I have a limited company contractor who ceased trade in April 21. Her last accounts were filed to 31st March 20 and she's only just let me know that company has ceased trading as i have just completed 31st Mar 21 accounts and i am about to submit them to hmrc and CH. There is reserves of app. £35k in the company.
She is looking to do a voluntary strike off, as soon as 2021 accounts are filed and CT paid, as there will be no creditors or debtors other than obviously the small amount of CT due for the little trading in Apr 21.
I have a few queries:
1. Should i advise her to take a £10k dividend to reduce reserves to £25k and treat this as CGT with entrepreneurs relief for 2022 tax year.
2. Should i file final accounts to hmrc upto 31st Mar 22 or amend accounting period to 30th April 2021 notify Hmrc of intention to strike off and send final accounts?
3. Is she allowed to take a dividend after the cessation of trade and final CT return period end?
4. I believe she is unable to treat the £25k reserves as CGT if she starts same trade again. Does this apply even if done as sole trader?
Any help will be much appreciated. Thanks in advance.