If you’re a contractor with a limited company, changes in legislation may have left you considering your future. Whether you’ve taken on a permanent role, retired, or simply found that IR35 no longer makes operating your limited company worthwhile, a…
Membersâ Voluntary Liquidation (M.V.L.) is a process used by solvent companies to close down their business in an orderly and tax-efficient manner. This method is ideal for limited contractors and small business owners who have decided to cease trading but…
Closing down a solvent company can be a daunting task, especially when tax implications loom large. However, thereâs a little-known solution that can save you thousands of pounds and provide a smooth exit strategy if your company is profitable and…
IR35 rule changes pose a significant challenge for limited company contractors that work closely with their clients. If you’re a contractor, there is a strong chance that you will be caught out by IR35 if any of the following statements…
The coronavirus and some of the measures taken to try and stop it from spreading have had a huge impact on businesses in the UK. While businesses in a select few industries have seen a boost in sales, most have…
Rumours about the future of Capital Gains Tax and Entrepreneurs’ Relief mean that any limited company contractor that will be affected by IR35 rule changes in April should strongly consider closing their limited company as soon as possible. The Chancellor…
Umbrella Insolvency have of course been putting together comprehensive plans to ensure that we are fully prepared for whatever the next few months brings. The planning has considered all key parts of our business. We consider these to be :…
If you are a contractor planning to close down your solvent limited company (PSC) then depending upon how much cash there is left, using a Members Voluntary Liquidation (MVL) could be the most tax-efficient way and save you thousands of…
How to Close a Solvent Limited Company If a company has the money to pay its bills then it is solvent. Solvent companies are relatively easy to close. The cheapest way is to get a company struck off the Register…
Accountants are preparing for a fresh wave of limited company closures in early April when the long-dreaded IR35 reforms for Public Sector Contractors take effect. From 6th April 2017, the way that IR35 legislation is applied in the public sector…
Our friendly and experienced insolvency team is here to help you find the right way forward. Whether your business is facing financial pressure, creditor or HMRC issues, or you’re considering closing your company, we’ll provide clear, confidential guidance and practical support every step of the way.
Call 01625 546 240 now or request a callback from a Licensed Insolvency Practitioner below.*
Main Office: 01625 546 240
E-mail: contact@umbrella.UK
Fax: 01625 522 572
Umbrella.UK Insolvency
Bollin House
Bollin Linkâ¨
Wilmslow
Cheshire
SK9 1DP
Monday - Friday (closed bank holidays)
8.30am - 5.30pm
