Can you pay in 12 months?
Are you looking to retire, close your company down and extract the surplus funds as a dividend against your shares? This is where tax planning and a formal winding up
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Personal Guarantees – Did you take advice before signing?
Being a director of a limited company means a director is not liable for the company debt. Well, that is the theory anyway. All too often at PBC we advise
Insolvency as a job – It can be a thankless task.
Everyone wants a pop at someone and that someone ends up being us at times. We’ve had creditors turn up with big burly men and threatening behaviour, verbal and written
Settling a Director Loan Account – A potential tax exposure?
It has become an increasing situation to discover adverse director loan accounts (”DLA”) showing on the balance sheet of companies that are in financial difficulties. All too often a director
Have you given a personal guarantee?
Perhaps an obvious question but, how many times do directors respond with something like, “I am not sure,” or “No, I do not think so.” Alternatively, a director will say
Debt Awareness Week
This week is debt awareness week, and it is reported that a third of all businesses are experiencing debt issues which will likely increase over the coming months for several