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What Happens If You Miss Your First MTD Quarterly Update?
From April 2026, many self-employed individuals and landlords are required to submit quarterly updates to HMRC under Making Tax Digital for Income Tax. Missing your first submission does not mean[…]
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HMRC penalties: You stopped being Self-Employed but HMRC wasn’t told
Many people believe that once they stop working as self-employed, they no longer need to file a Self Assessment tax return. However, if HMRC still expects a return from you,[…]
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What Happens If You Don’t Submit Your Tax Return?
If you are required to file a Self Assessment tax return but miss the deadline, HMRC may charge penalties even if you have no tax to pay. The initial late[…]
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What Should You Do If Your Company Is Facing Financial Difficulties?
Financial difficulties don’t always mean that closing your company is the only option. In many cases, there are legal ways to improve the situation or reduce the impact if action[…]
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Can closing your comanies help you to avoid its creditors?
Dealing with large debts, can leave any business owner searching for a quick solution. One of the most common misconceptions is that closing a company will automatically remove legal responsibilities.[…]
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When a “Quick Solution” Costs £14,500
Recently, a business owner came to us after spending £14,500 on the services of an insolvency company that promised to resolve their financial problems quickly. However, the creditors continued their[…]
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Is Insolvency procedure the Right Option for a Small Business?
At first glance, insolvency may seem like a simple way to close a company and leave financial problems behind. In reality, it is often a costly and complex process for[…]
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What Is Company Insolvency?
Company insolvency means a business can no longer pay its debts or its liabilities have become greater than its assets. When this happens, the company may enter a formal legal[…]
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Our office is situated in North West London with easy access from major commuter roads of Harrow Road (A404) and Great Western Road (A40). We are also only 10 minutes walk from Willesden Junction tube station on the Bakerloo Line.
