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, 23/10/2014 | Permalink | Email this
The CVA experts are TaxGone and are available right across the UK to help businesses that are in financial difficulties. Most people find that the CVA experts are passionate about rescue to the point that they are surprised when directors can't be bothered to save their companies when a CVA - Company Voluntary Arrangement would often do just that, by allowing a company to make an agreement with its creditors in satisfaction of some or all of its debts.
by Ken Greenworth, 22/10/2014 | Permalink | Email this
You've done everything by the book and Bingo you receive a letter in the post and you find out that you have the delight of a vat inspection. Vat inspectors are like any other bunch of people - some great, some grotty and most just like your colleagues. It's just that they have a reputation based on a myth - probably just like traffic wardens. Be nice with them and they will be with you. A vat inspection is not to be feared, unless you have been fiddling the books! Sometimes it's a good idea to bring your accountant in especially if your arrangements are complicated. This could save many hours and keep you sane. If you have a vat inspection pending or a large vat bill as a result, then call TaxGone on: 01302 815846. You may be thinking that you can't afford to pay the vat bill and that Liquidation is the only course that you can take. This may not be true. Call us now and find out.
by Ken Greenworth, 21/10/2014 | Permalink | Email this
Business liquidation advice comes in many flavours, some sweet, others bitter. For a director that is unfamiliar with insolvency, it's hard to know the difference before tasting begins - and that's often too late. Maybe you should judge the quality of business liquidation advice on how much you are asked to pay for that advice? But isn't that like paying a kitchen supplier a bundle of money just to give you a quote?
Perhaps you should ask if the business liquidation advice extends to a dry run liquidation so that any downsides would show up prior to biting off more than you can chew? Call TaxGone on: 01302 815846 and we'll give you something better to chew on.
by Ken Greenworth, 20/10/2014 | Permalink | Email this
A Winding up Petition can create a complicated problem. You really don't want one. If HMRC are threatening one then you need to take action immediately as they could just as easily pull up to your place of work with a truck and HIAB and remove all of your assets without any warning. They are desperate for money! Once they have sold your assets then they could follow up on this by serving a Winding up Petition on your company. The pressure could be relentless. Your company bank account could be frozen as soon as the petition is advertised. The gaps will all close and they'll be no place for you to go except to Court. At that point you will wonder how did you end up with nothing. The answer? Because you left things too late! So sort out the problem now.
by Ken Greenworth, 18/10/2014 | Permalink | Email this
There are times when there's only one thing that you can do and that's to just scratch your head. If you are a director then you need to know whats a CVA, if your company has debts.
This is important as most directors want to save their business if they can, rather than allow it to be forced into liquidation.
Whats a CVA is the normal response from a Director when faced with having been given options to deal with the debts of a company.
This is because not many CVAs - Company Voluntary Arrangements are proposed, often due to the fact that liquidations are more profitable for insolvency practitioners!
If you are a director and want to know whats a CVA - then Call TaxGone on 01302 815846 and we'll show you the possible benefits over a liquidation.
by Ken Greenworth, 17/10/2014 | Permalink | Email this
It is often said that there is a fine line between success and failure. Insolvency could hit anyone and we could end up homeless. In the pursuit of wealth, risks are taken. The wealthier we get, the more risks we often take.
Looking from the outside in, it is easy to say to a wealth builder, now stop. Put half of your wealth to one side, protect it and that's your lifestyle. Use the other half to do what you have always done and build up again.
Now that's the safe way, but how many business people are willing to cut their business in half to protect their personal lifestyle. Not many. Nor are there many people willing to accept a lower stress free lifestyle.
Most people live right to the very edge and wonder why some people fall off. This is human nature and most of us are guilty of it.
It is also one of the most important rules to wealth building and 99% of people ignore the principle. It's strange how the 1% are rich!
When the cliff-fallers land into insolvency, the inertia that accompanies insolvency, often restricts recovery.
How those individuals wished that they had saved for a rainy day rather than risking everything.
If you are looking for help to restructure your business to ensure that future prosperity will be inevitable and insolvency becomes very unlikely, then call TaxGone on: 01302 815846.
You may be shocked at benefits that you could achieve just with a little tweaking!
by Ken Greenworth, 16/10/2014 | Permalink | Email this
Free debt advice should be exactly what it is from TaxGone - Free! No company should be charged for the advice as your company probably can't afford it and let's face it, the purpose of the advice is also a pitch for work. So why should any company charge for asking you for work! Some insolvency companies charge you fees before they are willing to put pen to paper! At TaxGone, we like to think that we offer free debt advice based on very logical concepts. Every important step taken with clients is vetted by a licensed insolvency practitioner and so you know that your solution is legal, morally correct and the right course of action. It's your business, your future and your decision, so doesn't it make sense to get the best quality advice that you can? Call TaxGone for the very best free business debt advice on: 01302 815846.
by Ken Greenworth, 15/10/2014 | Permalink | Email this
Company dissolution is not what it is cracked up to be. Some directors think that it's the route to the Great Escape. The hiding place that creditors can't find. Sanctuary. It's not! On the Government's website - gov.uk - there are comprehensive instructions on how to apply to court for a restoration order. (https://www.gov.uk/claiming-money-or-property-from-dissolved-company/overview) If your company owes HMRC a significant sum then they will track your company down and resurrect it from company dissolution so that they can wind it up. This may seem strange but the purpose is so that it can be investigated by the insolvency service. Then there will be fireworks. So instead of hiding away, use a corporate rescue procedure to dig yourself out of the hole. You may be able to avoid an investigation and keep your business. This has got to be better than a company dissolution. Call TaxGone on: 01302 815846 if you want to stay out of the hole.
by Ken Greenworth, 14/10/2014 | Permalink | Email this
There are quite a large number of company directors that want to liquidate their company and are not aware of a Members Voluntary liquidation. In some respects it is not surprising as many insolvency practitioners may not wish to reduce the available pot of cash from the sale of assets that would go to discharge their fees. That may be a little harsh, however analysis of creditors voluntary liquidations will show that there are liquidations that would have benefited the shareholders had there been a Members voluntary liquidation instead. If you are running a limited company and want to liquidate it then call TaxGone on: 01302 815846. We can arrange for a creditors voluntary liquidation from as little as £ 3,500 plus vat. If you think that you may have surplus money that may eventually go into the creditors pot, then we can discuss the merits of a Members Voluntary Liquidation with you.
by Ken Greenworth, 13/10/2014 | Permalink | Email this
Paying HMRC is not fun. It's a necessity but not a pleasure. However, if you want to stay in business then HMRC must be paid what is due to them. Sometimes, no matter how much you may want to start paying HMRC, you just haven't got the cash flow resources to do so. No matter how many threats of issuing a winding up petition HMRC may throw at you, if there's no money then there's no payment. But if you want to carry on trading your company without paying HMRC then the best way would be to propose a Company Voluntary Arrangement.