I have had my Ltd Co since 2016 and had three clients with it, two of them overlapping at the same time. I have finished work for all the clients now, and am due to start a new contract inside IR35 from next week and will be operating through umbrella. This is a six month contract with very strong likelihood of renewals for at least 4 years.
I would like to close the business account and settle all Corporation tax, etc. I contacted my accountant and was told it would cost £4000 to close the company which I thought was outrageous. I've had two other companies before and not paid this kind of money. I guess have three options
1. Make the company dormant and close the business bank account. Settle all outstanding tax
2. Close the company and pay the high fees, and open a new one if I get an Outside IR35 contract in future
3. Close the company myself and save myself the fees.
Thoughts?
I would like to close the business account and settle all Corporation tax, etc. I contacted my accountant and was told it would cost £4000 to close the company which I thought was outrageous. I've had two other companies before and not paid this kind of money. I guess have three options
1. Make the company dormant and close the business bank account. Settle all outstanding tax
2. Close the company and pay the high fees, and open a new one if I get an Outside IR35 contract in future
3. Close the company myself and save myself the fees.
Thoughts?
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