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Insolvency procedures for UK law firms

When a law firm cannot avoid insolvency, there are a number of steps to be taken and it is important to act promptly to avoid intervention.

At the point an insolvency practitioner is engaged, there are a number of questions that must be asked before a decision is made as to the most appropriate insolvency procedure for an insolvent law firm to enter into.

Farm businesses urged to evaluate Budget impact and plan ahead

Farm businesses are being urged not to panic or make knee-jerk reactions following the Autumn Budget but to instead consider their options and take a measured approach.

Preparing for April 2025 in the hospitality sector

Following the Chancellor’s recent budget, businesses in the hospitality sector will need to prepare as best they possibly can for the changes announced, many of which come into effect from April 2025.

Black Friday: how businesses can protect their customers from cyber scams

New figures from GCHQ’s National Cyber Security Centre (NCSC) and Action Fraud have revealed rising losses to online scammers during the festive shopping season.

Is now the time to outsource your law firm’s finance function?

The need to generate regular, timely financial information - both for internal management and external stakeholders - can be time consuming and complex, especially when pulling together data from a range of sources. Should you outsource your finance function 

How can businesses budget for increased NMW and National Insurance costs?

Changes announced in the Autumn Budget present a number of challenges to business owners, ones which cannot be ignored and require some careful consideration and planning.

Could salary sacrifice be the answer to increased staff costs for employers?

One area that was not covered in the Budget was salary sacrifice. This remains a viable solution to employers in shaping the remuneration packages for staff in a way that helps to minimise National Insurance costs for the business, and in many cases, reduces the tax and/or National Insurance deductions suffered by employees on their pay and benefits.

Landlords: what can you do when your corporate tenant becomes insolvent?

If property you own is occupied by a corporate tenant who enters into an insolvency process, there may be restrictions on the way you can recover debts and minimise future losses.

Staff Christmas party and employee Christmas gifts

It’s the season to celebrate and give to those we value. From a business perspective, what are the best ways to reward staff at this time of year?

Double U-turn on Double Cab Pick Ups

Slipped into the main Autumn Budget document was the announcement that Double Cab Pick-ups (DCPU) will be treated a cars from 6 April 2025.