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15 Dec
2017


Posted in
General news

Accelerated Payment Notices (APN) – What They Mean For You

Unpaid tax: accelerated payment notices If H M Revenue and Customs believe you have been involved in reducing your tax bill using a tax avoidance scheme they can serve an Accelerated Payment Notice (APN) on you. This gives you just 90 days to pay the tax due on the notice and replaces any previous payment […]

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23 Oct
2017


Posted in
General news

Are Dividends Illegal In The Run Up To Insolvency?

The short answer is yes – you can only normally pay dividends from distributable reserves (money left over after settling all costs and which the business can afford to pay). However in a recent case of Global Corporate Ltd v Hale (2017) the judge decided that what the director thought was dividends could be treated […]

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21 Feb
2017


Posted in
General news

An easier time for directors under the new Insolvency Rules?

The Insolvency Rules 1986 are being replaced by the new Insolvency Rules 2016 that will come into effect on the 6th April 2017. The overall purpose is to reduce red tape, make communication with creditors easier (using the internet) and trying to make the whole process cheaper so as to increase the return to creditors. […]

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14 Feb
2017


Posted in
General news

How to “Liquidate” for £10

If the Company has no funds to pay for Liquidation the Directors can take steps to apply for the dissolution of the Company. This means an application is made to strike the company off for a fee of only £10. The following criteria must apply for a striking off: • The Company must have ceased […]

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07 Feb
2017


Posted in
General news

New Kirks Insolvency Hereford office opens

We are pleased to announce the opening of our new Hereford office. The office is situated at the Rural Enterprise Centre off Vincent Carey Road just south of Hereford city centre. The office is run by Wendy George who has worked in the insolvency profession for many years locally and recently passed her insolvency exams […]

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24 Jun
2016


Posted in
General news

Will Brexit increase insolvencies?

As a Liquidator of businesses and a Licensed Insolvency Practitioner I have had a number of people say to me today that “I bet you are going to be busy now”. Unfortunately I think that is correct although there is no logical reason why businesses cannot carry on as normal in the short term as […]

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