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
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 trading and fx charts. However, it has a very separate function.The Relative Strength Index is a momentum oscillator. It compares the price gains of a stock or currency pair to its losses and expresses this as a number between zero and 100. A trader can use the resulting number to determine when a market may be overbought or oversold.When you set the RSI showing on your forex charting trading system, you can set horizontal lines at the points that you choose to use as triggers. Generally, if the RSI is under 30 the market is oversold and heading for a reversal. If over 70, the market is overbought.Therefore, most traders set their marker lines at either 30 and 70, 25 and 75 or 20 and 80. When the RSI crosses these indicators they take a signal to buy or sell the currency pair.Clearly, if you use the weaker signal of 30 and 70 to open a trade you will be getting in on a trend nearer to the beginning with the expectation of making bigger...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
You might have a grim idea about the revolution brought about the credit cards and the immense change in the financial system around the world due to it. But, few people realize that a huge percentage of the population is getting addicted to these...more