Originally posted by Sam Sung
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EOY accts due
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I fear that you are going to be reamed due to your complete negligence in conducting your business affairs. No sympathy from me I'm afraid, since it's folk like you which have got Gideon ready to ream us, come April.I was an IPSE Consultative Council Member, until the BoD abolished it. I am not an IPSE Member, since they have no longer have any relevance to me, as an IT Contractor. Read my lips...I recommend QDOS for ALL your Insurance requirements (Contact me for a referral code).Comment
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Originally posted by Sam Sung View Post@Kenny - I've decided to get quotes tomorrow to get an Accountant to do my P+L/Balance Sheet/Dir's Report. As a micro-entity, I'd be grateful for ballpark how much I should pay out.
@meridian - The account, including the 23%, was zeroed down earlier this year. That money is sitting in my personal account, I just haven't yet touched it yet.
Money in a personal account is an issue as if it's the company funds they should be held in a company account.Comment
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Guess we won't be hearing the outcome of this... Shame.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by Sam Sung View Post@Kenny - I've decided to get quotes tomorrow to get an Accountant to do my P+L/Balance Sheet/Dir's Report. As a micro-entity, I'd be grateful for ballpark how much I should pay out.
@meridian - The account, including the 23%, was zeroed down earlier this year. That money is sitting in my personal account, I just haven't yet touched it yet."Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.Comment
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Originally posted by northernladuk View PostYou forgot to mention illegal dividends....
This is because they have to actually be dividends rather than just a random withdrawal before they can be illegal. At this point in time they are simply loans from the company. When the dividend paperwork is (contemporaneously) done they may then be illegal but I would imagine any accountant would limit them to the distributable reserves.Comment
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Isn't he the one who mentioned he probably is after just one more contract and then call it quits. I would have assumed that means he has been doing this for years, so surely had an accountant and processes sorted out. If not, has he even submitted accounts from previous years ?Comment
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Originally posted by ASB View Post[picky]There is no question of illegal dividends[/picky]
This is because they have to actually be dividends rather than just a random withdrawal before they can be illegal. At this point in time they are simply loans from the company. When the dividend paperwork is (contemporaneously) done they may then be illegal but I would imagine any accountant would limit them to the distributable reserves.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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http://forums.contractoruk.com/busin...ml#post2147530
What did you do for company year end in 2013 & 2014?
/Sniffs the airComment
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Hopefully, he has enough left in his bank account to stock up on a catering sized box of lube.
He is going to need itThe Chunt of Chunts.Comment
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