When a corporate client's debts become unmanageable, the right formal process depends on one question: does the business have a realistic future, or is structured closure the better outcome? Understanding the options available, and when each one applies, helps you give better early guidance and refer at the right time. How we assess the position Before any formal process can be recommended, the financial position needs to be properly understood. That involves us looking beyon

When a client misses a tax payment, it’s rarely just an oversight. In many cases, it’s the point where underlying cash pressure starts to surface. As their accountant, you’re often the first person they turn to once HMRC letters or reminders start to come in.   The key is helping these clients understand what HMRC is likely to do next and which options still leave them in control.   How HMRC typically responds HMRC’s approach is usually structured rather than sudden. Most cas

The CPAA’s Professional Certification in Public Practice Accountancy has completed its inaugural year. With registration for the 2026 cohort closing on 2nd February, now is the time to secure your place on a programme that has already proven its value to practitioners. The 2025 cohort demonstrated exceptional engagement, with an impressive 86% of registered candidates sitting the examination. This high attendance rate reflects the genuine commitment of learners. The programme