At Express Tax Solutions, we are experts in in providing businesses with practical and effective tax arrears advice. The process very often involves looking in detail at your business operations and devising a tailor made plan to help the business to get back on track.
Tax Payment Plans are not however suitable for all businesses. In such cases we are able assist the Directors of UK SMEs negotiate & implement company recovery plans. Express Tax Solutions are experts in utilising legislation under the Enterprise Act 2002 to assist businesses with company recovery and to help protect employment. The legislation allows for (subject to conditions) the recovery of a viable business and the potential to write-off unsecured debt including tax arrears, the legislation can also be used by a company to release it from onerous contractual agreements. This is often achieved through a pre pack administration whereby the original company is dissolved off 100% of unsecured debt & onerous contracts. Pre-pack may give the greatest probability of recovery where there are no obstructions & pricing is based upon a valuation of the assets.
Usually, a businesses or company who is facing tax arrears is in the situation as a result of underlying financial trouble and it is only by addressing these problems can future tax problems can be effectively avoided.
At Express Tax Solutions we work with you to give you the best possible tax arrears advice. We are specialists in working with you to the best possible results for you.