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 timeframes - 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 timescale 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 "Alan and Anita were extremley helpful, I would not hesitate to seek their advice again". Web Design Company - London
by Ken Greenworth, 28/03/2015 | Permalink | Email this
Going into a Company Voluntary Arrangement is easy. Not going into a CVA when it is the best option is like running a never ending marathon. Some directors do make that decision - they would rather trade on with the debts than start the process of going into a CVA. Trading on when the company is in financial trouble nearly always ends up with the company in a zero cash flow position and is then prevented from going into a CVA and instead, ends up in liquidation. Sometimes it's the fear of the unknown that makes directors resistant from going into a CVA, which is totally understandable. Struggling on has often been a way of life for many business owners and that's a hard habit to break, especially when control is an illusion. Call TaxGone on: 01302 815846 and we can show you how to break the debt cycle.
by Ken Greenworth, 28/03/2015 | Permalink | Email this
Close my company is often the nagging thought from directors that have severe cash flow problems. This is not strange at all as the pressure of stressful days can wear even the toughest person down. Close my company is not a positive thought. It maybe that save my company is a better mantra. The reason why close my company is the most dominant thought is because of the lack of knowledge. If directors become more aware of the huge benefits of Company Voluntary Arrangements, the numbers would triple in a year.
by Ken Greenworth, 27/03/2015 | 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, 27/03/2015 | Permalink | Email this
Are you being persuaded to sign up for a company administration? How has it been sold to you? Have you been told that it stops creditor pressure? Have you been told that a company administration stops the bank from panicking? Have you been told that the business will draw a line over its old debts? Have you been told that the business will carry on trading? Have you been told that the company won't lose its assets? It sounds great doesn't it? You probably think that we were in the room listening to your discussion! Have you been told that you would no longer run the company? Have you been told that you could be sacked? Have you been told that the assets could be sold to the highest bidder which could be your competition? Have you been told that the company administration will allow the administrator to hold you responsible for your decisions as a director? Have you been told that you have no say in what happens to your company? Didn't they tell you any of this? Call TaxGone on: 01302 815846 for a proper chat.
by Ken Greenworth, 26/03/2015 | Permalink | Email this
If you have a winding up petition then the only thing that should be on your mind is to adjourn a petition. One smack of the gavel can change your life. One understanding judge - that's all it takes. Nothing else matters because that buys you time. When you adjourn a petition you will gain up to two months to get your act together. That's long enough. We arrange for more clients to have their winding up petitions adjourned in the Royal Courts of justice than any other insolvency company. We get results! So if you want to Adjourn a Petition then Call TaxGone on: 01302 815846 . What do we do? We save businesses!
by Ken Greenworth, 25/03/2015 | Permalink | Email this
CVA advice is the most important advice that a struggling company can obtain when it is in financial difficulty. Every other move would be to throw hands in the air and walk away. So seek out CVA advice first. It pays to listen! The butterfly effect is seen more and more as events in every country are often felt on a global basis. That would spark off another 2008 financial crisis and many more companies would then be asking for CVA advice. Now, TaxGone can't do anything about that but we can give great CVA advice. If your company needs CVA advice then call TaxGone on 01302 815846.
by Ken Greenworth, 24/03/2015 | Permalink | Email this
If your business has company tax problems you may have considered borrowing from a so called Payday loan company. Although as a company director you could be suffering so badly that a regular pay day for you is a dim and distant memory. Of course borrowing money when you have company tax problems is one possible solution, and this route should be considered if your business can afford to pay interest and you are prepared to offer a personal security against the loan. Alternatively you could talk to Taxgone about your company tax problems. We could have an answer to your cash flow problems which puts the company back on the road to profitability. Talk to TaxGone today on: 01302 815846.
by Ken Greenworth, 23/03/2015 | Permalink | Email this
An insolvency specialist could be pretending to be the Easter Bunny in your local shopping centre. This is because an insolvency specialist has many talents. They have to understand accountancy and legal matters as well as having a solid grounding in the practicalities of how most business are run. So for an insolvency specialist, being the Easter Bunny for a few days is a breeze compared to a normal working day. If your company is suffering cash flow difficulties then the Easter Bunny probably can't help you but a specialist from TaxGone probably can. So Call TaxGone on: 01302 815846.
by Ken Greenworth, 21/03/2015 | Permalink | Email this
Hands up those that want a creditors voluntary arrangement. The answer is none. Nobody wants one because it sounds too official, too serious, too insolvencyish. And yet, ask for a show of hands for those directors that would like a better cash flow and armpits will get a fast airing. Ask who wants to put an end to telephone calls from creditors chasing their bills and the same hands will shoot up. It is a Creditors Voluntary Arrangement that will sort these problems out.
by Ken Greenworth, 20/03/2015 | Permalink | Email this
What's a CVA should be a question that most directors should be able to answer. At one time, a CVA was quite "underground" and very few people knew what one was. However, because of high profile High Street names and football clubs having entered into CVAs - Company Voluntary Arrangements - they have now moved into the mainstream. There are still many accountants out there that still ask - what's a CVA - this is strange but true!