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Overview of taxation of losses

Limited companies and other organisations such as clubs, societies, associations and other unincorporated bodies have to pay corporation tax on the taxable profits they make. The... more

Is bankruptcy right for you?

Bankruptcy is an option – sometimes an unavoidable one – available to individuals who are unable to pay their debts and are thus insolvent. You can declare yourself bankrupt or,... more

Overview of marriage

Who can get married? Any two people can get married in the UK provided they are: Aged 16 or over Of different sex Not too closely related Unmarried and not in... more

Overview of insolvency

A company is insolvent when it cannot pay its debts and its assets are less than its debts. Unless you can find a way to pay off those debts pretty quickly then the insolvency may lead to... more

Is liquidation right for you?

If you are company is struggling to trade and pay its debts when they become due, and you discover that your assets are worth less than your debts, then your company is insolvent. If this... more

Overview of winding up a business

If your company is insolvent – i.e. it doesn’t have enough money to pay off its debts – there are several different possible outcomes. Some of these could involve allowing... more

Company filing requirements

Every company has a duty to prepare a set of accounts which report on the company’s performance and activities during the financial year. A copy of these accounts must be sent to... more

Types of businesses

Different types of business have different legal structures and the kind you choose will depend on the sort of business you have and what you want out of it. The tax/national insurance and... more

I need to restructure my company

Steps to follow There are many reasons for restructuring a company—realising value from assets, downsizing the workforce, streamlining and simplifying, taking it in another... more

What is redundancy?

If your employers are considering making you redundant – which will result in the termination of your employment – they have a duty to treat you fairly and there are number of... more

I want to close a company

Steps to follow Make sure you tell all the relevant people. The bigger a business you have, the more people you will have to inform before you close. If you are a company or limited... more

I want to make an insurance claim

Steps to follow Have you suffered some sort of loss which is covered by an insurance policy? If so, first check your policy to ensure it’s worth making a claim – most... more

Salvaging a business

Every company has its ups and downs but you need to ensure your business can run as a viable concern in the good times and bad. If your company is having problems, there are several things... more

Managing debtors

Late payment of invoices can make or break a company – especially a small one. Many businesses are often not keen to chase debtors too hard for fear of damaging their relationship... more

Requirements to provide pensions to employees

There are two main types of pension in the UK: money-purchase and final salary schemes.   Money-purchase schemes include occupational money purchase, personal pensions, stakeholder... more

What documents do I need when meeting a lawyer?

You want to ensure that your first meeting with your solicitor is as useful as possible. To ensure your solicitor thoroughly understands your problem and can provide you with proper legal... more

Business restructuring

Business restructuring can mean a host of different things, including downsizing the workforce, mergers, acquisitions, debt for equity swaps, and corporate simplification. Businesses... more

Can I cut the pay of my staff?

In harsh economic times, most companies start to examine how they can cut costs and save cash, with eyes almost inevitably turning to the company’s employee wage bill which will... more

Overview of loans, mortgages and guarantees

Businesses often have to borrow money, and how to do this is a question it pays to research. Borrowing may be necessary while the business is starting up, if a big order comes in, or if... more

I want to sell my company, I want to buy a company

Steps to follow Whether you are buying or selling a business, the first step is to put a value on it. This is a negotiable matter. Valuing a business is a complex process, so consider... more

What constitutes gross misconduct?

Dismissing staff is a fraught area for employers. Rules and regulations must be strictly adhered to, and efforts must be made to be as sensitive as possible to employees during this... more

Overview of retirement

Retirement Age You can retire at any age you want – as long as you can afford it – but the default retirement age in the UK is 65. When you reach this age your employer can... more

I am a victim of discrimination

Steps to follow It is illegal for your employer to treat you less favourably (ie discriminate against you) because of your: gender; marital status; gender reassignment; pregnancy and... more

I have a tax issue (corporate tax)

Steps to follow If you are a limited company, you will have to pay corporation tax on any profits at the end of the financial year. Partnerships have to pay income tax. Then there are... more

