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No contract and LTD Co - options?

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    #11
    It's going to cost you money to shut it down - you still need to do end of year accounts, returns etc. before Companies House will let you close the company.

    You will need accountancy knowledge to do that.

    I'd either move to a different accountancy that won't charge if the company is dormant, or suck it up and pay what you said you'd pay.
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      #12
      Sounds like you were taking out too much money from your business and not planning for a rainy day? The nature of the business is that there may be times when you are out of work and you need to anticipate these. It also depends on what your future plans are; are you planning to continue contacting? You accountant still needs to do your company admin/returns/accounts so he will still be doing work for you even though you dont have work. If you are planning to continue contracting you may try and negotiate a discount with them for being out of work, or look for a cheaper option (27 pounds per week is a little pricey in my opinion; you can easily find something for 60 quid a month, thats half what you are paying at the moment).

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        #13
        Originally posted by backagain
        Sounds like you were taking out too much money from your business and not planning for a rainy day? The nature of the business is that there may be times when you are out of work and you need to anticipate these. It also depends on what your future plans are; are you planning to continue contacting? You accountant still needs to do your company admin/returns/accounts so he will still be doing work for you even though you dont have work. If you are planning to continue contracting you may try and negotiate a discount with them for being out of work, or look for a cheaper option (27 pounds per week is a little pricey in my opinion; you can easily find something for 60 quid a month, thats half what you are paying at the moment).
        Hi, the money i have been taken out is determined by Brookson each week. They base thi son each weekly invoice i am paid from end client for my hours work. They paid a directors fee and rest as dividends. Hence, as i will not be working probably for around 2 mths there is no "spare" unallocated cash to pay me with.

        I do hope t go back to contract within 2 mths, but that all depends if i can find new work. But if i get no new firm leads within 2mths i will have to claim some tax credits and consider signing on.

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          #14
          Ah...Brooksons again...

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