Originally posted by Maslins
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Crunch Accounting, removing a B Class Shareholder & address change
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Originally posted by Smartie View PostMaybe we don't hear much about it because people are generally happy with it ;-)
I use Crunch - it's perfectly adequate and cost effective. Had a couple of issues but nothing that made me seriously consider changing.
If you need a lot of advice then a more active/costly solution may be better however.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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Originally posted by Louisa@AardvarkAccounting View PostIf you were to keep the B shares, FreeAgent allows multiple classes on the online system. And prepares the dividend documents as well.
If you do want to remove your wife as a shareholder, this can be done through a simple transfer, which an accountant can help with the paperwork. Then any changes in the year are reported on the confirmation statement.
Have you been snooping around my website? That's my catchphrase - I'm all ears! [emoji3]
My current accountant is very unresponsive and I would much prefer to action the changes myself
Do you know exactly which paperwork I'd need to complete?
I tried calling Companies House several times - no one picking up the phone there!
CheersComment
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Originally posted by Louisa@AardvarkAccounting View PostIf she holds a B share too, it means even if her circumstances have changed and you now don't want to pay her dividends, then you don't have to, as you could pay all the dividends on the A shares.
Plus, if her circumstances change later, it means she will already have the shares in the company.
And in the meantime, she could still take out £5,000 of dividends per year at 0%
I really don't want to trigger an investigation, although the company is only a year old and very straightforward. If you're suggesting keeping things as they are, that might be more prudent.
In terms of the dividends, I'd not realised that £5000 was tax free - another reason to keep it the way it is
My affairs are super simple - invoice, basic expenses, etc. I'd need some advice on the most optimal salary / divi mix each year, but i guess my accountant would do that, in conjunction with Free Agent
Thanks everybody who took the time to respond - very helpful!Comment
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Originally posted by gypsymoth View PostAh, see this is interesting..
I really don't want to trigger an investigation, although the company is only a year old and very straightforward. If you're suggesting keeping things as they are, that might be more prudent.
In terms of the dividends, I'd not realised that £5000 was tax free - another reason to keep it the way it is
My affairs are super simple - invoice, basic expenses, etc. I'd need some advice on the most optimal salary / divi mix each year, but i guess my accountant would do that, in conjunction with Free Agent
Thanks everybody who took the time to respond - very helpful!
However, IMO I'd probably suggest leaving it as it currently is.
Your accountant again should be spending more time hopefully advising you on how to maximize your personal income, plus guiding on your company affairs too. If you're only paying for software and not much hand-holding at this stage, whilst your new to contracting you may want to evaluate this. Once you've become a seasoned pro, then you could consider looking at more DIY/software only, as you'll need to ask generally a lot less questions.We're all ears!Comment
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Originally posted by Louisa@AardvarkAccounting View PostIf you do want to make any changes to the current shares, this would be a share transfer, if it's between husband and wife - done on a stock transfer form. This is an internal business document, it's not filed externally. Any transfers are then reflected on the annual confirmation statement.
However, IMO I'd probably suggest leaving it as it currently is.
Your accountant again should be spending more time hopefully advising you on how to maximize your personal income, plus guiding on your company affairs too. If you're only paying for software and not much hand-holding at this stage, whilst your new to contracting you may want to evaluate this. Once you've become a seasoned pro, then you could consider looking at more DIY/software only, as you'll need to ask generally a lot less questions.
We're engaged, so not yet husband and wife - does that make a difference?
In terms of address change, I guess that's just a simple update at Companies House, HMRC and my bankComment
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Originally posted by gypsymoth View PostThanks again
We're engaged, so not yet husband and wife - does that make a difference?
In terms of address change, I guess that's just a simple update at Companies House, HMRC and my bank'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by northernladuk View PostSadly not quite. I could be wrong but HMRC have a number of places where they hold your address and you have to make sure VAT people have it as well as Tax.. Or something like that. Could be better now though?
You'll also need to update your company's corporation tax record and possibly employer record if you operate PAYE.
Then you'll need to update your own personal SATR record (which may be on a separate gateway login to your company one).
And don't forget Companies House too...(this can be done online).Comment
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Originally posted by gypsymoth View PostWe're engaged, so not yet husband and wife - does that make a difference?
In terms of address change, I guess that's just a simple update at Companies House, HMRC and my bank
As for the address change, that's much easier. It can be done online with CH. Advise HMRC, clients/agencies and any other suppliers too.We're all ears!Comment
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