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In the UK, directors have a responsibility to manage their companies properly and watch out for any signs of financial trouble. If they fail in this duty, they may be held personally liable for any debts or losses caused by their negligence. In addition to this criminal liability, a director can be disqualified from working […]
If a director, manager or secretary of a company fails to pay VAT, PAYE or National Insurance Contributions (NIC) deductions and HM Revenue & Customs (HMRC) consider that non-payment was due to fraud or neglect, then they have the power to issue the individual with a Personal Liability Notice (PLN). […]
Find out how taking early action and following effective steps can help businesses minimise the threat of insolvency. […]
Why HMRC may focus its attention on certain companies to recover lost tax revenue, and as an accountant and business owner, what you should expect in a tax investigation. […]
When a director fails to fulfill their legal responsibilities, they run the risk of disqualification. The rules of disqualification are laid down in the Company Directors Disqualification Act 1986 (CDDA); the act is designed to restrict the abuse of the limited liability company structure. […]
