I have started the process of closing my limited company via my accountants but am very suspicious about the steps in the process that they have outlined in them doing so.
They have stated that I should not close my business bank account at this time as any tax refunds due to the company will be need to be refunded to that account. However they then go on to say that should there be any final tax liabilities, these will be paid from my personal bank account and to provide them with proof of payment following distribution of funds. Surely this is incorrect? As an individual/ director am I not a separate entity from the company and therefore tax liabilities should come from the business?
They have stated that I should not close my business bank account at this time as any tax refunds due to the company will be need to be refunded to that account. However they then go on to say that should there be any final tax liabilities, these will be paid from my personal bank account and to provide them with proof of payment following distribution of funds. Surely this is incorrect? As an individual/ director am I not a separate entity from the company and therefore tax liabilities should come from the business?
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