PRACTICING THE ACT OF PHOENIX: TARGETED ANTI AVOIDANCE RULE
Phoenix is an act that some business owners practice whilst trying to dispose of their business. An anti-avoidance rule was set up to put an end to this act when the business owners decided to sell liquidate or sell their business. When this occurs, the taxpayer could be chargeable under capital gain tax or income […]
Most Common Fatal Mistake we make when closing a Limited Company
Limited companies make a common mistake that is done by directors when closing their limited company by sending a strike-off form to Companies House. When a director or the directors decide to bring the business to an end, there are several compliance issues to be carried out so as to prevent tax compliance issues in […]