Member Since: 20th Jun 2009
25th Jan 2020
Start from the balance sheet, then do lots of talking. Is there & can there be profit ? Can the business run with the one person left ? If you liquidate the company - that's to say the talking stops - what do you get ? Sometimes, pulling the plug in a business results in less money for the owners. You have to think your objectives out. How much do you want the business to continue ? What are you willing to pay for that ? What do you do if the business stops ? In the end talking is the only way you both have a chance at satisfaction, but it does take the two of you. Good luck.
19th Jan 2020
I think this is one where your best will have to do, with a white space note. It sounds like there is not much left to grab anyway.
18th Jan 2020
It is intended for the larger building firms, so not really for sub-contractors, for example. You need to be aware it is an all-in-one package with a yearly fee. There is a learning curve and to get out, if you ever decide to, you need to plan carefully.
11th Jan 2020
You will get all sort of replies. Ignore the rubbish ones & don't rise to the bait. I think you have a problem, but you need paid for advice on this. Look around for people you can talk to face to face. All accountants are not the same & you want someone who will listen & bat for you, not a pedant. Choose carefully. Be ready to pay, it will be money well spent. Lastly, Good luck.
20th Nov 2019
Talk to sage, they will quote if you can give enough information.
23rd Oct 2019
He could even make a small loss...
20th Oct 2019
Yes, you can work for no pay. Yes, you can claim legitimate expenses. HMRC may insist on a SA return, but you can do this yourself, or added by a computer program, or get an accountant to do it for you.
12th Oct 2019
To share: The Anatidae are the biological family of water birds that includes ducks, geese, and swans
6th Oct 2019
If - big if - you go this route think Ltd partnership. As it happens I like Ltd and too often I see failures which come out of the blue and then crush a sole trader or unlimited partnership financially, personally.
5th Oct 2019
I'm in the go-it-alone camp. But it depends on your obligations, for example how your wife or partner feel about this. As well as whatever connections - both friends & other contacts - you have to where you live now ( Manchester?) will be cut.
It looks like if you do take up the mans offer it is short term only, where as he seems to be thinking long term. Not a good basis IMO.