Current trading conditions have increased the demand for small business loans as businesses try to survive the short-term impact of Covid and make strategic changes to ensure their long-term survival. The Government is providing financial packages to support small businesses with cash flow issues. However, many are turning to investors and lenders to secure…
We are seeing a great many of our commercial clients’ re-visit their business structure and considering new service or product launches in order to respond to changing market conditions. History shows us that recessions and coming out of recession can be a good time to launch a new business. As the BBC recently reported:…
Most people should consider drafting a Lasting Power of Attorney. For more information contact Pictons 0800 302 9448 info@pictons.co.uk
The government has recently announced that it plans to give leaseholders the right to extend their lease to 990 years. Currently houses occupied under a lease can only extend their lease once for 50 years, whilst flat leases can be extended as often as required, with a zero ground rent for 90 years. Furthermore,…
Most small business owners could be forgiven for having missed the Finance Act 2020 however, there is a provision within it that could make lending that bit more difficult for SME’s. The Act states that HMRC will become a preferential creditor for insolvencies that take place after 1 December 2020. Previously only employees and the…
Despite the recent announcement of a second ‘lockdown’ in England, Robert Jenrick, Secretary of State for Housing, Communities and Local Government has said that the housing market would still be able to operate. All involved in the conveyancing process will of course have to operate using Covid secure practices however, it has been confirmed…
Sadly the current economic squeeze created by the pandemic is resulting in a lack of demand for the products and services of some businesses. Inevitably to survive this businesses are having to reduce their cost base – including employee costs. The actions that SME owners take needs careful consideration and all options should be…
A Lasting Power of Attorney (LPA), is a legal agreement whereby you identify a person(s) to make decisions about your care and finances should you become incapacitated. LPA’s are very good practice when it comes to planning personal affairs however, business owners should apply similar thinking when it comes to their business. If you…
In a response to the logistical problems created by the recent pandemic the government has announced that it will now be acceptable to have a will witnessed by a video link in England and Wales. Furthermore, this change in the law will be backdated to 31 January, which coincides with the date of the…
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