Same here only more recently a message saying "we have technical problems" appears.
Knowing and Acting
If you have "found" that this director has made wrongful charges to the business to his benefit you must therefore have evidence of it so why can't it be proved? As for badmouthing that usually ends up meaning nothing more than "Don't buy their rubbish, buy our rubbish instead."
You do not however charge VAT if you sell a company car as on acquisition the tax is not allowable as an input.
Never heard of him.
It does appear to be the case that these days the bigger fish are now HMRC's main concern. Recently we have found that they are "closing" smaller disputes rather than spend more time in pursuing them.
Perhaps you should consider what you might have done to prevent this had you known that this was going to happen -Then if the cost is acceptable, make sure that you implement that with any others in your firm that you would similarly wish to retain.
HMRC and the Bank
As Tim Vane points out these drawings should be part of the directors loan accounts, meaning that interest and probably penalties will be levied. The real risk however will be if these drawings have been previously concealed in some fashion (e.g. as spurious "consultancy fees) while the business is simply running at "break-even" - this would be something that would very likely cause serious alarm within their bank.
While the Going is Good.
Bill, get paid and resign. It does not sound likely that cash is going to be forthcoming for any future work.
Take a look at...
Figurewizard. It produces fourteen separate budgeted forecasts including those for profit and loss, liquidity and cash flows. It's very simple and straightforward to use. We use it regularly as well as working with those of our clients who also use it and at £20 a year it sounds like your FD's budget ought to cover it.
There have been many articles of late praising cloud computing but a strange reluctance to accept the dangers associated with it; starkly illustrated recently by the hacking of the cloud with respect to Chrysler cars. This enabled the hackers to switch windscreen wipers, the radio or the the air conditioning on or off. Worse still they would have been able to do the same for the engine or disconnect the brakes. Like you until there is plausible bullet proof security attached I prefer not to get involved.