Limited Company, Personal account and Agency

[Wanderer]

they wont have a tax code for me either

Get an accountant to shutdown your LTD and produce a P45 for you so you can get your tax code right and avoid a nasty tax bill when you do your self assessment....

[keyser666]

Get an accountant to shutdown your LTD and produce a P45 for you so you can get your tax code right and avoid a nasty tax bill when you do your self assessment....

Thanks, will be looking into all that now. It's all coming to fruition now and I dont want to be in deep doo doo. I only had 3 weekly payments under the Ltd company so not hard to work out. Glad it has come about now.

[Contreras]

Get an accountant to shutdown your LTD and produce a P45 for you so you can get your tax code right and avoid a nasty tax bill when you do your self assessment....

That will be tricky if the company has not yet registered for PAYE - assuming that is the case.

Edit: but a P45 probably isn't needed anyway as it's a new tax year, speak to the umbrella about doing a P46 instead.

Thanks, will be looking into all that now. It's all coming to fruition now and I dont want to be in deep doo doo. I only had 3 weekly payments under the Ltd company so not hard to work out. Glad it has come about now.

Speak to an accountant and get a fixed price for sorting out the mess in the most efficient way. It might be that you can treat those 3 weeks as being self-employed and then if the company has never traded it would be easier/cheaper to close down. There are penalties for delaying though so don't hang about.

[LisaContractorUmbrella]

Hardly helpful

No but it was pretty funny

[keyser666]

No but it was pretty funny

Seems he is quite a regular at doing that from what I see on the forum.

[northernladuk]

Seems he is quite a regular at doing that from what I see on the forum.

With so little information given bearing in mind the awful situation going on and taking in to account money being advanced I can't see how on earth how anyone can come close and how any figure given to you would be meaningful and why you would want such a wooly guesstimate so thought I would lighten the thread. You can't expect to get in a situation like this and not take a bit of a tongue in cheek ribbing I didn't even use a 'cut out for', 'get an accoutant', 'you are a buiness' line, any of which would have been apt.

[VectraMan]

Speak to an accountant and get a fixed price for sorting out the mess in the most efficient way. It might be that you can treat those 3 weeks as being self-employed and then if the company has never traded it would be easier/cheaper to close down. There are penalties for delaying though so don't hang about.

If inside IR35, I thought you could pretty much keep the money and declare it on your self-assessment. Inside IR35 with a Ltd. is not the same as "self employed". And clearly the Ltd. has traded (which is the reason for the whole mess).

Which means you need to do a CT return before closing your company, but the closing part is easy - just sign and send off the form.

[LisaContractorUmbrella]

Seems he is quite a regular at doing that from what I see on the forum.

Yep. NLUK does make me chuckle - bless him

[Baffle]

Hi,

Just a side note but you could have opened up an account with cashplus Business.

They open up a bank account in your company name. No credit facilities so no credit checks etc.

You would just need to prove your ID and address.

I see you've gone umbrella route anyway now, but just thought I'd mention it as it would have been a solution to your earlier issue of not having a company bank account................