Originally posted by oliverson
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You mention "equipment leases"...certainly it's one thing we'd mention when people are considering things like a company car. You're normally committing for at least two years, sometimes 3+, so do ensure you're happy you'll be wanting to keep your company for that long before signing up to anything along those lines.
Certainly your company should have enough within it to settle any final tax bills etc. If it doesn't, and you're relying on future income to pay past tax bills, that's a very unhealthy way to operate.
There may be some people who decide to simply leave their company to rot as you put it. This may be especially true (with some modest sympathy) where the company's contractor focussed accountant decides to give up the ghost as the bottom has just fallen out of the market. You would be failing in your responsibilities as director, and there are powers available to punish you for that. Whether HMRC/anyone else bothers to is another matter.
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