Daily Archives: January 2, 2013

Illegal dividends to Directors, when insolvency occurs

“Illegal dividends to Directors, when insolvency occurs“ In this present time of uncertainty, with most companies having severe cash flow problems, it is worth pointing out that when a company goes into liquidation, HMRC are now looking at recuperating monies to creditors by looking at illegal dividends taken by directors in the period prior to…

Requests from Office Holders for Information

Requests from Office Holders for Information When a company enters into Liquidation, more than likely the accountant is left with boxes full of information and outstanding fees, with no indication as to how they are to proceed. The accountant will hardly ever get any assistance, on how to deal with company assets. The powers available…