Cheaper Accountant or Any better way while ltd company is inactive

[Darren_Test]

I currently pay £70/month for my account and they take care of my and company Tax returns. But I moved to perm role and not planning to use my ltd company anytime soon due to IR35 impact etc. Whats best way for me to deal current situation..?


(1) Make Ltd company dormant ..

1. Should I withdraw all money from the bank account before making company dormant?
2. Do I need my accountant services if the company is dormant..?
3. Do I need to do self assessment when company is dormant.?

(2) Keep company active

1. keep on paying £70 /month for accountant

Any suggestions/help ..? much appreciated.. thanks

[SueEllen]

Who knows?

If you have anything like a mobile phone contract going through your company bank account then you can't make your company dormant.

You can however get an agreement with your accountant to do your company accounts yearly and pay the associated fee rather than a monthly one as long as you do the other grunt work. You should be doing this grunt work anyway.

[northernladuk]

Get the money out and close it. Keeping it open is obviously far too complicated for you.

[Lance]

Get the money out and close it. Keeping it open is obviously far too complicated for you.

yeah. This ^^^^^^^^^^