This guide is to help you understand what HMRC Debt is and what it could mean to you and your business.
The guide is entirely free to download, and it will help you:
Confirm your details using the form provided to get your copy; it's completely free.
It is essential to understand where you are in the HMRC enforcement process, to allow you to manage the debt with an appropriate response.
HMRC have an extensive toolbox to enforce tax debts. Understanding how HMRC are intending to enforce the debt determines your strategy, urgency and implementation of a plan of action.
If the business is trading profitably, and the HMRC debt is a result of historical losses or a bad debt you can seek a Time to Pay Arrangement (TPA).
Time to Pay Arrangements are generally for 12 months or less and provide a structured payment plan.
If you need longer than 12 months or require the further restructuring of overheads a Company Voluntary Arrangement is a much better option.
If HMRC rejects a Time to Pay Arrangement or a Voluntary Arrangement and seeks the Compulsory Liquidation of the Company via a Winding Up Order, then talk to us about how a Creditors Voluntary Liquidation enables the old insolvent Company to be closed and liquidated, how we can protect the businesses value and can secure the assets of the Company to give you a second chance.
4R Business Recovery are rescue and turnaround consultants that over the last ten year helped 1000's of directors and shareholders restructure their business and secure a second chance.
If you or your business are suffering from legacy HMRC debts which you are struggling to pay then this is not only stressful but for many business owners, a very dark and lonely place.
We hope you find the guide useful and don't hesitate to reach out. We are happy to schedule a telephone or video call or a meeting and offer some free advice on the restructuring options available to you.
4R is in the business of second chances and a problem shared is a problem halved.
Don't delay, get in touch today, you are sure of complete confidentiality, an understanding ear, and more importantly - someone who can devise a plan of action.