Tag: tax help

The liquidation of a partnership may be initiated by the partners themselves or by the creditors of the partnership business. To facilitate the liquidation, the property and assets owned by the business will be sold, and each partner will receive a share of the that money which will be dependent on the investment made by each partner into the business.

Our specialist debt management advisors will determine whether liquidation of the partnership is the right solution for your business. We will work closely with you and your accountant to establish the true financial circumstances and outlook for the business moving forward.

The process for liquidation is achieved through pre-arranged appointment with one of the experienced insolvency practitioners on our panel that we recommend to be best suited to your business. We will determine what debts the business owes and upon the sale of the assets what is available for distribution amongst the partners once the creditors have been paid.

The IP acting as Liquidator will manage the process until the company has been liquidated. We are also here to help you through the entire process.

At Express Tax Solutions, we pride ourselves in the relationships that we have developed with various intermediaries from a range of financial industries. We have helped clients of:

• Accountants
• Mortgage brokers
• Insolvency practitioners
• Insurance brokers
• Capital lending organisations

We specialise in assisting business owners and individuals with tax liabilities and creditor debts. Our business turnaround advisors help businesses get back on track whilst protecting Directors from any personal liability.

We can help your clients:

• Arrange a Time to Pay Arrangement for historical Tax debts.
• Arrange a Time To Pay for an up and coming tax bill
• Write off tax liabilities & supplier debts
• Stay/Defend legal action against your client or their company
• Deal with Statutory Demands and CCJ’s.

Help yourself by helping your clients whilst gaining an additional income stream at the same time.

Get in touch for more information or simply refer your client and we can take it from there.

Call us on 0121 222 2422

Email: info@expresstaxsolutions.com

For more information call us now on 0121 232 4622 for a free no obligation consultation. We’re on your side!

Our specialist tax consultants provide businesses with tax debt problems a lifeline to recover from a build-up of tax arrears which has caused strain on the cash flow of the business.

As authorised agents of HM Revenue & Customs we can negotiate a Time to Pay arrangement that is suitable for you and your business.

We deal with all HMRC tax arrears and can provide tax help for VAT, PAYE, NI, Self-Assessment and Corporation Tax and Capital Gains tax liabilities. In addition, we can also assist with other business debts that have built up with creditors chasing for payment but no possible way to settle their invoices.

The Time to Pay debt management plan will afford you the opportunity to spread your tax liabilities over affordable and realistic monthly instalments allowing the business scope to overcome their tax debt problems and any other business financial liabilities that it may be encountering.

We can negotiate Time to Pay arrangements up to a period of 12 months and beyond depending on the financial circumstances of the business. Our debt management program is an affordable way to get the best out of your business.

We offer a free consultation to determine whether a Time to Pay debt management plan is suitable for your business. If, however it is not a viable option, we can guide you through alternative debt solutions that we can assist you with.

With express tax solutions, there’s always a solution. Our specialist tax advisors will work with you each step of the way to give your business the lifeline it needs.

Our service means that our specialist tax advisors will also continue to work with you to monitor the financial position of your business and advise on any changes that can benefit the business and its growth until the payment arrangement has been met and the business is no longer in arrears.

Managing cash flow can be a struggle for many businesses due to various factors that puts financial strain on the business. Often tax debts are one of the biggest business debts on the balance sheet/cash flow forecasts.

However, whatever your situation may be, our experienced team of tax specialists can advise you on the best option for you and your business. Each business is different; therefore, our tax advice is tailored to suit the circumstances of your business.

Whether you are struggling with business or personal debts, we have a comprehensive range of solutions available which will be tailored to your business’s specific circumstances.

Our professional Tax Consultants are experts in debt management and work closely with our clients and HMRC to achieve the best possible results for your business. Not only do we help you identify the underlying exertions on your business, we devise a solution to resolve them AND manage the process until the desired outcome has been achieved.

