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October 2007

Issue 4 - Oct 2007. Debt recovery in your business

Mon, 01/10/2007 - 01:00 — Georgina Smith

This month we discuss the issue of debt recovery in your business.

Sydney Mitchell knows that the main priority in any company is to develop and manage the business without distractions and that includes trade debt recovery.

With old debts often turning into bad debts companies could find themselves with cash flow problems which could potentially lead to insolvency. Sydney Mitchell recognises these issues and can offer a solution to your debt recovery.

Pre Nuptial Agreements

Mon, 01/10/2007 - 01:00 — Georgina Smith
As recent reports suggest, Sir Paul McCartney could be paying out anything up to £60m following the split with his wife Heather Mills earlier on in the year. With Sir Paul allegedly refusing to have a pre nuptial agreement signed, this costly and very public separation may have been avoided.

With pre nuptial agreements becoming more common place, and as they are not currently legally binding in the UK, the question is would they stand up in court?

Lasting Powers Of Attorney - A Good Thing?

Mon, 01/10/2007 - 01:00 — Georgina Smith
Just as I started writing this article on Lasting Powers of Attorney the news broke about Inheritance Tax. The idea of Death Duties was started about 2000 years ago by Emperor Augustus to provide for soldier's pensions. It is still a tax on inherited wealth but the increase to £600,000 is welcome. However, prudently drawn Wills for a husband and wife would have ensured that both nil rate band allowances of £300,000 would have been utilised meaning that £600,000 would have passed to the children free of Inheritance Tax.