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, 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.
by Ken Greenworth, 03/02/2016 | Permalink | Email this
Get freedom with free insolvency advice. Some companies charge for insolvency advice which is fine if the client is a major company, as the work involved may run into hundreds of thousands of pounds. But when we are talking about small businesses then why charge.
You wouldn't pay a plumber to give you a quote to fix a leak. It's no different. Free insolvency advice remember, is also a pitch for work.
Because the nature of insolvency problems means that the client is often desperate to have the up problems resolved, there is a tendency for the client to grab at the first given solution.
This can also be a mistake especially when the client may feel obliged to instruct the advisor having been given free insolvency advice.
You're in charge - keep it that way. How do you know what is the right decision if you have only spoken to one advisor? You don't, so take your time and then decide.
Call TaxGone on 01302 815846 and pick our brains and then compare us to our competition.
by Ken Greenworth, 01/02/2016 | Permalink | Email this
Closing a limited company down is never an easy decision. The cost for a small business to liquidate should be from £3,500 plus vat. If the money is sat in the company then the liquidator should take the money from there. Any director would be wise to insist on a dry run liquidation prior to engaging the liquidator so that any claims can be highlighted first so that the unexpected doesn't happen and claims can be catered for. Closing a limited company down is stressful enough without having to find personal money when not budgeted for. Doing a dry run liquidation will also highlight whether saving the company would be a better option, through the use of a Company Voluntary Arrangement. If there is a winding up petition in place then the time frame to act on the advice is shortened. Talk to the friendly bunch at TaxGone before closing a limited company down on: 01302 815846 where better decisions can be made.
by Ken Greenworth, 27/01/2016 | Permalink | Email this
Business cashflow problems can happen in a split second. One minute everything is flowing smoothly and the next a disaster can strike. This could be a fire or flood. An Act of God. It is so hard to make contingency plans for every eventuality and so routes that may have thought to be no go areas may have to be the correct path to take. If business cashflow problems persist then it is important to look at ways to rectify the situation very quickly as another disaster could strike which could be terminal for your company. Call TaxGone on: 01302 815846 and review all of our company rescue packages that we have on offer. If you want to get rid of your business cashflow problems for good then let's get started.
by Ken Greenworth, 25/01/2016 | Permalink | Email this
Many Company Directors forget things. Once upon a time they all had secretaries to do the reminding. Now all of that has gone and the work load has mounted up to such an extent that things do get left behind, such as that HMRC demand for unpaid PAYE! Money gets used for survival and that’s where the hole begins. A winding up petition may follow and the hole deepens. Choices become limited and desperation followed by panic rises. If your business fits this scenario then relax and take the panic out of the situation by checking out a Company Voluntary Arrangement. Company Voluntary Arrangements work because the repayment plan is the best deal that a creditor could get, as the debtor is a limited company and therefore liquidation may result in a lower return. You have nothing to lose by checking out a CVA, call today on: 01302 815846.
by Ken Greenworth, 20/01/2016 | Permalink | Email this
If may be necessary for a director to cease trading and put their company into liquidation. If the company is struggling and unable to continue trading, perhaps due to a downturn in business and the weight of outstanding debts and creditor pressure. If you are considering closing a limited company through a liquidation then consider the decision at the offices of TaxGone. A liquidation will cost you from £3,500 plus vat and will be explained fully in jargon free language to eliminate shocks. But you may find that company rescue could be on the horizon. We will also look at your situation and discuss with you all options that are available to you. Call TaxGone today on: 01302 815846.
by Ken Greenworth, 18/01/2016 | Permalink | Email this
You may feel that you are drowning in debt and that catching any breath is becoming more difficult by the minute. Maybe all you want to say is - liquidate my company. It could be that you can't see beyond the next wave of despair. Your brain may be shouting - liquidate my company because no other solution is evident. But when you can only say - liquidate my company, there will be many companies in the UK that will do just that without helping you to explore the alternatives. This is because it is an easy process for both you and them to press the liquidation button. But do you really want that. Think of all of the really hard work that you have invested into the business. Do you want to dump all of that? You can only think of dumping all of the stress. But what if that stress and debt can be significantly reduced to such an extent that you are freed up to be spontaneous and inventive once again. Would you then have the enthusiasm to carry on? We think so. Call TaxGone on 01302 815846 and let's explore the possibilities together.
by Ken Greenworth, 13/01/2016 | Permalink | Email this
Winding up a company for a director is like getting on a giant Helter Skelter as you will always find that there is one more turn that you didn't quite expect.
Some directors, when they want to wind up a company that they own, issue a Winding up Petition.
In many cases the result is the same as a creditor winding up the company - the Official Receiver would get involved and a possible investigation would take place.
When winding up a company, if there is no business to salvage, then a Voluntary Liquidation may be better as the very predictability of the process often suites directors, if only to the extent that the director will always know who to speak to and be able to keep in contact.
If you want to look into Winding up a Company then it makes good sense to Call TaxGone on: 01302 815846 so that every angle can be looked at before committing yourself.
by Ken Greenworth, 11/01/2016 | Permalink | Email this
Britain is now an island of National Parks and no-go areas. There's not much in-between apart from settlement melting pots of people that have never spoken English.
In the next century the British will marvel at how visionary the National Trust was.
There will probably be competitions to define what being British means. They won't be able to ask anyone because indigenous people will be rarer than rocking horse mess.
What will business look like in a hundred years time? Some people believe that the big stores will be gone and replaced by the Internet and massive sole trader markets. If that's the case then Britain should have one of the most diverse markets in the world.
There certainly won't be any Winding up Petitions any more as all of the companies will be long gone.
At least 50 years ago the future held some predictability even if we did think that we'd be living on Mars by now!
You can be sure that, had we moved to Mars, a courthouse would have been one of the first public buildings to have been erected, so that winding up petitions could still be issued.
Issued with a Winding up Petition? Then contact TaxGone on: 01302 815846.