In the second of a series of checklists for closing down companies, Jennifer Adams moves on to the more complicated processes involved in
Rather than being repealed, as some accountants were expecting, the extra statutory concession (ESC C16) that allows companies to distribute capital in a struck off business without the recipients
My question is simple - will you help defeat this pernicious proposal the second time round? You will remember that previously HMRC suggested that in legislating ESC C16, which allows distributabl
Jennifer Adams outlines the procedure for striking off a company in the first of a series of articles exploring methods to end a company.
We have a new client for a 'simple' tax return.
I have 3 companies looking at this route - all are £1 sole shareholders but with large reserves and money in the bank - in one case £200k.
Thanks for taking the time to read this.
A company has been trading for a few years, has no outstanding creditors or debtors. It has a positive balance sheet value of c£5k, represented by cash and retained earnings.
My client has decided to call it a day and declare her company insolvent and close the business. There is little money left and only a few assets that can sold and certainly not enough to pay all
A Ltd Co client received full settlement of a (Ltd Co) debt via collection by the HCEO back in May.