He is going PAYE with the client he was previously contracting for for 3+ years so too late to point the noobie mistakes. What he needs now is a pointer how to sleep at night wondering when his IR35 investigation is going to land and if they might let him keep his bed when they take his house IMO.
http://forums.contractoruk.com/accou...ml#post1765509
I wonder if he has PCG+ membership or QDOS IR35 insurance?
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: closing down ltd company
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "closing down ltd company"
Collapse
-
Originally posted by sniper View Postthinking of closing down ltd company...
I have money still in company accounts....
Leave a comment:
-
Why do I get the feeling the OP wanted the answer to be "oh the govt let you have it and they don't even want you to pay tax on it".
Leave a comment:
-
Speak to your Accountant
I would really Speak to your accountant as they can give you the best advice for closing the company in the most tax efficient way.
There are two main options that accountants like myself would recommend and this would be a formal liquidation process or a dividend distribution.
But as i say your accountant will know your personal and company information and can give you the best advice
hope that helps
Leave a comment:
-
Originally posted by stek View PostGovernment would get it.
Leave a comment:
-
Question is who would be bloody stupid enough to close a company down with money left in the account? Bearing in mind only a signatory of the company can access the account what do you think will happen when that person no longer exists?
I am struggling to fathom what the OP is thinking of doing to get to this position.
Leave a comment:
-
closing down ltd company
hi there
thinking of closing down ltd company...
I have money still in company accounts....I have always worked on 35% for tax
etc..etc.. and the other 65% for dividends....
I have not taken the full 65% out of accounts...
what would happen to this money if I closed ltd company..
comments appreciatedTags: None
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: