Updated: 10th February 2020
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.
28th July 2021
The number of UK companies in positions of ‘significant financial distress’ were up 24 per cent at the end of the June 2021, as compared to the same point of last year.Read More
22nd July 2021
The Confederation of British Industry (CBI) has called for an “immediate rethink on self-isolation rules” to help businesses manage their workforces as the economy reopens and recovers.Read More