I'm sure I've seen a bit of a 'guide' on this somewhere but can't find it again. I am closing my Ltd down via the < £25K route and my accountant is currently preparing my last set of accounts. Previous informal guidance was that it wouldn't cost me anything extra over and above my normal monthly fee as it just involved letters to the IR and VAT. However I have now received an email asking for £500+ to do the closing down. Not replied yet ! So my question is how difficult is it to do it yourself. I guess the main thing is the accounts won't have been approved at the point of going it alone if I stop my monthly payment at end of Jan. Any help much appreciated.
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Closing down a Ltd yourself
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Originally posted by rootsnall View PostI'm sure I've seen a bit of a 'guide' on this somewhere but can't find it again. I am closing my Ltd down via the < £25K route and my accountant is currently preparing my last set of accounts. Previous informal guidance was that it wouldn't cost me anything extra over and above my normal monthly fee as it just involved letters to the IR and VAT. However I have now received an email asking for £500+ to do the closing down. Not replied yet ! So my question is how difficult is it to do it yourself. I guess the main thing is the accounts won't have been approved at the point of going it alone if I stop my monthly payment at end of Jan. Any help much appreciated.
Do you REALLY need the hassle of doing something for which you're clearly unprepared?---
Former member of IPSE.
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Many a mickle makes a muckle.
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Originally posted by wattaj View PostPay the £500 and move on with your life.
Do you REALLY need the hassle of doing something for which you're clearly unprepared?Last edited by rootsnall; 11 January 2020, 11:38.Comment
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Originally posted by rootsnall View PostProbably not but it also has a 'this covers just 6 weeks' line in the email so is possibly paying £500 for not much and not giving peace of mind. That is why I am asking what is involved.---
Former member of IPSE.
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Many a mickle makes a muckle.
---Comment
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Originally posted by wattaj View PostThen ask for a fixed fee.
Current member of IPSEComment
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Am I missing something ?
If my accountant says that my end of year accounts ( that are just being prepared ) are my final set of accounts then the only part left to is to strike off the Ltd Co by sending off a DS01 form ( after 3 months of no trading ) and inform the VAT man.
Close the PAYE scheme !?Last edited by rootsnall; 11 January 2020, 14:19.Comment
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