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What do you charge for a voluntary strike off

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Anyone willing to share what their fees would be to a company to do a voluntary strike off? 
 

Purely for the strike off please, final accounts and CT aside. Any extra charges? 
 

Then separately - what about for dealing with the personal tax where there will be a capital gain/entrepreneurs relief. 
 

This isn't an everyday occurence for me so I don't really know what the time cost is likely to be.

Nuggets of wisdom would be appreciated. 
 

Thanks

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A Putey FACA
By Arthur Putey
17th Jun 2021 10:20

Well if its just filling in a DS01 and sending it on to the client to sign and post, I don't charge anything extra if they are an existing client and I've had good fees from them while they are trading.

On your other point it is a core element of CGT that you really ought to have covered in your training or CPD. But first update yourself on changes, it isn't called Entrepreneurs Relief any more (although it might have been in the year in question and on the CG pages of the tax return and in software). The time and fee depend of course on the nature and complexity of the events that give rise to the potential "ER" claim, and the time you need to spend assessing if and when the gain is indeed capital and whether it meets the conditions for relied, so we'd need more information in order to answer that question.

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Replying to Arthur Putey:
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By Debittomycredit
17th Jun 2021 11:43

I apologise for my out of date terminology! BADR. I preferred ER :)

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Replying to Debittomycredit:
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By Debittomycredit
17th Jun 2021 11:47

Also I've already assessed whether it will meet the conditions to qualify for BADR and it will.
To me it doesn't seem like there will be much additional time cost involved. An hour maybe. A calc and banging some figures on the SATR? Was just wondering from someone who may have done it a lot of times if I'm being naive about what's involved practically.

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Replying to Debittomycredit:
A Putey FACA
By Arthur Putey
17th Jun 2021 12:34

Debittomycredit wrote:

A calc and banging some figures on the SATR?


If all the upfront work has been done, that's about the size of it, depending on your software you just need to find the relevant tick box, drop down or whatever.
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RLI
By lionofludesch
17th Jun 2021 10:22

Next to nothing.

It's just a form to fill in and get signed.

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By Wanderer
17th Jun 2021 10:28

Do the DS01 online, takes about 10 minutes max and is just more efficient.

Watch the £25k limit for capital treatment.

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By David Gordon FCCA
17th Jun 2021 11:26

It always upsets me when professional colleagues who ought to know better treat these matters so lightly.
Just spending 10 minutes filling out the simple form and sending it in will not do.
Please read the easy-read notes attached to DS01 on the Co Hse website.
The work is straightforward.
The consequences if HMRC opine that you are extracting the P** are not.
Just follow the simple rules, easy-peasy.
Also, in these cases always ask for fees in advance.
A company which has committed an act of insolvency is not permitted to prefer any creditor, and this most certainly includes any accounting fees arising or past due.
If the company is unable to pay any final Taxes, this renders it insolvent, with attached consequences.

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Replying to David Gordon FCCA:
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By Debittomycredit
17th Jun 2021 11:50

Thanks David, Strike off won't be applied for until all debts are settled , monies extracted and 3 months of no trading has passed. Not taking it lightly although I'm not sure if you're referring to me or others. Thanks

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Replying to David Gordon FCCA:
RLI
By lionofludesch
17th Jun 2021 15:24

David Gordon FCCA wrote:

It always upsets me when professional colleagues who ought to know better treat these matters so lightly.
Just spending 10 minutes filling out the simple form and sending it in will not do.
Please read the easy-read notes attached to DS01 on the Co Hse website.
The work is straightforward.
The consequences if HMRC opine that you are extracting the P** are not.
Just follow the simple rules, easy-peasy.
Also, in these cases always ask for fees in advance.
A company which has committed an act of insolvency is not permitted to prefer any creditor, and this most certainly includes any accounting fees arising or past due.
If the company is unable to pay any final Taxes, this renders it insolvent, with attached consequences.

OP asked about a fee for applying for strike off. He specifically said not including anything else, including all the other stuff you mentioned.

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By ireallyshouldknowthisbut
17th Jun 2021 11:45

I usually find the final year is more time consuming than the prior ones given the extra planning around the exit, but sometimes due to limited trading it all comes out in the wash so I maintain the fee and its about square. Sometimes I charge an extra few hundred pounds, depend on the client and their situation and how long I have acted and if I want them to come back.

As above the form is trivial. The time is all in the exit strategy.

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Replying to ireallyshouldknowthisbut:
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By Debittomycredit
17th Jun 2021 11:51

Really helpful thanks

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ALISK
By atleastisoundknowledgable...
17th Jun 2021 12:41

Normally £40, normally inclusive of the £8 online filing fee. But as others, dependant on client history.

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By ksagroup
17th Jun 2021 14:10

We sell a dissolution pack for £40 that takes the client through it. Check it out at www.dissolvemycompany.co.uk

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