Company tax problems can get you into such a state that they can take over your every thought. They become all consuming and everyday life gets put on hold. But there are more important things in life that can take priority.
Your Health is more important
Assuming you have unsecured debts of over £20,000 in your company, that is causing cash-flow problems, then a CVA may be beneficial to you.
Each case is different and we would not recommend a CVA where it is not appropriate. If you have looked at liquidation as an option then please remember that a large percentage of Directors are reported to the Official Receiver for bad conduct.
Any dividends received over the last two years and any Director loans or personal purchases could be claimed back from you in liquidation.
A CVA is the most financially efficient way to reduce corporate debt as you do not use any personal money to service the debt repayments. Also a large proportion of the debt will be written off.
Rather than build up the stress, take the easy route and let TaxGone remove your company tax problems for good.
TaxGone - Company Voluntary Arrangement - CVA Specialists
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