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Most small business owners are concerned with managing costs, and dividends are often drawn instead of salary for directors to reduce the amount of tax payable. But when a company enters a formal insolvency these dividends can then be classified as illegal and reclaimed when the company is insolvent Read More

A winding up petition could end in the liquidation of your business without any action on your behalf, which is why it is good to know what one is and what to do if you should receive one at any point. Read More