The process to write off directors loan accounts (DLA) may not be well-known. However, for businesses navigating financial challenges, it can be pivotal. This blog will unravel the intricacies surrounding DLA write offs, shed light [...]

As owners and directors navigate the intricate financial waters of running a business, one recurring challenge often looms large: Corporation Tax. This tax, levied on the profits of businesses, is a fundamental obligation for all [...]

When it comes to serious financial upheaval, where the need to resolve debt quickly and efficiently is key, it is crucial that you understand the important role each of the different types of creditors in [...]

While it might be common knowledge to have an understanding of what happens to a business entering into liquidation, or even a director once it has folded, not many will understand what happens to a [...]

In the often intricate and challenging world of business, the term ‘liquidation’, quite rightly, carries a great deal of weight and significance. The process is an often pivotal moment in the life of any business [...]

Generally, the director of a limited company will be protected from the debts of their firm by limited liability. However, the existence of a personal guarantee will only muddy this. If a debt has been [...]

Closing a limited company with debts to HMRC is an incredibly involved and complex situation.  In business, unpaid debts owed to HMRC can be a foreboding prospect. For company owners, the repercussions of this [...]

In business, maintaining a positive relationship with suppliers is vital to continued, seamless success of your company. However, if you are struggling with poor cash flow, it can be easy to find yourself also [...]