Services

Your company can be saved in many ways. Administration or a Corporate Voluntary Arrangement (CVA) is the best option.

The choice could be affected by different of factors. Whereas a CVA leaves control with the directors, an Administration takes control away but might result in a solvent company that can be handed back to the directors. It is vital to consult with licenced insolvency professional advice as early as possible. At Martin Sklan & co. it costs nothing and could save a lot of hassle. 

In most of the insolvency procedures, Insolvency Practitioner takes control over the company affairs. A Corporate Voluntary Arrangement (CVA) is an option which gives directors wide flexibility in the type of proposal that they make to creditors and over what period of time. CVA proposal is approved by the creditors; the company could freeze its liabilities at that date and start trading again within a matter of months. 

Closing a company sometimes seems most obvious option that it is not able to pay off its debts through trading. In this situation taking an advise from an Insolvency Practitioner and proceed with liquidation process. Martin Sklan & Co. makes the process simple and straightforward and aims to provide bespoke solutions.

A Members Voluntary Liquidation (MVL) is appropriate when the company is solvent and can pay all of its debts. Sometimes it is good to close down the company after its fulfil its objective. It is important to ensure that proper taxation advice is taken before using the MVL route to extract capital or assets from the company. The shareholders must pass a resolution to wind up the company and will then appoint a liquidator. Notice of the resolution to wind up must also be published in the London Gazette.

Bankruptcy is a legal status of a person or other entity who cannot repay debts to creditors. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Martin Sklan & co provides expert advice and keep the process easy and upfront.

Our Accounts department prepares statutory annual accounts for sole trader and limited companies, working closely with the Tax department on Corporation and Indivdual Tax matters.The professional and experienced staff ensure that all compliance issues and disclosures necessary for statutory accounts are complied with.

We have an experienced team who run payrolls for many of our clients, processing the instructions passed to us, and preparing the monthly and year end returns. Transferring your payroll to us is effortless.  We ensure that we preapre your payroll in advance and you have an ample time to pay your staff and we will advise you in plenty of time of the PAYE and NIC payable. 

If your organisations turnover exceeds the VAT registration limit at any point in a calendar year then you may be required to register for VAT. Our service includes compilation of VAT return figures. We offer a unique reminder service so that you never miss a VAT deadline.
Martin Sklan  & Co.  provides a cost effective VAT service, which includes:

VAT registration (if required)
Advice on VAT planning and administration
VAT control and reminder systems
Negotiating with Customs.
Assistance with completing VAT returns