Insolvency - Helping Clients in Financial Difficulty

Objectives

As everyone’s aware, H M Revenue & Customs play a pivotal role in every business – whether you’re in self-employed business, or running a multi-national empire, we all have to pay our taxes…

…but what happens when we don’t?

The aim of this seminar is to look at what recovery procedures are being undertaken by the Crown, and what our clients should be doing to protect themselves…

In addition to the general insolvency options, we’ll also consider what evidence is there that shows a client is facing financial difficulty – i.e. what should we be looking out for as their accountant?

We’ll also look at where director’s decisions can lead to personal liability, and tips of how they can approach their bank or deal with pressing creditors.

Key topics

• A review of the recovery options adopted by the Crown, and what tools we have to protect our business.
• How do we spot the signs of insolvency & the risks of personal liability for directors.
• When is it time to stop trading?
• How to talk to banks and suppliers when we’re in financial difficult.

Who should attend

Partners and Managers in practice who advise clients.