If your company is facing financial difficulties, such that repaying creditors on time becomes impossible, then it is likely that your company will receive a CCJ, or County Court Judgement, before long. Alternatively, a CCJ could be issued as a result of director mistakes, such as being disorganised in their creditor repayments. Regardless of how…
Read MoreEvery year, HMRC collects a substantial amount of money through Corporation Tax. This figure has increased significantly in recent years, even breaking annual collection targets. While this could be partially due to increased revenue from businesses translating into higher tax income for HMRC, it is also due to a lower tolerance for tax evasion. Although…
Read MoreCorporation Tax is an expense all companies must budget for. It is a tax linked to a company’s profits and must be paid every twelve months as part of a company’s year-end accounts. However, although it is a regular expense, it is not uncommon for directors of struggling companies to fail to budget for their…
Read MoreFor struggling companies, regaining control over their finances is paramount. If their financial situation continues to deteriorate, insolvency is highly likely, which carries a range of negative consequences for the company and its directors. As such, any tool that can be used to help remedy the situation should be strongly considered. One such tool is…
Read MoreIn business, various situations can arise wherein removing directors from your company is necessary. This could be due to problems that occur when working with certain individuals, or reasons as simple as you yourself would like to move on from your current company. Whatever your reason, it pays to know the details of how you…
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