Every company must pay corporation tax once every 12 months. Unlike income tax, corporation tax does not have a particular payment date. Instead, companies will submit their corporation tax according to their own accounting period. If payment is even a single day late, the company in question will suffer a penalty of £100. This penalty…
Read MoreWhen banks or private institutions lend money, they tend to require some kind of security for the debt. This is to mitigate risk when giving out a loan, as lenders can repossess collateral assets in the event the borrower cannot repay the debt. This is to be expected from most, if not all, borrowers, regardless…
Read MoreIt’s essential for small businesses to have a solid understanding of their cash flow. Money is often tight, and must be carefully managed into a steady budget. Failure to do so can result in unstable finances, causing wasteful spending or restricting growth opportunities. Moreover, mismanaged payment processes can lead to fines, penalties, and even legal…
Read MoreYes, it is possible to close your business and walk away, but there are many variables, and a lot depends on your company’s financial position. Reasons why a business owner may want to close their company and walk away, could also include: retiring moving into full-time employment not enjoying the experience of running your own…
Read MoreFor the vast majority of contractors, there comes the point where the decision to close their company must be taken. This could be for several reasons, including transitioning to a more profitable PAYE role, or to simply retire. For PSCs, or personal service companies (most commonly used by contractors), closing is almost certainly going to…
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Toyah and Nicholas were brilliant in sorting the MVL out for one of my clients. They kept me updated all the way through the process, and the client was delighted with how easily it all went through. I have since referred another case to Clarke Bell – it is very reassuring to know that we are in such safe hands. Many thanks. Martyn
Martyn Thacker
Clarke Bell Ltd were excellent with every aspect of our Members Voluntary Liquidation and in particular they were great value for money. Our contact, Nicholas was extremely professional, most thorough and reached all deadlines to our total satisfaction.
Steve Dawson
Clarke Bell were very good to deal with during the closure of a business I worked for. Although the closure of the business was complicated and slow, Clarke Bell kept me up to date on everything happening and were very helpful. I would highly recommend them.