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Monthly Archives: September 2014




29 Sep
2014


Posted in
General news

When VAT and PAYE Arrears can become unmanageable

I have recently come across two limited companies (not connected) who had relied on their bookkeepers to complete VAT returns and make sure that the Pay As You Earn (“PAYE”) was paid on time. In both cases, the bookkeepers seemed too scared to tell the stressed directors what arrears were building up. This meant that […]

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25 Sep
2014


Posted in
General news

The Rise of the Solvent Liquidation

Since the 1st March 2012, any solvent liquidation (members voluntary liquidation or “MVL”) with assets of more than £25,000 needs to be liquidated by a licensed insolvency practitioner to qualify for entrepreneur’s relief.

Prior to that date the distribution of assets could be done informally without the need to actually liquidate.

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01 Sep
2014


Posted in
General news

Auto Enrolment: More Red Tape for Insolvency Practitioners?

In the past, having to consider a company’s pension scheme has rarely applied, so it’s a simple box to tick on our ‘to do’ list of statutory duties. However with the recent Auto -Enrolment changes to the law, it is more likely that pension schemes will be in place for a lot of the companies that we deal with

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