Haven't been using company but it's not dormant

**questiontime** · 12 March 2010, 05:53

Originally posted by bingocaller88 View Post

Hi, I've not been using my Ltd but it's paid the occasional expense and it's not dormant

Therefore I'll need to do a full corporation tax return

Do you think any of the normal accountants will do accounts for a reduced rate because the company's had no income and therefore no profit?

Or will it be fairly easy for me to do myself? On the basis that if I mess it up there's not much of a likely penalty as I can't possibly evade any tax

Cheers

I'm sure someone will offer to do at a discounted rate.

If you had been using an accountant in the past, why not ask them?

if there have been expenses, they can be offset against previous years' profits ... you may be getting a refund

**xoggoth** · 12 March 2010, 11:09

Tend to agree with your last idea. I suspect that many who would not otherwise do so will do their own accounts when only a few hundred quid is involved.

**bingocaller88** · 12 March 2010, 11:22

Originally posted by questiontime View Post

I'm sure someone will offer to do at a discounted rate.

If you had been using an accountant in the past, why not ask them?

Actually even for dormant accounts they still wanted a lot

Originally posted by questiontime View Post

if there have been expenses, they can be offset against previous years' profits ... you may be getting a refund

Nice. However the company will have had income for the following year so I guess it'll be easier to offset them against that

**bingocaller88** · 12 March 2010, 11:23

Originally posted by xoggoth View Post

Tend to agree with your last idea. I suspect that many who would not otherwise do so will do their own accounts when only a few hundred quid is involved.

Thanks. I mean I can see what the accountant did last time and just base it on that

Haven't been using company but it's not dormant