Bridgewood Debt Solutions

0800 987 1017

Freephone (including all mobiles)

Find your debt solution today!

Call 0800 987 1017 or Request a Call Back

Archive for the ‘Legal Action’ Category

On what grounds can a company director be disqualified?


When a director fails to fulfill their legal responsibilities, they run the risk of disqualification. The rules of disqualification are laid down in the Company Directors Disqualification Act 1986 (CDDA); the act is designed to restrict the abuse of the limited liability company structure.

Read the rest of this entry »

What can you expect in a HMRC Tax Inspection?


HM Revenue & Customs (HMRC) has in recent years increased its focus on limited companies, as the government attempts to recover lost tax revenue and penalise or discourage companies from tax evasion.

Unfortunately, a business cannot eliminate the threat of a tax investigation and can be chosen at random for a routine check, but some may be targeted by HMRC for a number of different reasons. This can be a lengthy, expensive and often painful experience for the business and their accountant.

Read the rest of this entry »

How to Reduce the Threat of Insolvency


Running a business can often be challenging and a downturn in the market or the loss of a major client can result in the threat of insolvency.  For some businesses, it may already be too late to avoid this however, seeking early advice from a professional, and exploring all options, may help you save the business.

In this article we examine a wide range of possible options available to directors, wishing to minimise the risk of insolvency.

Read the rest of this entry »

Personal Liability Notice (PLN) – When can Directors be personally liable?

One of the main reasons people choose to incorporate their business into a limited company (Ltd) is for the extra protection this corporate structure affords the individual.  Incorporation helps separate the individual owner(s) and the business financially, so the business becomes an entity in its own right.

However, Section 64 of the Social Security Administration Act 1998 gives HM Revenue & Customs the power to issue a Personal Liability Notice (PLN) to hold those behind the company personally liable in certain situations.
Read the rest of this entry »

371 Reviews
Service Rating: