It is very easy to get behind with your company's VAT & TAX payments.
Most businesses will prioritise their trade creditors, as they deal with them on a regular basis and they are central to the smooth running of the business. We have over 25 years experience as Licensed Insolvency Practitioners, so no matter what you are facing – we will be able to assist you.
The capital gain is treated as long-term or short-term depending on whether you owned the shares for longer than a year.
If you purchased the stock at different times, divide the dividends into short-term and long-term proportionally, based on when each block of stock was acquired.
A corporation issues these dividends if it plans to terminate its business or if it plans to merge with another corporation under a new name.
The purpose of this exercise is to gain the money necessary to pay off its debts and then to distribute the remainder to its shareholders through a liquidating dividend.A liquidating dividend is used when a corporation is dissolving and it needs to distribute its assets to its shareholders.Paid after satisfying all corporate debts, the liquidating dividend is meant to provide a return on investment.We help companies and partnerships struggling with debt…by providing structured financial solutions A recovery plan tailored to your unique circumstances examines every aspect of your business and will identify key areas of improvement for you.