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Dissolve a Ltd Company - How much do you charge?

Dissolve a Ltd Company - How much do you charge?

Hi all

Just wondering what the consensus was:

How much do you charge to dissolve a Ltd Company? (accounts & CT600 taken care of) so just Companies House and HMRC compliance ( including closing down PAYE )

Client is ceasing to trade and does not want to keep the Ltd Co dormant

Thanks

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By pauld
24th Jul 2014 12:26

depends on the client..............

If they have been a good client and I like them then as closing down takes very little work, I would do it for free.

If they have been a pita, then I would charge them for a couple of hours work.

 

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By Maslins
24th Jul 2014 12:32

This

pauld wrote:

If they have been a good client and I like them then as closing down takes very little work, I would do it for free.

If they have been a pita, then I would charge them for a couple of hours work.

If they've been a client a while, and assuming we're just talking strike off rather than liquidation, we'd do for free.  Get balance sheet tidied up as much as possible before doing the final accounts, then it shouldn't be much more than getting them to settle tax debts and completing the ridiculously simple DS01 form.

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24th Jul 2014 13:47

in addition

if doings things properly there should also be a proper set of directors minutes in addition to the signed form DS01,.

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By cfield
24th Jul 2014 17:14

Tax planning

There is often scope for some useful tax planning when a company ceases trading, so a decent-sized fee may be appropriate and cost-effective.

This often revolves around a) when exactly the company ceased trading, and b) whether or not the director(s) had an employment contract.

Board minutes even more important in that event.

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24th Jul 2014 17:17

.

If its a tiddler normally £100 or for nothing if they have already paid the annual fee and there was not much work in the final year in any case.

I think its really a "goodwill" thing, and I like to hold the door open as nicely as possible on exit in-case they come back again...

if there is complex tax planing then more, although chances are these days there will need liquidating properly if there is any money left. 

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By pauld
24th Jul 2014 22:21

cfield

Could you expand on point b?

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By cfield
24th Jul 2014 23:20

Point b

pauld wrote:

Could you expand on point b?

I'd have to send you an engagement letter and check your identity first :-)

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25th Jul 2014 06:37

Free

if all annual fee being paid off OR £50 as one off service (as there is not much work in simple strike- off applications and again for closing PAYE)

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By pauld
25th Jul 2014 12:53

cfield

Point b

Very good reply. Is it possible for a reply to the following without an engagement letter?

1. How do you copy another persons reply onto your own posting with a nice rectangular box round it?

2. I am at a loss to see how employment contracts can be used for tax planning on the cessation of a company? Can you point me in any general direction without any specifics as to try and avoid giving away my identity to you?

 

 

 

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By cfield
25th Jul 2014 13:23

With my compliments

pauld wrote:

Very good reply. Is it possible for a reply to the following without an engagement letter?

To get a quote box, just click on Quote at the bottom of the relevant email and delete the text you don't want to copy. Then type your own words underneath the [/quote]. Don't type straight after the copied text or your words will appear in the box too.

Re employment contracts, have a look at page BIM47205 in the HMRC Manual. Then let your tax-saving nose lead you to the obvious course of action.

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By pauld
25th Jul 2014 13:59

Thanks cfield

You learn something new everyday on this forum.

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