are concerned, but with a business, recognising the warning signs of insolvency could mean the difference between sinking and swimming. The key … [Read more...] about The Warning Signs of Insolvency
I don’t want to let my staff down
As a company director, you are duty-bound to close your company, or enter into a formal arrangement, if your company is insolvent. Directors will often delay the inevitable because they do not want … [Read more...] about I don’t want to let my staff down
I can’t pay my business rates: what should I do?
Business rates, like tax, are one of the sure things in life, so it’s surprising that business rates catch out so many small businesses each year, tipping the balance and plunging them into … [Read more...] about I can’t pay my business rates: what should I do?
But what about the sole traders?
If you’re a director of a limited company, there is a degree of separation that protects your personal assets from getting caught up in the liquidation process, should your business enter into an … [Read more...] about But what about the sole traders?