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Corporate Insolvency

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Turpin Barker Armstrong specialise in providing corporate insolvency advice and assistance to companies and their directors who may be struggling financially. We recommend getting insolvency advice as soon as the first signs of financial difficulty appear as we have found that many business failures could have been avoided if the appropriate advice had been provided early on. That is why we offer a no obligation first meeting completely free of charge.

We provide a full range of formal and informal company insolvency services. Please click on the links below to find out more details of the services we offer:

Creditors’ Voluntary Liquidation

Members’ Voluntary Liquidation

Winding Up by the court

Company Administration

Company Voluntary Arrangement

Receivership

General Advice and Informal Arrangements

Liquidation FAQ

If you would like to obtain further information and/or insolvency advice in respect of your company’s financial circumstances, please contact our office on 0208 661 7878 and our experienced staff will be able to assist you.

If you need an insolvency practitioner call us today to see how we can help you.  


IR35 changes to impact on public sector workers

With effect from April 2017 there will be changes to IR35 which will impact upon many currently working in the public sector.

The announcement made by the Chancellor during his 2016 Budget speech was that “Public sector organisations will have a new duty to ensure that those working for them pay the correct tax rather than giving a tax advantage to those who choose to contract their work through personal service companies.”

The rules do not apply to the private sector but it appears that the changes are already impacting upon many in the public sector who previously operated using these personal service companies. It has been stated that the purpose of the changes is to deal with the deemed widespread non-compliance that has occurred. Many workers will find that they have not set aside sufficient funds to account for their tax liabilities and the usual result is that it will create an overdrawn director loan account with a balance repayable to the company. If you are in this position then it is important that you seek advice as soon as possible on the appropriate route forward. Turpin Barker Armstrong has experience in dealing with these circumstances and we would be happy to go through your specific situation at a time convenient to you. We also offer the first meeting free of charge with no obligation to sign up. We can be contacted via phone, online chat or via email contact us here or fill out our online contact form here and we will contact you asap.

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