Workouts and Insolvency

Take care with tax when winding up your business

If you’re considering selling your business and you run it through a company, you could have a tax problem.

Winding up a company

If a company does not file its annual return with the Companies Office, it may be struck off from the Companies Register. This is sometimes used as a ‘short-cut’ method, rather than completing the short-form company liquidation process.