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Company directors have contacted us because of problems they have experienced when they tried to dissolve their companies. The companies had ceased trading – in one case 3 years earlier. However, the Revenue had objected to the companies being dissolved because they were still owed money. In one case the amount owing to the Revenue…

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The majority of contractors who close their companies do so when it is solvent. Happy days! However, there are times when a contractor finds themselves with serious cashflow problems – typically due to taxes they can’t pay. The contractor will need professional help to close the limited company, normally so that they can then take…

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You may recently have read about some changes to the Insolvency Rules. We thought it would be useful to give an overview of what these changes mean for corporate insolvencies in England and Wales. What’s happened? The Insolvency (England and Wales) Rules 2016 came into effect on 6 April 2017. They are the most significant…

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This article on AccountancyAge.com states the case very articulately as to why Accountants are better placed than solicitors for dealing with non-contentious probate cases. Don’t want to get authorised for probate yourself? You don’t need to. There are many firms of Accountants who are not intending to get authorised for probate work because they do…

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The Treasury wants to make sure that advisers (including Accountants) who helped clients avoid tax do not get away without being punished for their part in the tax avoidance. Offending advisers could face fines of up to 100% of the amount their client avoided paying. Tax avoidance schemes cost the Government millions of pounds in…

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