As a result of poor trade and poor cash flow we are having to liquidate our company. Do we need to put our "books" into our Accountant if we are thinking of putting our company into members voluntary liquidation , they are due by need of August but i do not know if we need to?
If you are entering a members voluntary liquidation (MVL) then the company’s accounts will need to be drawn up to the date the company ceases to trade as all liabilities have to be paid and without the final (cessation) accounts it will not be possible to calculate the final tax due. Your accountant and/or insolvency practitioner will be able to explain precisely what you need to do. Alternatively if you have not yet enagaged an insolvency practitioner please give us a call on 0800 644 6080 and we will be happy to assist you.
12th December 2018
Small and medium-sized enterprises (SMEs) across the UK are paying increasingly large sums of money to collect amounts owed to them by their clients and customers.Read More
4th December 2018
The number of independent retailers who closed down outlets during the first half of this year reached a record high level for any comparable period.Read More