I want to start a company

Steps to follow Start small, think big. Keep your expenses as low as possible, but leave yourself scope to expand. On the other hand, don’t choke off possible growth by scrimping on... more

I have a motoring injury

Steps to follow As soon as the accident has taken place, obtain and exchange information with all other drivers involved including full names, registration numbers, insurance company... more

Gross misconduct or being fired

Gross misconduct or being fired Gross misconduct is behaviour in the workplace which is so serious that it warrants dismissal for a first offence without... more

Bankruptcy basics

If the demands from credit companies are piling up on your doorstep, then you may be considering filing for bankruptcy. Bankruptcy no longer carries the stigma that it once had,... more

Overview of identity theft

You are a victim of identity theft if someone pretends to be you in order to steal money or gain some other sort of benefit. Offences It is an offence to possess, control and intend... more

Overview of employment rights (business)

As an employer in a UK company you have a number of duties and obligations to the people working for you under employment legislation. The duties you have depend largely on what category... more

Missing mortgage payments

In times of recession, a great number of homeowners fall into arrears with their mortgage. If you are in this situation, you are best to seek help as fast as possible. If you... more

Your consumer rights

Whether we purchase goods from a shop, another person, or across the internet, we have legal rights as consumers. We also have rights when we hire goods or enter into a hire-purchase... more

Overview of fraud in businesses

Definition of fraud  In England, Wales and Northern Ireland, the fraud laws were overhauled by the Fraud Act 2006 which came into force in 2007. It introduced a statutory... more

Do I need a lawyer? (business)

Legal problems arise in business all the time and the temptation might be to run to a lawyer every time to get them to sort the problem out for you. There is no doubt that in some... more

I have injured myself at work

Steps to follow If you’ve been injured at work, you should (if you are capable of doing so) record the details of the incident in your employer's accident book. (All employers,... more

Rights to maternity leave

If you’re an employee and expectant mum, you’re entitled to 26 weeks of ordinary maternity leave (OML) and 26 weeks additional maternity leave (AML) which – as long as you... more

I need to borrow money

Steps to follow How much do you need to borrow? How soon can you pay it back? How quickly do you need it? What assets do you have? These questions need to be answered before you can... more

Overview of pay (pay rises, pay cuts, notice pay, etc.)

  Your employer should tell you when you start work how much you will be paid, how it will be paid to you and when. This must be put in writing within two months of you starting... more

Advice on employment rights

Steps to follow If you have a contract of employment you’ll usually be classed as an employee and are therefore entitled to a number of employment rights. These include statutory... more

I need help with a contract

Steps to follow A contract is an agreement between two or more persons, which gives rise to obligations that are enforceable by law. Has an offer been made? In legal parlance, an... more

Problems with goods and services

Goods  All consumers have rights when they buy faulty goods from someone acting in the course of trade, although the type of rights you have may depend on what you bought and how... more

I want a mortgage

Steps to follow Make sure your credit rating is in good shape – some companies do free credit checks. You can improve your credit rating by: registering on the electoral roll at... more

I have a health and safety issue

Steps to follow If you’re worried that conditions at your workplace are a potential threat to your health and/ or safety, first of all explain your concerns to your employer, or... more

Franchises

You want the challenge of running a business but want to minimise the risks. Above all, you want to know your business idea is viable before you start. A good solution may be to take on a... more

Overview of motor accidents

There are thousands of motor accidents on the UK’s roads each year. If you are unlucky enough to be involved in a motoring accident, you are likely to be involved in a subsequent... more

Overview of occupiers liability

  The occupier of premises has a legal duty to do everything reasonable in all the circumstances to ensure that lawful visitors are reasonably safe when using the premises for the... more

I am bankrupt

Steps to follow Do you have debts which you are totally unable to repay? You can declare yourself bankrupt which is a means of clearing debts you can’t pay. If you owe... more

Overview of sex discrimination in employment

Under the Sex Discrimination Act 1975 (SDA 1975), it is illegal for your employer, or a prospective employer, to discriminate against you because of your gender, your marital status or... more

