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
"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 Davis 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
by Ken Greenworth, 24/04/2014 | Permalink | Email this
Some mornings you wake up and are startled by the beauty of nature. Other mornings, and that's most, we are so wrapped up in our busy lives that we don't stop to smell the roses. It's things like a winding up petition that can stop us in our tracks. Whenever a director receives one of these documents, their usual tack is to call either their accountant or solicitor, or both. Quite often it is the accountant that calls the director to pass on the bad news that a winding up petition has been served. This is because some companies have their registered office at their accountants. If you have received a winding up petition then come straight to the experts and Call TaxGone on 01302 815846 for fast action.
by Ken Greenworth, 23/04/2014 | Permalink | Email this
Company liquidation advice is very easy to come by. Sometimes it becomes very confusing when we see some companies that keep on trading when clearly they are insolvent. Rules are bent when it is deemed to be either in the Public interest or in the interest of those in power. However, for a small business without a voice, the insolvency rules apply and company liquidation advice is well worth while, as without it, your company and ultimately, the directors, could be in a great deal of trouble. Company liquidation advice for small companies is or should be free. Call TaxGone on 01302 815846 to find out the best route for your company.
by Ken Greenworth, 22/04/2014 | Permalink | Email this
Some business plans are doomed to failure and end up requiring company debt help in the end. Look at Battersea Power Station, once held in private hands by the owners of Alton Towers. Millions of pounds have been spent on grandiose ideas to transform the building to such an extent that any new proposal is now relegated off the front page. Any business can benefit from company debt help when it extends itself beyond its cash flow. Whilst ambition is great, reality is where cash flows live. If your company is facing hard times and may need company debt help then Call TaxGone on 01302 815846.
by Ken Greenworth, 21/04/2014 | Permalink | Email this
Free business debt advice should be exactly that - free. You should only be charged for work completed and some of that charge, or even all of it should be performance related. If the advice is that good then the advisor should be confident enough to risk fees. We know that you agree with this - so why listen to people that want to charge you up front? !!!! Would you take free business debt advice from a weird looking bloke on a push bike? We hope not! How about from an accountant that just wants a brown envelope from an advisor for the introduction - We don't think so! Call TaxGone on 01302 815846 for free business debt advice.
by Ken Greenworth, 20/04/2014 | Permalink | Email this
One minute it's glorious sunshine and the next there's a downpour. Business is just as fickle. Booming one minute and the next you are having to be an expert at closing down a limited company. Something that you thought would never happen. Closing down a limited company is not as simple as you may have been told. Yes, it is simple to sign a few bits of paper and attend a quick meeting. However when you start closing down a limited company, the liquidator will have to ask you questions that you may feel uncomfortable with. Call TaxGone on 01302 815846 to checkout whether you are going to need an umbrella.
by Ken Greenworth, 19/04/2014 | Permalink | Email this
No matter what time it is, it's always later than you think! An HMRC time to pay demand always is a pain as it often comes at the wrong time. But there is never a good time! Great HMRC time to pay deals are long gone and the pressure for tax collection is greater than ever. Their patience has run out and a winding up petition may be their next step. If you have received an HMRC time to pay demand then call TaxGone on 01302 815846 and we'll show you how you might be able to write off some of the debt.
by Ken Greenworth, 18/04/2014 | Permalink | Email this
Don't be under an illusion about any business liquidator. They all will leave no stone unturned in order to investigate the activities of a director when liquidating their company. A business liquidator has a duty to the creditors to do this. So if you have been paid dividends in the last two years or have an overdrawn directors loan account or even have run up excessive expenses, then a business liquidator will be asking some awkward questions. There are other options than having a business liquidator on the other side of the table. Call TaxGone on 01302 815846 and find out more.
by Ken Greenworth, 17/04/2014 | Permalink | Email this
Most company directors either want or need HMRC tax advice. However you may as well ask a headless mannequin for answers rather than HMRC as you will either not be able to get through on the telephone or if you do, not receive an answer that's helpful. You will probably be referred to their website! Remember, it's not their job to advise you. If you owe HMRC back taxes exceeding £20,000 and need HMRC tax advice then call Call TaxGone on 01302 815846. We'll make sure that we have our heads well and truly screwed on when we give you great HMRC tax advice so that we can help you to keep your company trading.
by Ken Greenworth, 16/04/2014 | Permalink | Email this
Business rescue services come in all shapes and sizes. Most service providers just want your money. We do too but in order to get it, we have to perform and succeed first. Now that's a breath of fresh air. Some Business rescue services don't have the right resources to save your business. In fact, they may not even try. Just as we wouldn't drive an open top smart car in the British weather, we wouldn't try to persuade you to either. But some business rescue services advocate liquidation but would avoid it themselves in favour of keeping their company trading with the assistance of a rescue package. Call TaxGone on 01302 815846 and we can arrange a meeting to keep you trading.
by Ken Greenworth, 15/04/2014 | Permalink | Email this
To stop a winding up petition you need the right tools as you do with any task. You might have seen the winding up petition coming like a train that you couldn't stop or you might have thought that if the train was coming, it wouldn't be much of one. Well, if you have a winding up petition sat on your desk, then you were wrong! If you want to stop a winding up petition then you need to go for an adjournment unless you either don't want your company or have the money to pay off the debt. The chances are that you want to keep on trading but don't have all of the demanded money available at the present time. You may even be persuaded to liquidate when you don't really want to. You may have not been made aware of the alternatives. You may not even know how to stop a winding up petition. Call TaxGone on 01302 815846 to avoid the train that you really don't want to get on and to allow us to put you back on the right tracks.