I would like to ask experienced Accountants who are willing to share their knowledge what is the proper procedure of closing a company with over £60K in the bank. All debts for the company are paid including all taxes, the PSC is owned by a qualifed Accountant who has been doing some freelancing in the City and now wants to close the company for good because of IR35 rules. What is the proper procedure to close such a company as the person has no experience in that area and wants to pay very minimum tax. What is the correct procedure as the money is over £25K and the next year end for the company is 31/03/2020, she was thinking of transferring all the cash to herself ashe director as capital distribution, close the bank account and then inform HMRC. Is this the correct procedure?