When a business encounters financial problems it is often the accountant that is the first port of call, or it may be the accountant or bookkeeper that realises that a problem is developing. As insolvency practitioners for accountants, who will often need our services to support their clients when a serious financial problem arises. One […]
Questions Frequently Asked by Company Directors
Are directors responsible for the company’s debts? The simple answer is – NO. The only time that a director will become liable for the company’s debts is where the director has given the creditor a personal guarantee in relation to that debt and that creditor receives less than 100p in the pound from the insolvency. […]
Important Changes to Tax Legislation Regarding Entrepreneurs’ Relief..
In yet another attempt by the Government to increase its revenues, the latest scheme being promoted is a change in tax rules concerning the availability of Entrepreneurs’ relief, which many tax experts believe will be effective from 6 April 2016. The trend of tackling tax avoidance schemes seems to be a continuing theme with new […]