We can assist with tax debt problems with the following Taxes: Self-Assessment, National Insurance, VAT, Corporation Tax, Capital Gains Tax, and PAYE.

We can provide help with tax problems for a Business that may have –

• An upcoming tax bill that you may struggle paying
• A historic tax debt that is incurring interest
• A tax debt that has led to legal proceedings such as a statutory demand, CCJ or winding up a company.

As a partnership, you will be at risk of being personally liable for the tax debt problems and other creditor debts accumulated by your business.

By instructing Express Tax Solutions, we can arrange a Time To Pay Plan by reviewing your all your tax debt liabilities. Our specialist tax advisors will also take into consideration other outstanding debts and see if we can assist by including those in one of our financial solution plans. We will devise a viability report of your business from which we will be able to make a more realistic and affordable proposal to HMRC to clear your tax debts in the shortest practical time frame.

We may also be able to halt any legal proceedings already issued and ensure the future of your Business, thus ensuring the livelihood of the owner, staff and community is not jeopardised.

DEBT SOLUTIONS

• HMRC Time to Pay Plan
• Partnership Voluntary Arrangement
• Individual Voluntary Arrangement
• Administration
• Bankruptcy

Managing cash flow can be a struggle for many businesses due to various factors that puts financial strain on the business. Often tax debts are one of the biggest business debts on the balance sheet/cash flow forecasts.

However, whatever your situation may be, our experienced team of tax specialists can advise you on the best option for you and your business. Each business is different; therefore, our tax advice is tailored to suit the circumstances of your business.

Whether you are struggling with business or personal debts, we have a comprehensive range of solutions available which will be tailored to your business’s specific circumstances.

Our professional Tax Consultants are experts in debt management and work closely with our clients and HMRC to achieve the best possible results for your business. Not only do we help you identify the underlying exertions on your business, we devise a solution to resolve them AND manage the process until the desired outcome has been achieved.

We can assist with tax debt problems with the following Taxes: Self-Assessment, National Insurance, VAT, Corporation Tax, Capital Gains Tax, and PAYE.

We can provide help with tax problems for a Business that may have –

• An upcoming tax bill that you may struggle paying
• A historic tax debt that is incurring interest
• A tax debt that has led to legal proceedings such as a statutory demand, CCJ or winding up a company.

As a limited company, you will not be at risk of being personally liable for the tax debt problems and other creditor debts accumulated by your business, however you will have Director obligations that will need to be fulfilled to ensure that the debts stay limited to the company.

By instructing Express Tax Solutions, we can arrange a Time To Pay Plan by reviewing your all your tax debt liabilities. Our specialist tax advisors will also take into consideration other outstanding debts and see if we can assist by including those in one of our financial solution plans. We will devise a viability report of your business from which we will be able to make a more realistic and affordable proposal to HMRC to clear your tax debts in the shortest practical time frame.

We may also be able to halt any legal proceedings already issued and ensure the future of your Business, thus ensuring the livelihood of the owner, staff and community is not jeopardised.

DEBT SOLUTIONS

• HMRC Time to Pay Plan
• Company Voluntary Arrangement
• Company Administration
• Pre-pack Administration
• Liquidation
• Insolvency

Managing cash flow can be a struggle for many businesses due to various factors that puts financial strain on the business. Often tax debts are one of the biggest business debts on the balance sheet/cash flow forecasts.

However, whatever your situation may be, our experienced team of tax specialists can advise you on the best option for you and your business. Each business is different; therefore, our tax advice is tailored to suit the circumstances of your business.

Whether you are struggling with business or personal debts, we have a comprehensive range of solutions available which will be tailored to your business’s specific circumstances.

Our professional Tax Consultants are experts in debt management and work closely with our clients and HMRC to achieve the best possible results for your business. Not only do we help you identify the underlying exertions on your business, we devise a solution to resolve them AND manage the process until the desired outcome has been achieved.

