A few years back I had a bit of trouble with the Taxation Office. I was behind in my businesses’ tax payments and I was struggling to find the money to pay the growing bill. Things reached a head and I had to have a mediation meeting to explain why I was behind in my taxes and, most importantly, what I was going to do about it.
There were a number of reasons why my taxes were overdue, but they were mostly normal business issues including slow-paying customers, a failure to project manage as well as we should have, and not being tough about collecting money. However, I prepared my story for the meeting along the lines of how tough it was to have a small business, especially when the economy was sluggish, as it was at the time, and how various other real but cop-out issues were affecting my business. CONTINUE READING.