TaxGone

Creditor voluntary liquidation

kengreenworth — Wed, 22 May 2013 08:15:13 +0000

This is one person that you would not like to get the wrong side of! Happy Birthday Supermodel. Born in 1970 and discovered at the age of 15, she has always attracted the odd bit of bad press. Do you know anyone else that British Airways have banned for life on their flights?

Many directors believe that a creditor voluntary liquidation should be banned when looking at the options available when their company is in financial trouble.

They would rather see a raft of true rescue procedures offered such as a company voluntary arrangement or even an informal time to pay deal. There’s often too much OUCH in a creditor voluntary arrangement whereas there’s more Relief in a CVA.

TaxGone - Company Voluntary Arrangement - CVA Specialists

Insolvency Practice

kengreenworth — Tue, 21 May 2013 04:00:35 +0000

Laurence Tureaud was born on the 21st of May 1952, also known as Mr.T.

How has that man kept his physique?

Famous for his role in the A Team and Rocky 3 and many mad adverts. It’s strange but Rocky 3 was made over 30 years ago! Happy Birthday Mr T!

Practice makes perfect and that’s what an Insolvency Practice does, especially in these horrific economic times. As more and more companies hit the wall every insolvency practice across England will be working flat out.

If you are a director of one of those companies then don’t be a wimp, be like Mr T and save your company with a Company Voluntary Arrangement.

TaxGone - Company Voluntary Arrangement - CVA Specialists

What will it cost to close my company?

kengreenworth — Mon, 20 May 2013 04:00:49 +0000

What will it cost to close my company are the words that have been asked many times by directors that thought that they were onto a sure fire winner. It’s a sad occasion when after years of hard graft and wasted time, the last question after lots of prevarication is …What will it cost to close my company ? People that have not run businesses before do not understand the torment leading up to that question.

But it’s not the end of the world. There’s plenty of time to rebuild. Look at Cher whose birthday it is today. She’s rebuilt herself loads of times and its never too late.

For more information and advice contact us today.

TaxGone - Company Voluntary Arrangement - CVA Specialists

Set-up CVA

kengreenworth — Sun, 19 May 2013 04:00:42 +0000

Think of Grace Jones and you think of a scared face and long shiny legs – well most healthy men do anyway! So want is the connection between Grace Jones and a director that wants to set-up cva. No idea! But if you can think of one then the first person to email a good answer wins a bottle of Moët.

Companies in financial trouble need to set-up a cva if the company can see a future as long as the historic debts are taken care of.

For more information contact TaxGone today.

TaxGone - Company Voluntary Arrangement - CVA Specialists

Stop a winding up petition

kengreenworth — Sat, 18 May 2013 04:00:27 +0000

Why shouldn’t every country develop Nuclear weapons. What makes the west believe that everyone else shouldn’t ? That’s a difficult one to argue from any angle. In fact it is and will be until someone presses the button and only then, if there’s an after, will the problem have to be resolved.

Trying to stop nuclear proliferation is like a company trying to stop a winding up petition. You can speak to a creditor and even beg but if there’s no funds available to pay off the petition then it is doubtful that you can stop a winding up petition. That is unless you talk to TaxGone on 01302 815846

TaxGone - Company Voluntary Arrangement - CVA Specialists

HMRC petition help

kengreenworth — Fri, 17 May 2013 04:00:28 +0000

The First World War is often cited as the first Global conflict but this is not really true. In 1756 The Seven years war was the first truly global conflict. But it is strange how given the lessons that history has taught us, countries are just as eager to pick up the gun.

This is no different from everyday life. Directors know that you can’t mess around with HMRC and yet they do and are still surprised when they receive a winding up petition from them. As soon as it arrives, the first thing that most directors want is HMRC petition help.

All directors that receive a petition need to know that after a week from receiving the petition, it could be advertised and that may result in the company bank being frozen. This is why most directors will need HMRC petition help.

TaxGone - Company Voluntary Arrangement - CVA Specialists

Company Voluntary Liquidation

kengreenworth — Thu, 16 May 2013 04:00:50 +0000

Bloody good shot old chap! Britain had a habit of bigging up successes in the Second World War that simply were not as game changing as they were proclaimed to be. That however, did not diminish the heroism of those involved. The Dambusters was a daring inspired raid that made its transition from reality to the silver screen with ease.

That can’t be said of some of the wartime operations that the Film companies tried so hard to capture on celluloid. Often the attempts resulted in the film operators entering into company voluntary liquidation, such were the demands on logistical overheads.

Need more advice on Company Voluntary Liquidation? Contact TaxGone today.

TaxGone - Company Voluntary Arrangement - CVA Specialists

Business cash flow problems

kengreenworth — Wed, 15 May 2013 04:00:58 +0000

Business cash flow problems will always be around, whether the economy is in boom or bust and that’s because we are apparently, in a capitalist society, even though a trip to Beijing might make you wonder.

Many people that lived at the time when Britain tested its first Hydrogen Bomb over Christmas Island in 1957, secretly thought that the probability of it being used within 50 years would have been a certainty. Luckily they were wrong.

Instead we can carry on dealing with business cash flow problems and other mundane issues and thank our lucky stars every day that those problems are minor.

For more information contact TaxGone today.

TaxGone - Company Voluntary Arrangement - CVA Specialists

Insolvency Consultant

kengreenworth — Tue, 14 May 2013 04:00:40 +0000

It’s incredible that the vaccination against Smallpox was created in 1796. This was still at a time when you died of the most simplest of medical conditions. It’s interesting and alarming how unprepared we are for what some people believe to be the inevitable outbreak of a world wide health catastrophe, such as a human to human Bird Flu or even some exotic plague. The laws of probability dictate that it’s inevitable.

The incredible transport links that exist today means that the very small number of deaths that occurred during the 1918 Spanish Flu outbreak that killed 20 million people would be dwarfed by an expected death toll of one billion. That’s sounds outrageous but if you are an insolvency consultant, doctor or work in a supermarket, how many people do you come into contact with? Perhaps stating that six out of seven people would escape contamination sounds more reasonable!

Talk to TaxGone first for the best advice as they will know the main players in the industry and the best approach for you. For more information contact TaxGone today.

TaxGone - Company Voluntary Arrangement - CVA Specialists

Formal Demand From Bank

kengreenworth — Mon, 13 May 2013 04:00:04 +0000

It’s hard to imagine a time in the future when one of Stevie Wonder’s songs won’t be played. As implausible as it may seem, there is probably more chance of having no Apple products in companies in the future.

So, is a Stevie Wonder song more valuable than an Apple Product line…….No, but it is and will be more memorable.

Many company directors have entered into voluntary liquidation after they received a formal demand from Bank Managers.

The very same directors were probably at the top of their chosen field before the recession. But debt is debt and lenders need the money repaying faster than ever now.

But if you are a company director and receive a formal demand from your bank, then talk to TaxGone as the are ways to keep your business going and the bank happy.

TaxGone - Company Voluntary Arrangement - CVA Specialists