We can assist with tax debt problems with the following Taxes: Self-Assessment, National Insurance, VAT, Corporation Tax, Capital Gains Tax, and PAYE

We can provide help with tax problems for a Business that may have –

• An upcoming tax bill that you may struggle paying
• A historic tax debt that is incurring interest
• A tax debt that has led to legal proceedings such as a statutory demand, CCJ or winding up a company.

As a sole trader, you will be at risk of being personally liable for the tax debt problems and other creditor debts accumulated by your business.

By instructing Express Tax Solutions, we can arrange a Time To Pay Plan by reviewing your all your tax debt liabilities. Our specialist tax advisors will also take into consideration other outstanding debts and see if we can assist by including those in one of our financial solution plans. We will devise a viability report of your business from which we will be able to make a more realistic and affordable proposal to HMRC to clear your tax debts in the shortest practical time frame.

We may also be able to halt any legal proceedings already issued and ensure the future of your Business, thus ensuring the livelihood of the owner, staff and community is not jeopardised.

DEBT SOLUTIONS

• HMRC Time to Pay Plan
• Individual Voluntary Arrangement (IVA)
• Bankruptcy

By making an application for a Partnership Administration Order against the partnership you are allowing all creditor debts to be frozen until a viable solution has been found. Such orders can be made if the partnership is considered insolvent under English law.

To determine the insolvency of the partnership, the Court will only make a Partnership Administration Order if it is satisfied that the partnership can no longer continue to pay its debts as and when they fall due, and that by granting the Administration Order, there will be one of the following outcomes –

• The partnership continues as a going concern
• The partners enter into a Partnership Voluntary Arrangement (PVA) whereby the partnership debts are effectively restructured and possibly written off
• The realisation of partnership assets if greater than that in winding up.

A petition for a Partnership Administration Order can be presented to the Court by:

• partnership members or
• partnership creditors or
• a Partnership Voluntary Arrangement (PVA) Supervisor

Upon the making of a Partnership Administration Order creditors actions against your partnership are frozen and the creditors cannot try and pursue the Partnership for the outstanding debts.

An Insolvency Practitioner that we recommend will act as an Administrator and will be responsible for dealing with the management of the business and its affairs. That Administrator will work closely with you and Express Tax Solutions to ensure that the Partnership achieves the objectives set out during the Administration period.

Managing cash flow can be a struggle for many businesses due to various factors that puts financial strain on the business. Often tax debts are one of the biggest business debts on the balance sheet/cashflow forecasts.

However, whatever your situation may be, our experienced team of tax specialists can advise you on the best option for you and your business. Each business is different; therefore, our tax advice is tailored to suit the circumstances of your business.

Whether you are struggling with business or personal debts, we have a comprehensive range of solutions available which will be tailored to your business’s specific circumstances.

Our professional Tax Consultants are experts in debt management and work closely with our clients and HMRC to achieve the best possible results for your business. Not only do we help you identify the underlying exertions on your business, we devise a solution to resolve them AND manage the process until the desired outcome has been achieved.

We can assist with tax debt problems with the following Taxes: Self-Assessment, National Insurance, VAT, Corporation Tax, Capital Gains Tax, and PAYE

We can provide help with tax problems for a Business that may have –

• An upcoming tax bill that you may struggle paying
• A historic tax debt that is incurring interest
• A tax debt that has led to legal proceedings such as a statutory demand, CCJ or winding up a company.

As a sole trader, you will be at risk of being personally liable for the tax debt problems and other creditor debts accumulated by your business.

By instructing Express Tax Solutions, we can arrange a Time To Pay Plan by reviewing your all your tax debt liabilities. Our specialist tax advisors will also take into consideration other outstanding debts and see if we can assist by including those in one of our financial solution plans. We will devise a viability report of your business from which we will be able to make a more realistic and affordable proposal to HMRC to clear your tax debts in the shortest practical time frame.

We may also be able to halt any legal proceedings already issued and ensure the future of your Business, thus ensuring the livelihood of the owner, staff and community is not jeopardised.