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, 28/02/2015 | Permalink | Email this
What is a CVA is a question that keeps on surprising many insolvency consultants. A CVA is a Company Voluntary Arrangement which is a financial mechanism that utilises part of the UK insolvency regulations to allow a company that is insolvent to trade on with a repayment plan in place. No matter how many football clubs enter into Company Voluntary Arrangements, most company directors forget what one is and ask - what is a CVA and as a result, liquidate their company at the first sign of trouble, rather than save it through a Company Voluntary Arrangement. So if you want to know - what is a CVA - then Call TaxGone on: 01302 815846 and we'll show you.
by Ken Greenworth, 27/02/2015 | Permalink | Email this
There are signs when a company is going into liquidation. It is recognising these signs that is important for suppliers. If they can't read the signs then they will be still supplying the company right up to the company going into liquidation. That may have a knock on effect that can also result in the supplier going into liquidation. If your business has run its course and you want to place it into voluntary liquidation then the cost is from £3,500 plus vat. It also makes sense to have a dry run liquidation first so that you know what you are getting into. Call TaxGone on 01302 815846 and let's set up a meeting.
by Ken Greenworth, 26/02/2015 | Permalink | Email this
Company liquidation advice is often received at a time when a director is at his worst. His worst attitude, physical condition, alertness and confidence. It is not surprising therefore that most directors simply go along with the first bit of advice that they receive. They see so many companies that disappear that they assume that this has to be their fate. It doesn't. You can save your company if you want to, despite the majority of insolvency companies giving you company liquidation advice. However, if after all the company liquidation advice that you have received, you still want to liquidate, then TaxGone can arrange this from £3,500 plus vat. We will also have a dry run liquidation first so that there are no nasty surprises. Call TaxGone on 01302 815846 and we'll help you through a very difficult time.
by Ken Greenworth, 25/02/2015 | Permalink | Email this
Head down to London and yes there are many companies wanting help with business debt, but there is an amazing amount of money around. Someone once said that that Britain was London with an island attached to it. Well that is how it seems. So many companies still want help with business debt and it really does depend on where you look in the economy. Look in a BMW garage and they've nearly sold all of their cars. Look anywhere in Middlesborough and nobody has sold anything of value for years. Why doesn't the Government spread out the jobs around the country a little? There is no need for some Government departments to be in London. If the wealth was evened out, then more people would spend and less people would need help with business debt. Simples
by Ken Greenworth, 24/02/2015 | Permalink | Email this
HMRC insolvency can always be a scary event for any director of a UK company. Owing the tax man money can make anyone nervous. Tax is so complicated that it's easy to be caught out. HMRC insolvency is often dealt with through the enforcement side of HMRC and that rears its head with directors when a 7 day letter hits their desks that threatens a winding up petition. If your company looks like it may encounter HMRC insolvency then act before they do. You need time to plan so plan for time. Call TaxGone on 01302 815846 immediately so that we can sit down and get the very best deal for you. If you leave it to the last minute then your bank account could get frozen and your options would narrow.
by Ken Greenworth, 23/02/2015 | Permalink | Email this
There's nothing more annoying than a winding up petition for winding you up. The effects can be more complicated than the workings of a computer as the consequences do go very deep. That's why, if your company does receive a winding up petition then Call TaxGone on: 01302 815846 so that we can get the winding up petition adjourned and keep the company protected. Remember that if you don't sort out the winding up petition then your company bank account could be frozen when the petition is advertised.
by Ken Greenworth, 21/02/2015 | Permalink | Email this
If you are a director and are suffering from stressful company tax debt then getting help is as easy as calling for a taxi. Don't suffer and try to trade out of a cash-strapped situation as failure would be the probable outcome. A CVA - Company Voluntary Arrangement - is a government scheme that has been used by thousands of companies since 1986. All unsecured creditors are allowed to be included into a CVA, however in the majority of cases, a CVA often has the majority creditor as being HMRC in the form of company tax debt. A CVA is a very acceptable way in which a director can reverse a company's decline over a very short period of time. Do not be persuaded to throw in the towel just because someone can make a juicy profit by selling your company's assets. You fought long and hard to build your business, so don't let company tax debt kill it off. Call TaxGone on 01302 815846 for fast help.
by Ken Greenworth, 20/02/2015 | Permalink | Email this
Business cash flow problems hit many businesses and once they appear they are very difficult to recover from. They can sweep you away on a wave of incredible destruction that will eventually dump you on very unfamiliar territory that you never would have believed possible. Taking immediate action when business cash flow problems appear is the only way to avoid the rapids of ever increasing problems. It's too easy to just sit it out and hope that trade will rescue you. The fact is, other businesses won't want to enter the same choppy water as you. It's sink or survive. Most sink. So if you are having business cash flow problems then call: TaxGone on: 01302 815846 and we'll navigate you through the torrent of creditor claims and steer you to where you want to be.
by Ken Greenworth, 19/02/2015 | Permalink | Email this
A creditors winding up petition causes the most disruption that a company director can face.
Once a creditors winding up petition has been advertised it is probable that the company's bank account will be frozen - so even if you wanted to pay off the petition you couldn't!
If you want to keep your company and don't want a creditors winding up petition to succeed, then there is only one primary action that you should take.
That is to request an adjournment of the petition in order to buy you time to do one of a few things: find the money to pay off the petition, propose a CVA or to voluntary liquidate your company.
Call TaxGone on: 01302 815846 if you have received a creditors winding up petition as we know exactly what you should do.
by Ken Greenworth, 18/02/2015 | Permalink | Email this
Company liquidation advice is not necessarily something that you'd really want to listen to, if you didn't have to. It's only when catastrophe strikes that company liquidation advice suddenly becomes more important than most other things. That's because your livelihood depends on getting the right information at the right time. When a business starts to collapse, your ToDo list changes and you become very very focused. Unfortunately, in the frantic search for the best outcome, most directors fail to ask the advisor one big question. Is there any other way to save the business? In most cases the answer is "Yes". Company liquidation advice should always be given alongside all insolvency advice - sadly this is not always the case. As they say, there's many a slip twixt the cup and the lip. Call TaxGone on 01302 815846 to get real rescue advice.