Marshman Price - Business Rescue & Insolvency, Financial Advice News
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New concession lowers tax burden for closure of small businesses A new HM Revenue & Customs extra-statutory concession, coming into force on 1st March 2012, will enable solvent companies to distribute capital assets with a considerably smaller tax burden... Arguably one of the biggest burdens of business ownership is the maintenance of company records. This is certainly more prevalent in small (usually) family-owned businesses where every so often the owner has to sit down and bring his or her books and records up to date... DIY liquidations – Do it yourself at your peril! When advising directors of insolvent companies, we are often asked: “why can’t I just wind up the company myself – it's pretty straightforward, isn't it?... How Do I Know If My Company is Insolvent? As insolvency practitioners, at Marshman Price we are often asked how to tell if a business is insolvent... What is a Personal Liability Notice A PLN issued by HMRC seeks to make a director personally liable for the company's unpaid PAYE and National Insurance debts... A fool with a pen in their hand! Is this a view of a director who grants a personal guarantee for company debts? Possibly a little harsh, but giving a personal guarantee can sometimes be a non-negotiable term of contract or borrowing... Insolvencies have been at unprecedented levels over the past few years and although numbers are reducing, the statistics are expected to remain high over the next couple of years... Raising Money for Macmillan Locally Wellingborough-based Marshman Price Business Rescue & Insolvency is getting behind the Macmillan Cancer charity and taking part in the World’s Biggest Coffee Morning on Friday 23rd September... Financial Help for Businesses That Need to Make Redundancies Although we seem to be coming out of the recession, experience tells us there are still some tough times ahead and that further cost-cutting and reconstruction of businesses may be necessary in order to allow them to carry on trading... The Seven Deadly Sins of Social Media If you’re new to social media marketing or want to get some additional guidance... Can I have time to pay please? Are you struggling to pay your tax/VAT liabilities? If so, you are not alone... Directors warned to keep vigilant Directors of local businesses are being warned to remain vigilant over their responsibilities despite a slow down in liquidations and personal insolvencies... |
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