If you have been running a company since the beginning, then you may feel you have a right to getting hold of your outstanding capital in a tax efficient manner. After all, over the years you have created a huge amount of value for the economy, other businesses and consumers.
Hence directors can extract amounts in excess of £25K from the company accounts when closing a company with a solvent liquidation (also known as a members' voluntary liquidation). You are only subject to the same tax demands as a shareholder under capital gains tax – but to properly enact this measure you will need the support of an insolvency practitioner.
This is where McTear Williams & Wood can make a difference. After years of supporting company directors like you through the process of a solvent liquidation, we have an intrinsic understanding of all the trials and potential pitfalls and will make the process as easy as possible for you.
Call us and make an appointment to review your solvent liquidation at our Milton Keynes offices. You can meet with a senior director who will consult on your current situation and suggest the best options you have for resolution moving forwards.
What are the options available to you and what is the best way to proceed? Without expert advice it can be tough to understand your choices and select the best course of action. At McTear Williams & Wood we cover this in a short 1 to 2 hour free initial consultation at one of our offices in Milton Keynes, helping you understand all the responsibilities and implications. Call us now on 0800 331 7417