What recent changes to MVL's means for accountants
Liquidation isn’t always an unplanned financial disaster. Solvent winding up are quite common and sole traders, partners and directors voluntarily... [Read more...]Filed Under: liquidation, MVL
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UK government to clamp down on insolvency misconduct
The British government are, they say, dedicated to making sure that the United Kingdom remains one of the best places on Earth to set up and grow a... [Read more...]Filed Under: Insolvency
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What is the order of priority of payments when a company is liquidated?
When all other avenues have been explored and exhausted and the debt is overwhelming, a company may have little choice but to go into liquidation. This... [Read more...]Filed Under: liquidation
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What To Do If You Miss the HMRC's Tax Return Deadline
You are legally obliged to declare your earnings and submit a completed tax return every year if you run your own business and, if you are a PAYE employee... [Read more...]Filed Under: tax return, income tax self-assessment
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What to do with a redundancy payout if you're in debt
It seems as if the United Kingdom - and even the entire world to a certain degree - has been firmly in the grip of financial uncertainty forever. The... [Read more...]Filed Under: personal debt, Redundancy
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Number of UK Companies Suffering Significant Financial Problems on the Rise
While most companies think of their finances in terms of quarters and run to the ‘tax year’, there’s still something about a new calendar year that... [Read more...]Filed Under: Financial recovery
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5 lessons we can all learn from the collapse of Toys R Us
In one of our recent blogs we explained some of the major differences between liquidation and administration (liquidation is the formal closure of a... [Read more...]Filed Under: administration
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What are the differences between liquidation and administration?
When things start to go wrong in business, people can panic. And while panicking isn’t a fun thing to do, it can sometimes be useful. It can propel a... [Read more...]Filed Under: Insolvency, liquidation, administration
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Here's Exactly What to Do if You Can't Pay Your Corporation Tax
It’s not a good idea to upset the taxman. In an ideal world, every single business would be in a plum financial position; never needing to worry about... [Read more...]Filed Under: Corporation Tax, VAT
