When a director fails to fulfill their legal responsibilities, they run the risk of disqualification. The rules of disqualification are laid down in the Company Directors Disqualification Act 1986 (CDDA); the act is designed to restrict the abuse of the limited liability company structure.
We discuss overdrawn directors’ loan accounts (DLA) and explore how they can be a complex issue for Directors, especially if their company is insolvent and needs to enter an insolvency procedure.
Details of the proposed changes to company strike-off, through greater powers for the Secretary of State to investigate the conduct of Directors of dissolved companies.
Why HMRC may focus its attention on certain companies to recover lost tax revenue, and as an accountant and business owner, what you should expect in a tax investigation.
Find out how taking early action and following effective steps can help businesses minimise the threat of insolvency.
Discover how a solvent company can use a Members’ Voluntary Liquidation (MVL) to bring the life of a company to an end and distribute the remaining funds/assets to shareholders in the most tax efficient manner.
What is involved with company strike off and how this differs from taking a company into a formal insolvency process like a Creditors Voluntary Liquidation (CVL).
We’re often asked about the difference between Liquidation and Administration and when one should be used over the other. Here we cover the main differences between the two formal insolvency procedures,
We discuss the impact of intermediaries’ legislation (IR35) on contractors and their Personal Service Companies (PSCs).
Modernised insolvency rules will come into force on 6 April 2017; to consolidate all existing rules and amendments from the past three decades and replace the Insolvency Act 1986. We look at the key changes, which should help improve the overall insolvency system.
Bridgewood is a trading style of Bridgewood Financial Management Limited (Company No: 07130329) and Bridgewood Financial Solutions Limited (Company No: 06957765). Registered Office: Poynt South, Upper Parliament Street, Nottingham, NG1 6LF. Registered in England and Wales.
Calls are recorded for training and security purposes.
Paul Mallatratt (Licence No. 2039) and Louise Freestone (Licence No. 2030) are licensed to act as insolvency practitioners in the UK by the Institute of Chartered Accountants in England and Wales and are subject to their Code of Ethics, available in English at www.icaew.com[...]code-of-ethics-d
In carrying out the regulated profession of Insolvency, the firm is subject to the Insolvency Regulations and Guidance Notes at www.icaew.com/insolvency and the Statements of Practice at www.icaew.com[...]insolvency-regulations-and-standards