What an insolvency practitioner charges for their service will depend on a number of different things, including what particular service they are providing for you, the complexity of your case and the firm’s own pricing strategy. The nature of insolvency practitioner charges Given the above, it is impossible to give a general answer to the…
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Liquidating your company is a big decision and is not something that should be done lightly. Before you decide to liquidate your company, you should speak to an experienced Licensed Insolvency Practitioner to make sure that you pick the best option for your situation. There are a lot of Insolvency Practitioners who can help you…
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When you want to close down your (solvent) company and extract the profits, a Members’ Voluntary Liquidation (MVL) is often the best option. An MVL could allow you to extract the profits whilst paying tax at a marginal rate of 10%. The whole process is extremely tax-efficient, so could end up saving you thousands of…
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Despite both terms relating to companies that have debts, a CVL and a CVA are actually two very different processes. The main difference between a CVL and a CVA is that with a CVL your company is liquidated and ceases to trade; with a CVA your company continues to operate. There is a lot more…
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HMRC has announced that a new more ‘enhanced’ version of the official ‘check employment status for tax’ (CEST) tool will be released before the end of 2019. The tool will help employers to categorise their contractors for tax purposes when the new private sector IR35 reforms come into effect next year. The announcement that came…
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