Hi,
After one bad experience after another trading through my own limited company I have decided to close it down. My accountants inform me that it will take anywhere between 6 - 12 months to close the company and that my final set of accounts may not be ready until the end of June (due to their workload). During this time however (ie: up to 12 months) I am informed that I must continue to pay my monthly accountancy fee along with a £125 fee to close the company down.
I have mixed feeling about my accountants as talking to other contractors they don't seem to have half of the IRD problems that I seem to (maybe I'm just unlucky) and everything seems to happen a lot quicker for them.
Would anyone out there please let me know if this is a normal length of time to close a limited company and if possible what costs are usually involved? Also any advice much appreciated.
Thanks in advance,
Simon
After one bad experience after another trading through my own limited company I have decided to close it down. My accountants inform me that it will take anywhere between 6 - 12 months to close the company and that my final set of accounts may not be ready until the end of June (due to their workload). During this time however (ie: up to 12 months) I am informed that I must continue to pay my monthly accountancy fee along with a £125 fee to close the company down.
I have mixed feeling about my accountants as talking to other contractors they don't seem to have half of the IRD problems that I seem to (maybe I'm just unlucky) and everything seems to happen a lot quicker for them.
Would anyone out there please let me know if this is a normal length of time to close a limited company and if possible what costs are usually involved? Also any advice much appreciated.
Thanks in advance,
Simon
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