Over the past 10 years or so a massive amount of value added tax (VAT) has been defrauded from HM Revenue & Customs (HMRC). One of the most successeful methods used by the thieves has been the so called 'Carousel Fraud'. Also sometimes called the Missing Trader Inter Community fraud, nobody really knows its full extent as it is only those losses that have been discovered that can be accurately counted.At the outset, the Carousel frauds were...more
In contrast to Compulsory Liquidation, which is initiated through a court order, Voluntary Liquidation is, as the name implies, undertaken voluntarily. Either the shareholders of a company initiate voluntary proceedings or the company directors undertake them. The legal formalities differ in each case, but in either case, the services of a licensed insolvency professional will be employed.Members? Voluntary LiquidationIn essence, Members?...more
When the shareholders and/or directors of a company feel they can no longer service their debts, they may decide to undertake Creditors Voluntary Liquidation (CVL). CVL is a complex and potentially time consuming undertaking and is not to be taken lightly, though it can be the best option for a company that feels it is no longer a viable business entity.The first step in the procedure of Creditors Voluntary Liquidation is for the directors to call a board meeting and resolve that due to unsustainable debt liabilities, the company can no longer continue to trade. Then creditors and shareholder with attend a meetings to obtain a collective resolution to place the company into liquidation. A director, typically the Managing Director is chosen to chair the meeting with the creditors and shareholders.The meeting with creditors must be convened within 15 days after the shareholders resolve to dissolve the company. Generally this meeting is held immediately after the shareholders?meeting. A resolution of 75% of the shareholders determines the appointment of a liquidator, but this appointment needs to be ratified at the creditor meeting.At the creditors?meeting, creditors are given the...more
Traditions were started by families over the years and carried on through each generation of families. One tradition that is familiar is on Christmas Eve at 6:00PM Mountain Time a family would light a candle and have a few minutes of peace and prayer. At 5:00PM Pacific Time, 7:00PM Central Time and 8:00PM Eastern Time families would do the same...more
Having a stable of trading tools that helps you timing when to buy stocks will drastically improve your trading profits. However, many traders, particularly novice traders, suffer from paralysis by analysis. There are simply too much data, too many strategies, and too many indicators for any trader to completely master.Implementing volume centric...more
Making money stretch through the holiday season is more important than ever. The holiday wish lists are increasing in sophistication and cost. Unfortunately, it is likely our budgets are not. How do we buy the much desired, latest generation, one of a kind gifts that make up much on our lists? Unless we receive some unexpected windfall, we will need to cut back and get creative.1. Cut Back in the Easy and Obvious PlacesGenerally, our lives are filled with place we can cut back and save money. Perhaps carpooling to work for a while will save just enough for that mp3 player. Store brands, sale items discount bins and coupons are a great way to save money at the grocery store, and the savings add up very quickly. Also, considering what resources you already have may end up being a secret gold mine. It may be that you have things that are not even on your own wish list. A quick sale of unwanted items can boost the bottom line of your holiday budget.2. Sign up for Online DealsMany department stores run online only deals or offer special deals to those who follow them in social media. Some offer rewards on the amount spent, for frequent purchases or for referring friends. There are a...more
The RSI or Relative Strength Index is one of the most prevalent indicators used in forex charting. Like the Parabolic SAR, it was invented by Welles Wilder, one of the distinguished technical analysts of our age acknowledged for his expertise with fx...more
Because of the Internet, many small business owners now have the opportunity to expand their businesses into the international trade market. The days of having to be some huge corporate machine with bottomless pockets to be involved in the...more
Learning how to identify the Tasuki Gap pattern provides traders a powerful trend continuation indicator.ReliabilityThe Tasuki gap is considered a medium reliability, according to Bulkowski's Encyclopedia of Candlestick Charts, Tusaki gaps are 57%...more
The Senate Health Bill has been grabbing headlines for months as members of the Senate continue to debate spending, bill allotments, and the merits of improved or universal healthcare coverage. The latest iteration of this bill in late November and...more
Americans are still finding ways to deal with the recent economic crisis. To get out debt, some people seek credit counseling while others turn to debt consolidation and debt settlement. Is there a difference between consolidating and settling...more
If you are really looking for ways to get out of debt and substantiate your finances, you are indeed in the right track. It is inevitable that the trauma and mental pressure one undergoes while under debt, associated and powered by the banks and...more