Finance

New Insolvency Guidance & Regulation

The Insolvency Service has updated their guidance and added a video to explain to Directors what they should do if their company becomes insolvent. Called ‘Company Health Check; keeping your business on track‘ the guidance details the signs of insolvency and the consequences that may occur if the situation isn’t managed correctly. The guidance includes […]

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Alternate Finance update

Many small businesses have taken on funding in the last two years that they may never have planned for. The need to survive the various lockdowns and closures persuaded many that a Bounce Back loan or CBILS was the way to go. The alternative finance landscape now though is changing. We have several contacts in […]

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Recovery Loan Scheme – don’t miss out!

The Recovery Loan Scheme (RLS) was announced by Rishi Sunak as part of the last Budget. Set to run until 31st December 2021, this replaces Coronavirus Business Interruption Loans (CBILS) and Bounce Back Loans (BBLS) which both ended on the 31st March 2021. Though there is still time left on the clock, this is running […]

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Government supports Faster Payments System

In recent months there have been a number of different Government consultations underway, on a wide range of subjects. One area under consideration was payments processes, and the Treasury has now confirmed that they will support the rollout of a Faster Payments system. This will also include the improvement of cross-border payments. We’ve spoken a […]

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HMRC clarifies stance on pandemic affected tax debts

HMRC has confirmed that where tax payers are struggling after the pandemic, it will take an ‘understanding and supportive approach to dealing with those who have tax debts or are concerned about their ability to pay their tax’. HMRC stressed that it wants to work with taxpayers to find a way for them to pay […]

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Visit our Rebound Resources page for free tools & guidance to help your business Rebound from the pandemic.