Ban for Kent takeaway boss who hid sales to avoid tax Good View takeaway on Watling Street in Dartford was incorporated in April 2016, with Yue Chang Dai (56) the sole Director. The Company was unable to pay its debts and was placed into...
Read more...
Latest company and individual insolvency statistics remain low. The latest monthly release of insolvency statistics for England and Wales was published on 19th February 2021. * Overall numbers of company and individual insolvencies have...
Read more...
One of the benefits of running a limited company is that Directors can take the majority of their remuneration as dividends, which is typically a more tax efficient method than taking a PAYE salary. The timing of dividend payments must be...
Read more...
Two company directors who provided prospective shareholders with false information to secure millions in investments have been banned for a total of 17 years. Lee Anthony Skinner has been banned for 10 years, while Karen Ferreira has...
Read more...
Proposals have been outlined by the government to increase the financial eligibility criteria for debt relief orders (DROs), helping more people deal with financial difficulties to get a fresh start. Research shows that the demand for debt advice...
Read more...
HM Revenue & Customs (HMRC) has increased the threshold for Self-Assessment taxpayers to use its online self-service Time to Pay payment plan service from £10,000 in tax liabilities to £30,000. This has been put into place to help...
Read more...
Latest company and individual insolvency statistics remain low. The latest monthly release of insolvency statistics for England and Wales was published on 15 January 2021. * Overall numbers of company and individual insolvencies have...
Read more...
Construction firms are likely to face a significant squeeze to their finances when new rules on how VAT is collected by the building and construction industry come into effect 1st March 2021. The changes - the Domestic Reverse Charge (DRC) -...
Read more...
Latest company and individual insolvency statistics remain low. The latest monthly release of insolvency statistics for England and Wales was published on 15 December 2020. * Overall numbers of company and individual insolvencies remained...
Read more...
Government (belatedly) reintroduces suspension of wrongful trading rules The wrongful trading suspension was reactivated by the UK Government last week. What does this mean? In insolvency, directors that side-step their legal and fiduciary...
Read more...