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 [...]
If you’re asking yourself, ‘what are the different types of costs in business?”, you’re already taking an important first step towards better financial management. Every business is faced with a range of expenses — from [...]
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 the world of business, having the right structure for you and your operation is vital. It can have a huge knock-on effect on the ultimate success and viability of your business. Selecting the wrong [...]
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 [...]
Are you weighing up the difficult decision of whether liquidating your limited company is the correct move or not? As a director, getting to grips with the liquidation process, and understanding exactly what it [...]