Reply to: Corporation tax return help please

[TheCyclingProgrammer]

One more tip for OP - if you ever have the opportunity for a short contract again, please just use an umbrella. It might not be the most tax efficient but unless you're in for the long haul, it saves you all the hassle you are now going through. And as an added bonus, you don't even have to worry about IR35 either.

[eek]

Fines are for either / both. They fine for no paperwork, they fine for late payment....

[JRCT]

Just out of interest, are HMRC fines for not filing the paperwork on time or not paying on time?

In a circumstance like this (well, maybe not 'like' this), if a rough estimate of tax due was, say £8k, and you had the money handy, could you just overpay HMRC right now - say, £10k - to stop the fines today and give you time to get on with the paperwork. Then once your competent accountant has worked out you owe £8.5k, incl fines, send that to HMRC and await a refund.

Maybe HMRC would be happy come to an arrangement on that kind of understanding and that if the completed paperwork showed £11k was due, ie. more than you paid, then further fines would be applied retrospectively.

[psychocandy]

OP - I understand you've had a rough time but it really does look like a mess now which needs sorting out by a pro.

I know there are some right miserable gits on here sometimes but they're right. Any further delay means its going to cost you more in penalties more than likely.

Annoying that you've got to cough up for what was a small contract but, alas, thats the way it works with ltd company. Stuff needs to be done regardless if you've worked 1/2 day per year for £50.

My own brother had a bad experience (Self-employed rather than limited) where he just took the money out and spent it then worried about it later. The amount of fines and penalties from HMRC was massive to be honest.

Slightly different because he had loads of letters from them and just chucked them in the bin so deserved all he got. At least, you seem to know its got to be sorted.
But years later hes still paying back and they;re still not off his case.

[northernladuk]

Why are you searching for an accountant when one has been helping you from the 2nd post and has answered every single one of your questions promptly and in as much detail as she can from the limited information you have given?

It's a no brainer.

[TheFaQQer]

There's no evidence yet that they would need one for previous years.

There's no evidence yet that they wouldn't need one for previous years.

[Scruff]

So dear floricita, how many more inane questions are you going to ask today, when you could be engaging the services of an Accountant?

The reason that I am replying to your previous post directed at me, is that ultimately, I don't believe that you are "bad" but don't appear to want to take the guidance, to heart?

This section of the forum is supposed to be for Professional discussion and Q&A. You have been given so much good advice, but wearing patience thin...

[eek]

Related to the topic how? (out of curiosity).

We going playground now?

I'm trying to work out why you are concerned about how this site works.

You've, clearly, shown yourself to be incompetent at running a business but aren't bright enough to understand the mess you have got yourself into.

You really need to find an accountant and pay them MONEY to sort out the mess you are in. You then need to ensure you have the MONEY the company owes HMRC before they notice the level of your mistake and decide to have some fun with you*....

Where fun= go back over your last 4 years worth of tax returns and find reasons to ask for money off you....

[SueEllen]

I'm glad to see my point stands.

[floricita]

And in what way do you add value to this site.......

Related to the topic how? (out of curiosity).

We going playground now?

[eek]

Not up with modern day internet speak, but I always assumed that a troll was precisely what you're doing here?

Contributing nothing, but continuing to post in a negative and unhelpful way, for what reason, is completely unknown to anybody. Quite boring. Surely you must know that no one is particularly paying attention to you right?

Just turns a thread into a playground and is pretty pointless. Please desist now.

And in what way do you add value to this site.......

[floricita]

Right.

Firstly thanks for everybody's help.

Secondly, am searching for accountants now, hopefully get an appointment soon to discuss.

Will keep you updated. And I hope you don't mind if I have a couple more enquiries along the way.

Cheers

[TheCyclingProgrammer]

Not up with modern day internet speak, but I always assumed that a troll was precisely what you're doing here?

Contributing nothing, but continuing to post in a negative and unhelpful way, for what reason, is completely unknown to anybody. Quite boring. Surely you must know that no one is particularly paying attention to you right?

Just turns a thread into a playground and is pretty pointless. Please desist now.

The reality is nobody else can help you here any more than has already been given. Time to pay a professional to sort it out.

[stek]

Just turns a thread into a playground and is pretty pointless. Please desist now.

Hark at RoboPoster giving it large!

You have 15 seconds to comply.....

[floricita]

This poster is a sockie troll. 8 pages of rubbish.

Not up with modern day internet speak, but I always assumed that a troll was precisely what you're doing here?

Contributing nothing, but continuing to post in a negative and unhelpful way, for what reason, is completely unknown to anybody. Quite boring. Surely you must know that no one is particularly paying attention to you right?

Just turns a thread into a playground and is pretty pointless. Please desist now.