I'm after some general feedback really if anyone wod care to share their thoughts?!
Husband & wife partnership draw their accounts to 30th April 2012. Husband dies in December 2011 & wife basically continues business for a few months, winding it down & eventually last sale is the following March.
Does partnership cease in December 2011?
Does it then transfer to a sole trader for the remaining 3-4 months?
The only real sale following the death was the sale of the remaining stock at auction.
Thanks in advance for any feedback