Loans and Finance

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Thursday, March 26, 2020

Banks Being Banks - Who Would Have Thought It!?


Banks have been criticised by firms and MPs for insisting on personal guarantees to issue government-backed emergency loans to business owners. 

The requirement loads most of the risk that the loan goes bad on the business owner, rather than the banks.

It means that the banks can go after the personal property of the owner of a firm if their business goes under and they cannot afford to pay off the debt.

Their main home would be protected but the bank could go after other assets.

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

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