Welcome to TG News – we hope that you find our Blog News Channel interesting, informative and a temptation to collaborate.
This is not where you will find the general insolvency news, that’s in our SME News section. This is where you will find tidbits of breaking news that is released as it breaks – and not all of it relevant to the Insolvency Industry!
by , 08/07/2013 | Permalink | Email this
Testimonials and feedback from past clients that have used our services: "Our business was faced with a difficult situation that became out of the control due to short time frames - Through TaxGone we were able to enter into an arrangement, fully resolve the dispute and protect a significant proportion of the creditor balances." Maintenance Firm - Ipswich "After being almost shafted by "BT" not the telecoms BT, it was a pleasant surprise to deal with you and your staff." Engineering Firm - Bury "The advice and service I received was excellent, and very reassuring, at a very stressful time." Taxi Firm - Leicestershire "Your service for my voluntary liquidation was excellent. It is a highly stressful and confusing process to go through. Your staff were considerate and patient. They explained the process carefully and it was the first time in over a year that I fully understood it." Website Production Company - Leeds "Incredible people, incredible service, sometimes CVA may be your best choice." Textile Firm - Manchester "Alan was very helpful and both business like and friendly." Clothing Firm - Surrey "Very friendly company and quite happy" Furniture Company - London "TaxGone offer not just a professional service, but go above and beyond what is required by their clients, to make you feel there is light at the end of the tunnel no matter how bleak things seem." Building Company - Hampshire "The representative who highlighted the problem in the first instance then proceeded to offer valuable advice in relation to resolving the matter in the most efficient and cost effective manner." Waste Management Company - Liverpool "Tax Office DM: They are really helpful and supportive on personal level." General Store - London "I was advised by Alan of TaxGone with regards to how to deal with a winding up petition; the advice that I received was excellent. I would have no problem whatsoever returning to TaxGone for any future advice." Building Company - Derbyshire "I think the service I received from Alan was very good and I think you have a very valued member of staff on your team. I would recommend your service to anyone." Support Services - Birmingham "The Company Voluntary Arrangement allowed us to draw the line and start again, but with more knowledge from past experience. The banks gave me a little hassle but that was because they don't have a lot of info on what to do with a CVA client. I stuck it out and argued the case and they got there in the end. 2 months after the CVA we now have calm and carrying on with business." Security Company - Wiltshire "When help was needed the company contacted 3 similar solution providers, but on closer inspection only TaxGone were able to give straightforward answers in the available time frame and then steer us to the best solution without pressure." Building Company - Yorkshire "Many thanks for the professional manner that our case was handled with." Electronics Store - Dorset "Excellent and prompt service provided." General Store - London "TaxGone did everything they said they would. They enabled my company to restructure its outstanding HMRC debt and allowing us to repay in a realistic time-scale at an amount that does not prevent the company from expanding, taking a great weight from my shoulders. I would recommend them to anyone in business." Recruitment Company - West Yorkshire "Very helpful, fast response from staff, and would highly recommend this company to fellow directors who are facing tough decisions". Construction Company - Kent "I would not hesitate to seek their advice again". Web Design Company - London "TaxGone are Empathetic and thoroughly professional". Training Agency - London "A prompt and helpful service that listened to my HMRC problems which at the time was appreciated as a listening ear that did provide comfort." Construction Company - London "The service I received from TaxGone has been excellent and I have been delighted with their knowledge and professionalism, particularly with the provision of the mannerism in dealing with sensitive nature of my issue". Catering Company - Tipton
by Ken Greenworth, 14/03/2016 | Permalink | Email this
What is a CVA?
Three little letters could mean the difference between closing your company and expanding it.
There are many companies that are in financial difficulties that have never heard of what these three letters can do.
So what is a CVA ?
A CVA is a Company Voluntary Arrangement.
A CVA is a deal between a company and its creditors that allows debt repayment to be made out of future trading profits.
This saves the company from being wound up and doesn't saddle the company or director with more debt.
So now you know the answer to what is a CVA - perhaps you could call TaxGone on 01302 815846 and find out a little more.
by Ken Greenworth, 07/03/2016 | Permalink | Email this
There are many an insolvency definition that suits an inquirer. For a director it is probably the time at which a director has to tell his family that there is a problem at work!
This is when the booked holiday can't be paid for or the extension finished or even the mortgage can't be paid.
This is the result of an insolvency definition in action.
It is when you can't pay the bills on time and have run out of things to sell. Ouch!
