Following every bad debt or loss due to insolvency: directors, suppliers, customers and employees almost always ask themselves: Could we have seen it coming?  Could we have predicted the company was in trouble? What were the distress signs that we missed? 

Well, here are the top six signs of company distress I look out for... there are no real surprises.

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PCR’s summary of the key points of George Osbourne’s 2016 budget affecting businesses and sole traders.

Some welcome tax cuts and freezes here for many, as well as good news for small businesses, 600,000 of which will now pay no business rates. As expected, the changes to CGT and Entrepreneurs’ Relief will have consequences for many.

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You will no doubt have heard that changes to the way dividends are taxed are being introduced in April 2016 and will apply new “Dividend Rates” of income tax to distributions made to shareholders.

However, you might not be aware that in December the Government also launched a consultation aiming to bring in supporting legislation to prevent shareholders getting around the new rules by utilising current exemptions that treat distributions as capital when a company is wound up. Currently, in a solvent liquidation (“MVL”), any retained profits are treated as capital for distribution purposes and may qualify for Entrepreneur’s Relief at a rate of 10% if the circumstances fit the criteria to do so.

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Sam Talby considers the resurgence of of long and short term commercial fraud and some of the steps and checks that can protect your business.

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Amidst the demise of the steel industry, the struggles of SSI, Caparo and Tata have been dominating local headlines; just this week we have heard that Tata is planning to shed another 1050 jobs. The outlook perhaps seems somewhat bleak for industry in the North East. However, recent statistics are showing that the North East has other strengths, with four in particular showing promise:

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