Choosing an employment lawyer

Employment Law If your dream job is turning into a nightmare, or your ‘perfect’ employee is wreaking havoc in the workplace, then you may need the help of an employment... more

Injury of a member of staff at work

Employers have a duty to tell their employees about health and safety issues that may affect them, to provide relevant safety equipment and training, and to provide a safe place to... more

Recovering debts from other people or companies

It’s infuriating, sometimes embarrassing, and can be costly. There are, however, various avenues open to you when a debtor refuses to pay up. First steps When attempting to... more

I want a pension

Steps to follow The state pension is worth less than £5,000 per annum for a single person, and about £7,500 for couples. You can draw it, if you have paid enough national... more

Overview of stakeholder pensions

Duty to provide stakeholder pensions Under the Welfare Reform and Pensions Act 1999, most businesses which have five or more employees, are required to provide access to a stakeholder... more

Overview of overtime

Introduction There are times in the life of a business when staff are going to be required to work extra hours – if you have a rush of demand for your goods or services or during... more

Overview of bankruptcy

What is bankruptcy? If you are an individual and you are insolvent, i.e. you have debts which you are totally unable to repay, then you may have to consider bankruptcy as an... more

Who works in law firms?

Law firms are busy places. They come in various shapes and sizes, from sprawling multinational operations to just one solicitor working as a sole practitioner from a high street... more

I have a dispute

Steps to follow Do you feel you are owed money by someone and all attempts to resolve the dispute without resorting to court action have failed? If you decide to take the matter to... more

I have a problem with my pension

Steps to follow If you have a problem with your state pension, first contact your pension centre and explain what you think is wrong. They will aim to investigate your complaint within... more

I have a problem with my bank

Steps to follow If you think your bank is treating you unfairly – eg overcharging you for a service or selling you a product without explaining the risks – your first move... more

Termination of employment contracts

If you or your employer wants to terminate your employment, your employment contract will usually set out how much notice one must give the other before you leave. This may be more generous... more

Overview of insurance for business

There are numerous types of insurance cover available for businesses. Some must be taken out by law, others aren’t mandatory but are highly advisable for all businesses, while still... more

Becoming a British citizen

There are six forms of British citizenship, some of which are defined in the British Nationality Act 1981. They are: British citizenship; British overseas... more

Overview of immigration to the UK

Various different rules and criteria apply depending on whether you want to visit, work/ study in or permanently settle in the UK.  Visiting the UK Most foreign visitors to the... more

Making staff redundant

There are various reasons why you may need to make staff redundant including closure or relocation of your company, a need to cut costs by reducing headcount or simply because some posts... more

I am in debt, I have debtors

Steps to follow Are you owed money and beginning to get fed up of excuse after excuse? Or, do you have debts that you can’t pay? Either way, take action and sort the problem... more

Repossession of a home you own

Pre-action protocol There are certain steps your lender must take before it takes action to repossess your home, which are set out in a ‘pre-action protocol’. This applies... more

Welcoming a child

There are laws specifically designed to protect prospective or new parents and there are a range of benefits and allowances that you are entitled to as well. Pregnant employees If... more

Overview of personal tax

The government collects taxes from individuals through HM Revenue & Customs (HMRC) under a variety of different headings including: Income Tax, Capital Gains Tax (CGT), Inheritance Tax... more

I need help with immigration

Steps to follow If you’re from Switzerland or the European Economic Area, you and your family will usually have the right to freely enter the UK and work there. However, the rules are... more

I am a victim of crime

Steps to follow Report the matter to the police as soon as possible. Dial 999 if it’s an emergency, otherwise, report it to your local police station either in person, via phone or... more

Buying or selling a business

There are a number of steps that need to be worked through when you are buying or selling a business. These include: valuing the business tax advice sales... more

International trade

Sales and distribution overseas   If you want to sell your wares overseas, you need to decide how you’re going to distribute them. You might opt to sell them directly, e.g.,... more