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Can You Close a Company with a Director’s Loan?
Closing a company can be a complex process, especially when there are outstanding debts, including a director’s loan. Running a small business sometimes doesn’t go to plan and debts can build up. If you can’t repay those debts, you could end up in a situation where ultimately you need to close the company. Decisions will…
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Someone Has Registered a Company at My Address (What to Do)
Finding out that someone has registered a company at your address is alarming. Whilst it could be a mistake, it’s possible that there is a criminal reason for them doing so, and it might be linked to fraudulent activity. If you are receiving unwanted mail and communications due to someone registering a company at your…
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What is an Unlawful Dividend? (Guide to Illegal Dividends)
There’s nothing more worrying than being under investigation by HMRC, and that’s exactly what can happen if you make unlawful dividends (also known as illegal dividends). The big problem with this situation is that it is not normally picked up until it is too late. This guide will explain what they are, what unlawful dividend…
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The Cheapest Way to Close a Limited Company
Running a small business is not easy. Sometimes it won’t go to plan, and you could be in a position where you need to close your limited company. Tough decisions will need to be made to do this correctly. A lack of money may be one of the contributing factors to closing your business and…
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What Are My Responsibilities as a Director of a Limited Company?
When you become a director of a company it can be both exciting and daunting at the same time. The excitement surrounds the thoughts of what the business might become, but then daunting when you realise a company director has legal responsibilities, and responsibilities to HMRC, employees, customers, partners… the list is long. It’s fair…
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Is it a Legal Requirement to Have an Accountant?
Running a small business can be one of the hardest things you will do. Many decisions need to be made and procedural steps followed to comply with the thousands of pages of tax and accounting legislation we have in the UK. Unfortunately, business doesn’t go to plan, so it helps to have a professional by…
