After a bleak ten months of social distancing and intermittent lockdowns, UK businesses hoped that the New Year would also bring new opportunities to restart and rebuild. Unfortunately that wasn’t to be the case, with a third national lockdown coming into effect on Tuesday 5 January 2021. There’s no denying that businesses have been struggling across

2021 has been a challenging year for the economy, and there’s still a long way left to go. The effects of the ongoing pandemic, combined with political and economic uncertainty, and the challenges of Brexit have ensured that the UK is struggling to emerge from the worst recession in centuries. For many businesses, large and

The latest Finance Act has seen the return of the controversial ‘crown preference’, a tool used by the government (or more accurately Her Majesty’s Revenue and Customs, HMRC) to prioritise the payment of crown debts and certain outstanding taxes when a company becomes insolvent. The move, which came into effect on 1 December 2020, is

‘Is number crunching really worth my time and effort?’ Here at Irwin Insolvency, this is a phrase we often hear from small business owners when we advise on cash budgeting, forecasts and financial projections. In our experience as financial planners, we find that small business owners are often dubious about the idea of cash budgeting.