Understanding the circumstances when a director could be liable for a limited company’s debts is vital. Without knowledge of this, you as director can never be certain of your own financial security should the [...]
The day-to-day running of a business as director is a highly involved and often stressful job, even when things are going well. When your business is struggling financially and the threat of liquidation is looming [...]
When operating a business it is important that you are able to look critically inwards. It is vital for owners and directors to be able to spot the early warning signs of insolvency, so you [...]
Regardless of whether your business appears to be thriving or if you are struggling financially, it is important that any and all business owners understand the key tricks to determining if their company is solvent [...]
It is important for all business owners to have a clear understanding of the financial performance of their business. This means getting to grips with the merits of cash flow forecast vs profit and [...]
In business, staying on top of your company's financial position is essential for both success and legal compliance. Whether you're managing inventory, monitoring employee changes, or tracking cash flow, understanding where your money is going [...]
You can have an excellent USP, a great product, a dedicated customer-base, and a busy business, but if you aren’t able to maintain a good cash flow, you are straddling a fine line between [...]
Published June 2022 by Steven Wiseglass. Last updated May 2026. If your limited company can't pay its corporation tax bill, you need to act quickly. HMRC takes unpaid tax seriously and has strong enforcement powers, [...]
If your limited company can't pay VAT, you need to act before HMRC does. VAT is considered a trust tax — meaning the money was never yours to keep. HMRC treats non-payment as a very [...]
For any business that has been struggling for long periods of time with little to no respite on the horizon, closing may seem like the only viable option left. However, when you have a debt [...]