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 engaged an insolvency practitioner please give us a call on 0800 644 6080 and we will be happy to assist you.
16th September 2019
There was around a 25 per cent increase in the number of restaurant businesses entering insolvency over the course of the year to June 2019, according to the latest figures on the subject.Read More