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We all know that Taxes should be paid when they fall due, however HMRC will usually agree a payment arrangement, known as Time to Pay (TTP) in order to clear any arrears. Here are 5 top tips to help you and your clients achieve the best outcome with HMRC […]
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. […]
The introduction of Accelerated Payment Notices (APNs) by the Finance Act 2014 remains one of the most talked about measures introduced by the UK tax authority to clampdown on what it considers to be tax avoidance. […]
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. […]
Company Voluntary Arrangements (CVAs) are an insolvency procedure designed to rescue a business through a re-structuring of its liabilities to creditors. […]
When it comes to a company entering into liquidation there are some important differences between the compulsory and voluntary routes, not least for the directors of the company. […]
Directors have a legal duty to ensure that their company is not trading whilst insolvent. But what does “trading whilst insolvent” really mean and how can it correctly be identified? This article provides an overview of the insolvency tests that can be applied to help company directors make an appropriate assessment of the situation. […]
The number of people being declared bankrupt has reduced sharply in recent years, possibly because the threshold required for a creditor to issue a bankruptcy petition is £5,000. […]
We discuss the impact of intermediaries’ legislation (IR35) on contractors and their Personal Service Companies (PSCs). […]
