contracts of employment

Contracts of Employment – Time for a Lockdown Spring Clean?

  The word unprecedented has rightly been used to describe the last year. Businesses of all sizes and sectors have had to confine their forecasts, budgets and wider planning to the deleted box. Whilst some sectors have been hit very hard others have flourished, but the impact across the wide economy has obviously been detrimental….

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terms of business

Terms of Business – Not Just the Small Print

  Pretty much all organisations should have carefully constructed terms of business. This is more than just the ‘small print’ some of us have come to expect but sadly largely ignore. They often form the contractual basis between the seller and the buyer. If agreed, the terms should be enforceable if there is any disagreement…

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Personal Loan Guarantees

Personal Loan Guarantees – Consider the Implications

  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…

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Lasting Power of Attorney

Most people should consider drafting a Lasting Power of Attorney. For more information contact Pictons 0800 302 9448 info@pictons.co.uk

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leasehold changes

Leasehold changes set to benefit up to 4.5 million people

  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,…

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lending

More Lending Problems for SME’s?

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…

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House Moves Still Permitted During 2nd Lockdown

House Moves Still Permitted During 2nd Lockdown

  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…

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Reducing the size of your workforce

Reducing the size of your workforce

  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…

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SMEs and Lasting Powers of Attorney

SMEs and Lasting Powers of Attorney

  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…

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