Originally posted by Maslins
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Reduce limited company expenses when no trading or inactive
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Originally posted by Chart Accountancy View PostPAYE can simply be closed with a letter. VAT deregistration takes 15 min online. I don't see how he can incur a hefty bill for this. Though, depending on how many months he paid his accountant, he may have to pay additional fee to prepare a full set of accounts. The OP can also keep the company dormant instead of closing it down if the OP is planning to trade again in the near future. However, if he takes the first available opportunity to work as an employee and switch back to contracting in the near future, it may become a concern with regard to IR35.
QDOS are very good - if you are not invoicing you pay a lower rate. Highly recommended.Comment
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Originally posted by Chart Accountancy View PostPAYE can simply be closed with a letter. VAT deregistration takes 15 min online.
I'm surprised nobody has popped up to promote FreeAgent yet, but there are accountants that will do just the difficult year end part for £150 if you use FreeAgent for everything else. Obviously you won't get any hand holding, but it'll be a lot cheaper than £170pm.Will work inside IR35. Or for food.Comment
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Originally posted by VectraMan View PostIt's easier than that (I've just done it). It's part of the PAYE EPS/FPS to close the scheme (I use Payroo and it was easy), and VAT takes far less than 15 minutes online to deregister.
I'm surprised nobody has popped up to promote FreeAgent yet, but there are accountants that will do just the difficult year end part for £150 if you use FreeAgent for everything else. Obviously you won't get any hand holding, but it'll be a lot cheaper than £170pm.Comment
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Originally posted by BrilloPad View PostMost accountants rely on a year's worth of income.
QDOS are very good - if you are not invoicing you pay a lower rate. Highly recommended.Comment
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