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Directors often put profits back into their company, but there comes a time when a director will want to take some money out. This could be for a range of reasons, but the question remains the same – how exactly do you take money out of a limited company? In this article, Clarke Bell will…

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For businesses with cash flow or debt problems, accessing a revolving credit facility can often seem like the quick way to bring more cash in without increasing sales. Unfortunately, for some businesses, although a credit facility will boost cash flow in the short term, if a business has structural issues, it may not be the…

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For company directors, efficiency is one of the most important priorities when considering winding up operations. An efficient procedure means more retained profits go to shareholders, making for a more comfortable retirement, or serving as a healthy injection of capital for a future venture. However, with several methods of closing a company available, it can…

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Contractors commonly wind up their companies at one stage or another, for a wide variety of reasons. A contractor might close their company to pursue another venture in a different industry, take on a salaried position, or retire. In any case, this decision to close makes for a lot of work, especially if tax savings…

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The construction industry is not an easy one to work in, especially for small enterprises and sole traders. It is an industry that demands a significant amount of effort from those that work within it, and can be quite competitive in some cases. Unfortunately, some companies can take this competitiveness to an unpleasant level, attempting…

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