An important part of running a business is ensuring that your company keeps up to date with its taxes. UK companies need to pay a range of taxes, from Corporation Tax on profits to Value Added Tax (VAT) on products and services sold. Failing to pay your company’s taxes can have a range of consequences. Should your company fall behind on its taxes, it faces the possibility of action from HMRC, including the possibility...
When disaster strikes, companies can go from stable and profitable to insolvent in very little time. Losing an important customer, ineffective record keeping or a lack of credit control can all cause your business to become insolvent, often very quickly. Insolvency can seem to come from nowhere – one day, a company is profitable and healthy, and the next it’s insolvent. But look hard enough and you can usually spot the business...
