Category: Articles

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personal guarantees on directors loans

Personal Guarantees on Directors Loans

As experienced Insolvency Practitioners, we often come across situations where people have taken out personal guarantees on directors loans and...

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Tax Avoidance

Tax Avoidance by big corporations is in the news a lot, Licensed Insolvency Practitioner Neil Henry discusses Tax and legal...

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When A Pub Business Plan Fails

The phrase couldn't run a piss up in a brewery is a common saying, however in reality a pub business...

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The Ostrich Syndrome

Probably the thing ostriches are famous for is burying their head in the sand, but I’d say people come a...

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Difference between bankruptcy and insolvency

What is the difference between bankruptcy and insolvency? These are two definitions that both refer to a situation whereby liabilities...

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HMRC Tax Returns and Late Payments

The deadline for filing tax returns for the period 2013/14 has now passed and if you’ve missed it you can...

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Footballers Going Bankrupt?

Over 100 Footballers Facing Financial Difficulty Following HMRC crackdown on Tax Avoidance Schemes The Guardian reported last week that over...

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How do you deal with a Company Director who may have dementia?

  How do you deal with a Company Director who may have dementia? I was recently asked this question by...

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MVL – Solvent Liquidation with Tax Benefits

When shareholders receive a dividend (whilst the company is trading) it will be classed as income and be taxed accordingly....

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Tax Problems for Contractors in Oil and Gas

Over the last four years, Mike Simister, of Insolvency Practitioners Lines Henry Limited, has dealt with a number of contractors...

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Starting a Business on the right path

I have recently been to look at a nursery that highlighted some of the essential elements that need to be...

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Company Voluntary Arrangement – CVA

Many companies suffer under the burden of debt with many believing the only option is to place the Company into...

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