If you think that your business falls into the insolvency definition category then call TaxGone on: 01302 815846 and we will see if there is enough time to put the clock back.
by Ken Greenworth, 02/03/2016 | Permalink | Email this
A frozen bank account can leave you cold! You probably never thought that it could happen and you probably never took precautions in case it did. If the frozen bank account was as a result of an advertised winding up petition, then we can help you. We can assist you in applying for a validation order that will allow you to access your funds for various purposes. This will keep your company trading whilst you decide the next course of action for dealing with the winding up petition. If your frozen bank account is giving you grief then call TaxGone on: 01302 815846 and we'll try to make life so much simpler for you.
by Ken Greenworth, 29/02/2016 | Permalink | Email this
Most people will not remember the simple pleasure of a long walk on a seafront. Certainly most will never have known anyone dressing up to have the walk. Times have changed. But some things remain the same. An insolvency consultant can really understand your business and especially so if it has a cash flow problem. Technology may have changed businesses beyond recognition but the problems are the same and many of the solutions have been around for 30 years. However, as any good insolvency consultant will tell you, liquidations have been sold far too often to directors when the business could actually have been saved. Call an insolvency consultant from TaxGone today on: 01302 815846 and we'll show you how to save your company that will allow you to de-stress and take a little time out to smell the roses or even the sea air.
by Ken Greenworth, 24/02/2016 | Permalink | Email this
There are over 50 directors a day that are appointing a liquidator, you are not alone. The decision may be based on their accountant's advice or that of a friend. But there is no doubt that wherever the advice did come from, the decision was not an easy one. Appointing a liquidator is one of those very simple tasks that can have a complicated outcome for a director. There are always pieces missing out of a jigsaw and those pieces are really the bits you need in order to see the full picture. The missing jigsaw pieces are probably those that can complicate your life. One piece may be related to what the vat will do on your next company, the other may be related to a director's loan account, whilst the third missing piece may be about dividends. These are key pieces that you should have been given before appointing a liquidator. Without these missing pieces it is very likely that you will be in a worse position after appointing a liquidator than before. Appointing a liquidator is simple. Dealing with the fallout of a liquidation can be difficult. Talk to TaxGone today on: 01302 815846 and we'll take you through what a liquidation means for your situation.
by Ken Greenworth, 22/02/2016 | Permalink | Email this
Feeling trapped by your business debts can be soul destroying, a business is supposed to increase an owners net income not reduce life expectancy. However, when company debt problems arise this is often what happens. If directors become more aware of the huge benefits of Company Voluntary Arrangements, the numbers would triple in a year. Any company with a cash flow problem has the potential to be rescued by a Company Voluntary Arrangement. If your company has a viable future, but current cash flow problems have resulted in mounting pressure from creditors, then a Company Voluntary Arrangement could be just what you need. Its a low cost insolvency solution that saves businesses and as the company is not closed, the directors are not subject to a liquidator's investigation into whether they allowed the business to trade on whilst insolvent. Speak to TaxGone today about the benefits of a Company Voluntary Arrangement and if it's the right solution for your company debt problems.
by Ken Greenworth, 17/02/2016 | Permalink | Email this
A bankrupt business can appear from nowhere. Just walking down your local high street and you'll no doubt find heaps of boarded up shops and outlets, some still littered with their last days closing down sale banners.
You may be running a bankrupt business right at this moment. You may not know what to do.
You could put your business into voluntary liquidation or you could save it. It's your choice.
We would like to save your bankrupt business because that's what we do.
We're company rescue and will talk you through all the options available to you, so call TaxGone on: 01302 815846 and see what we can do for you.
by Ken Greenworth, 15/02/2016 | Permalink | Email this
Some bright spark scientists claim to have worked out what tail wagging on dogs indicates, maybe your dog has figured out your company is going into a CVA and has configured the wag accordingly, two right wags followed by an up and down movement we believe. This is quality research and we can really see a time when the "Observer book of dog wags" hits the shelves, it would be a sell out for sure and we can't wait for the Kindle version as we would really love to know what someone's pit bull is thinking before it launches it's attack on a pretty face! Following some research into the various noises made by company directors under pressure from creditors, although sometimes they are hard to decipher due to their heads being firmly embedded in the sand, we have found the following:- There is a plaintive cry as another envelope marked HMRC drops onto the mat, followed by a mournful groan as the contents are read and digested, followed by tears of joy because you decided to do something about it and you know your company is going into a CVA, and the pressure release valve is already working! So if you are contemplating going into a CVA call TaxGone as we are experts in the matter, we can teach old dogs new tricks, but only if you pull your head out of the sand and call us!
by Ken Greenworth, 10/02/2016 | Permalink | Email this
When the VAT Inspection is booked panic can often set in. Out comes the many storage boxes and everyone is hunting for receipts, credit notes and as many offsets that can be found in order to balance the books or reduce liabilities!
Some well run businesses take it all in their stride. A VAT Inspection is a walk in the park for them.
If your business has been ravaged by a VAT Inspection then you may be facing insolvency action in the coming weeks.
If this is the case then Call TaxGone on: 01302 815846 and we can show you how this can be dealt with in a simple painless manner.
by Ken Greenworth, 08/02/2016 | Permalink | Email this
A Pre Pack is a cross between a magic trick and a wining lotto ticket, both of which put smiles on your face.
When your chips are down it's easy to take the fast option. Sometimes that's a mistake. Liquidation is the fast option but Pre pack could be the lifeline that you are looking for.
If you want to keep in business but really don't want to pay back money to your creditors, then a Pre pack could be a great option if there are valuable assets in your business.
Why don't you ring TaxGone on: 01302 815846 and see if a Pre pack is right for you.
You may be very surprised how quickly you can get your business trading profitably again.