What are the key considerations when making a Will?

Wiseman Admin2020, Private ClientLeave a Comment

Having a valid Will in place is essential for anyone who wants their estate to be passed on in line with their wishes. If a person dies without a Will in England and Wales, their estate passes on in accordance with the intestacy rules – which could have unwanted or unfavourable consequences for the wider family.

Here to help – Legal advice on the Coronavirus Business Interruption Loan Scheme (CBILS)

Wiseman Admin2020, Covid-19Leave a Comment

Following the launch of the Coronavirus Business Interruption Loan Scheme (CBILS), a number of banks are asking owners and directors of applicant businesses to provide personal guarantees on the sums they borrow. This guarantee is expected to be of equivalent value to between 25 per cent and 100 per cent of the amount borrowed, although should not be a main … Read More

COVID-19 Coronavirus outbreak and the impact on residential property

Wiseman Admin2020, Covid-19Leave a Comment

COVID-19 Coronavirus outbreak and the impact on residential property In these unprecedented times, many people are struggling to deal with the economic impact of the ongoing COVID-19 Coronavirus outbreak. The Government has pledged to do “whatever it takes” to help individuals who are experiencing financial distress. But what options are available to help you through these difficult times? Question : … Read More

Coronavirus support for people working through their own limited company

Wiseman Admin2020, Covid-19Leave a Comment

If you work through your own limited company, you will no doubt have been disappointed to discover that the measures announced by the Chancellor last week for self-employed individuals do not apply to you. However, the guidance for the use of the Self-Employed Income Support Scheme (SEISS) advises that there may be two further avenues of Government support open to … Read More

Holiday rules relaxed to allow annual leave to be carried over to next two years

Wiseman Admin2020, Covid-19Leave a Comment

The Government has announced that existing rules around annual leave will be relaxed to allow workers who have not used their statutory annual leave entitlement this year due to COVID-19 to carry it over into the next two years. Most full-time British workers are entitled to 28 days holiday each year, including bank holidays. However, unless allowed for within an … Read More

Suspension of director liability for wrongful trading

Wiseman Admin2020, Covid-19Leave a Comment

The Government has announced important changes to UK insolvency law that suspends director liability for wrongful trading. Seeking to provide reassurance to business directors in light of the ongoing COVID-19 pandemic, the Government has retrospectively suspended restrictions around wrongful trading from the 1 March 2020 for three months Under English law, where a company continues to trade, even in the … Read More

Soft-landing period for MTD for VAT extended to April 2021

Wiseman Admin2020, Covid-19Leave a Comment

HM Revenue & Customs (HMRC) has announced that the second phase of Making Tax Digital for VAT will now be postponed until 1 April 2021. The first year of MTD was subject to a one-year “soft-landing period”, which has seen HMRC holding back from pursuing businesses that should have signed up. Similarly, HMRC has taken a lenient approach in cases … Read More