Limited Company closure fees

[omega1368]

Hi

I am looking to close my Limited company after 6 months of trading due to permanent employment, the accountant fees that I have been asked to pay seem a bit unreasonable. Just wanted to gain some clarification if the amount of £270 is normal when closing down a limited company?

Here is a break down of what the accountant needs to do for that amount

- Preparing and filing your cessation accounts and corporation tax return with HMRC

- Deregistering you for corporation tax, VAT and PAYE

- Striking your company off of the Companies House register


Many thanks.

[northernladuk]

Seems fair enough as you haven't paid for a full year yet. The cost of the accountant is a yearly one just split over months to help you. It's not pro rata so can't expect them to do the end stuff without paying plus the extra steps for the closing.

[TheCyclingProgrammer]

As NLUK says if you're paying monthly then really you're just paying an annual fee spread across 12 months which covers the cost of all the usual things like end of year accounts, advice, corporation tax return, possibly PAYE and VAT.

Therefore the fee quoted, which seems roughly equivalent to about 3 months of payments, to produce final accounts and assist with the closing down procedure seems about right.

[Maslins]

Yup, afraid that sounds pretty good to me, for reasons stated by two posters above. Ltd Cos aren't a great tool for such short term gigs.