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Starting a new law firm - what do I need to consider? Part III – Tax considerations

Andy Poole gives his expertise and advice on what to consider when starting a new Law Firm.

Finance Act 2020 – Implications for Funders

With the Finance Act having now gained Royal Assent, the threat of HM Revenue & Customs ranking higher in any insolvency process has now become a reality. The impact is likely to send shockwaves through the lending community, especially for lenders who traditionally rely on either qualifying floating charges or personal guarantees to bolster their security. And for those alternative lenders who rely on personal assets of the directors, will HMRC’s new power to issue Joint Liability Notices to directors personally affect their appetite to lend?

Funding options for your PII renewal, we can help

A combination of the COVID-19 pandemic, uncertainty around the outcome of Brexit negotiations, a potential recession and an already hardened PII market in 2019 could make this one of the most challenging years for solicitors since the move to open the market in 2000.

Starting a new law firm - what do I need to consider? Part II - Structure

Andy Poole gives his expertise and advice on what to consider when starting a new Law Firm and looks at Structure in more detail.

How much do I need to retire?

Marcus Dodds explains exactly how much is enough when saving for a comfortable retirement.

Tax relief on farm repairs and new equipment

David Threlkeld looks at tax relief on capital expenditure and refers to an interesting tax case concerning property repairs.

What role do accountants play as we evolve in to a 'new normal' phase

David Cousins looks into why accountants will continue to play a vital role in making sure that businesses can evolve in the “new normal”.

Starting a new law firm - what do I need to consider?

Andy Poole gives his expertise and advice on what to consider when starting a new Law Firm.

The Importance of Protection

What do we mean by protection? In a word, insurance - insuring against death, critical illness and ailments that prevent you from working.

Who does this apply to? Potentially everyone; regardless of whether you are employed, self employed or a business owner.

Implications for Directors – Finance Act 2020

There has been talk for some time about changes to how HM Revenue & Customs’ (HMRC) debt status will impact upon companies and directors. The change to HMRC’s status in insolvency procedures has been threatened for a while, as has joint and several liability for directors where there is evidence of tax avoidance and/or tax evasion, so it was no surprise that the Finance Act 2020 has both of these measures included within it. However, what has come as a surprise is the extension of the joint and several liability for directors who have been involved in a number of insolvencies.