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Pheonix Companies

‘Pheonix Companies’ – Distribution Treated as Income Rather Than a Capital Gain in Certain Conditions

In a private limited company, it is usual for a director to also be a shareholder. Payments made to shareholders are deemed to be income distributions and taxed accordingly. However, payments made to shareholders where the company is being liquidated can be taxed as capital distributions under the Capital Gains Tax (CGT) rules being a

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business process automation

10 Key Benefits of Business Process Automation

Business Process Automation has revolutionised the workplace with its fast-developing technology and replacing humans at a fast pace. Now, you can observe a single software tool performing the work of many people at a time. And, this work is error-proof, consistent, and repetitive in nature. More recently, business process automation has become quite popular due

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