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Update
Update
Hi all,
I've got an update on this for you.
An accountant contacted me via this forum and I ran him through everything. After getting all of my paperwork in order, he managed to file all of my accounts. I am now 100% up to date on everything I owe the tax man and have paid...
I've actually got reasonably good records including all incomings and outgoing.
Also, I haven't earned any money within the UK since my last contracting client. I'm in full time employment abroad now.
Am I being stupid for thinking the mess is not that big? Either call it all a directors loan or salary payments (which will attract tax + NI) and do all the missing end of year stuff and VAT paperwork then pay the fines / what is owed?
I've taken 16k out without paperwork and have around 32k in...
I've just looked at the business account. I've taken around $16000 out without any paperwork (that's pounds, I'm using a foreign keyboard as I'm in Asia at the moment).
Hi all,
Long story short, my old accountant was a joke... and so was I... I took money out of my limited business (I'm a new IT contractor) for expenses (reimburse by my client) and personal stuff like food, rent etc and I've not filed a single bit of paperwork with HMRC, I don't have PAYE set...