What happens if business owners have a fall out?
No matter what type of business you run it is sometimes unavoidable to become involved in disputes between owners. Disputes may have a detrimental effect on the business, therefore it is important to get these resolved as quickly and efficiently as possible. Disputes between owners arise often because one owner or a group of owners…
How To Sell Your Business Quickly Post COVID-19
Sellers should be aware that preparation required for a business sale, post COVID-19, may look different to what has been the norm over recent years. Nonetheless, our corporate team have extensive experience in advising business owners in all aspects of the sale of a business from preparation all the way through to completion. Firstly, you…
The Corporate Insolvency and Governance Act 2020
On 25 June 2020 the Corporate Insolvency and Governance Act received royal assent and came into immediate force. The Act introduces temporary changes which the Government has advised seek to ‘relieve the burden on business during the coronavirus outbreak.’ It also introduces permanent reforms to English insolvency and restructuring law. Temporary changes: Easements for Annual…
How To Get The Legal Structure Of Your Property Investment Right
Property is becoming increasingly popular as an accessible and lucrative form of investment. But many people underestimate the importance of the legal side of property investment, and this can lead to your property portfolio not growing as it should, or it becoming a damaging financial burden. This is usually because your investments are not structured…
The importance of Shareholder Agreements in family businesses
What is a Shareholders Agreement? A Shareholders Agreement is a contract made between all or some of the shareholders of a company, and usually the Company itself, in order to govern the relationship between the shareholders and to set out their rights and obligations. Why should my company have a Shareholders Agreement? When setting up…
Is NOW the time to restructure your Business?
Covid-19 is an unprecedented risk to health, but also to the economy and businesses. Understandably therefore many business owners are anxious about what the future holds. However, what we are already seeing is that many businesses are finding ways to adapt, to diversify, to thrive in these challenging times. It is said that ‘necessity is…
5 Top Tips for Disaster Planning for Business Owners
Given the current economic climate and issues arising due to Coronavirus, I thought it would be useful to give an overview of the kind of protection all business owners should have in place. I am not going to focus on the various reliefs and assistance being offered by the Government in light of the current…
IR35 Explained
IR35 legislation came into force as part of the Finance Act in April 2020. It was combined with the Income Tax Act 2003 and the Statutory Instrument Social Security Contributions Regulations 2020. This legislation is referred to as IR35. IR35 relates to anti-avoidance taxi legislation. The legislation tackles the issues of deemed or disguised employment. This…
Business Planning 2020
As 2019 draws to a close, we are not just seeing out the year, but also seeing out the decade. Looking back to where the economy was 10 years ago, we were in the midst of the recession. Fast forward 10 years and we still seem to face a period of political and economic uncertainty….
HMRC and TV: BBC Presenter Loses IR35 Appeal
The ongoing battle between HMRC and TV presenters: Another BBC presenter loses their IR35 appeal HMRC has once again won against a BBC presenter in their crack down on the IR35 rules. Many will remember the media frenzy earlier this year surrounding Lorraine Kelly’s tax appeal against HMRC. HMRC had brought a case against Lorraine…