PKF Littlejohn Unveils Specialized Service for Businesses Facing Tax Arrears

In the past few weeks, PKF Littlejohn Advisory has introduced a new service aimed at assisting businesses facing difficulties in keeping up with their tax obligations. The firm's dedicated team will oversee the 'Time to Pay' process on behalf of these organizations, carrying out comprehensive assessments of their VAT, National Insurance, PAYE, and Corporation Tax debts.

Additionally, the team will review the companies' future trading prospects to facilitate discussions on setting up viable repayment agreements suited to each firm's unique financial situation. This is intended to help ensure the future survival of the businesses and secure full repayment to HMRC.

The operation of this new service will be managed from PKF Littlejohn's Manchester office, which has recently expanded its staff with the addition of four senior members: Paul Reeves, Stephen Clancy, and Paul Smith as partners, along with Mike Lee as director. Both Reeves and Lee bring prior experience from their involvement in the Government's "Company Rescue Pilot Scheme" that ran between 2001 and 2003, a project that influenced the development of the current Time to Pay initiative.