Insolvency and Liquidation

There are many different ways of dealing with company debt. In most cases, an authorised insolvency practitioner will be appointed to manage a company’s affairs once insolvency proceedings start. If you think your company is in danger of becoming insolvent you should take independent professional advice at the earliest possible stage. A company is insolvent

Salary Sacrifice

When an employee gives up the right to receive part of the cash pay due under his or her employment contract, this is called a ‘salary sacrifice’ (sometimes known as ‘salary exchange’). It is entirely effective for tax and NIC purposes – the employee is simply taxed on the lower gross pay. Q: Why would

The Value of Outsourcing

Most business owner-managers find that they spend only a small percentage of their time on important strategic planning. A great deal of their effort is spent on the day-to-day running of the business – the ‘housekeeping’ side of things. But do you really need to do all this work yourself, when it is possible to

Keeping an Eye on Your Cashflow

Cash is the lifeblood of a business, but with so much emphasis usually put on profitability, it can be easy to overlook this fact. Of course, the bottom line is important, but poor cash flow management can drive a growing and/or profitable company out of business. The risk is especially great for expanding companies. For