The restoration of Crown Preference – the implications

Happy New Year and welcome to our January 2021 article on the restoration of Crown Preference. Click here to read the previous article on these matters. For almost 20 years, taxes collected by UK corporates for payment to HMRC have ranked as ordinary unsecured debts on an insolvency. But, back in 2018, along with various…

Adding to your team? Employee or consultant?

Many fund managers believe that it is better to hire new staff as consultants rather than employees. But consultants aren’t always cheaper than employees, and the undoubted advantage of flexibility may be offset by other factors. This article assesses the relative merits of consultant and employee status. For many fund managers, it is axiomatic that…