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Accountants and
Insolvency Practitioners?
How can you, as an accountant, be a conduit in an insolvency situation?
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Transcript

Hi, I'm Dorothy Brown I'm a licensed Insolvency Practitioner and I've been in the business for over 30 years and I've helped thousands of individuals and companies through the maze of insolvency and hopefully helped them feel relieved of the stress of the debt that they've been in.

Today I'd like to talk to you about the collaboration that can happen between an Accountant and an Insolvency Practitioner.

First off you're the person that's got the most knowledge about the situation of perhaps the company or the sole trader. You know about the trading, you probably know who the creditors are, what the assets are, and of those creditors perhaps who's the most pressing. Either the bank and / or HM Revenue and Customs.

Also you're able to put picture to the black and white figures on the paper and to help me make the decision of what's the best way forward. 

You're the conduit between the director, who's probably feeling very frightened and scared of the situation, and myself.

So let give you and example of the sort of situation that you can help in, and you can be paid for.

I sold recently a property that was an investment property. Capital gains tax was needed to be calculated and that's what the accountant was able to help me to do and was paid for it.

Because, guess what? His time was important and it helped me move this situation along.

So if your client needs my help please do contact me. Learn more by signing up...
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© 2024 Even Keel Solutions Ltd
Even Keel Solutions Ltd. is authorised and regulated by the Financial Conduct Authority Firm Reg No 718204. Dorothy Brown is a Licensed Insolvency Practitioner authorised by ICAEW