14th June 2024
Members’ 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 […]
21st September 2023
Closing down a solvent company can be a daunting task, especially when tax implications loom large. However, there’s a little-known solution that can save you thousands of pounds and provide a smooth exit strategy if […]
30th March 2021
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 […]
19th February 2021
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 […]
29th January 2021
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 […]
18th March 2020
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 […]
20th November 2019
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 […]
28th November 2018
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 […]
24th March 2017
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 […]