Company insolvencies on an upward trend

Although showing a slight improvement from March, the number of company insolvencies in April of this year was more than double the number from April 2021. This shows just how important it is to get advice sooner rather than later if your company is experiencing problems. The majority of insolvencies were creditors’ voluntary liquidations (CVLs): […]

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Summary of the 2022 Mini Budget announcement 

On 23 September 2022, Kwasi Kwarteng, the Chancellor of the Exchequer (the UK Finance Minister) delivered a fiscal statement to the House of Commons which unashamedly focused in on economic growth, outlining significant reductions to the current rates of income tax, a reversal of the national insurance contribution (“NIC”) increases, the scrapping of the planned […]

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Off-payroll working rules mistakes now penalised

The private sector off-payroll working rules have been in place since April 2021, but for the first 12 months businesses have benefitted from HMRC’s relaxed stance on penalties. HMRC will now, however, penalise mistakes made in applying the rules. HMRC will charge penalties for any inaccuracies relating to the operation of the off-payroll working rules […]

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The New FCA Consumer Duty – How does it impact firms?

In July 2022, the Financial Conduct Authority (FCA) published its final policy, rules and guidance on the new Consumer Duty (“the Duty”). Subject to some exclusions, the Duty applies to products and services offered to retail customers and has the aim of setting higher and clearer standards for firms providing such products and services, resulting […]

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What do Gen Z and millennials expect in the workplace?

Owning and running a business with a multi-generational workforce can be complicated. It’s possible that in your business, you could have four or five different generations working. From the traditionalists to baby boomers, through Gen X and millennials, to Gen Z. It is important in order to recruit and retain the best talent that you […]

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Successful collaboration between two IR Global members from UK – London based law firm Colman Coyle Solicitors and Michael Parkinson of UK accountancy firm Barnes Roffe LLP saves the client a seven figure sum in tax

On referral of a fellow IR Global member Michael Parkinson of a prominent UK accountancy firm Barnes Roffe LLP – Colman Coyle’s Corporate team were initially instructed in relation to a management buy out of a family business in the UK.  Some of the shares in the UK company were owned by a family trust but following […]

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Minimise Risk In Your Business To Increase Value

Many businesses have unidentified risks that ultimately affect the company value when the business is sold. Minimising risk and increasing business value isn’t something that can be tackled overnight. You need a long-term plan that works through the lifecycle of your business to tackle these risks. If you haven’t yet identified all the areas of risk in […]

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Join the viewing party for legal professionals this October

Hosted by IR Global’s Trusted Partner: About this event Law firm owners, legal professionals, and legal industry insiders: you’re invited to the premier event for lawyers and law enthusiasts of the season. For the first time ever, the world’s leading legal software provider Clio is bringing its renowned Clio Cloud Conference to the UK, and […]

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