I hope you're all well. I am at a junction where I need to make a call on if I should continue my Ltd company (with >25k in profit) or not. With all that is changing in IR35 space, although it is pushed out until 2021, being a HR professional, I have seen blanket rejection from major firms to work with those hoping to get an outside contract; I feel time is right to wind it up. I spoke to my accountant recently and he'd advised to wait until 2 year anniversary to utilize MVL. He'd been kind enough to refer me to a practitioner with rough costs of c£5,000 to close the business and distribution of remaining profit.
I have looked online and see that the range of fees/services in this sector ranges from somewhere north of £1,000 upto £7,500. Whilst I respect, direct referral may, or may not be allowed on here, I was wondering if someone has gone through this and have some guidance on choosing a good liquidator. Also, someone who'd graduated from Google University had commented that MVL might impact your credit rating but couldnt find anything with it?
Thank you again for reading and any help/comments will be greatly appreciated.
Kindly
I have looked online and see that the range of fees/services in this sector ranges from somewhere north of £1,000 upto £7,500. Whilst I respect, direct referral may, or may not be allowed on here, I was wondering if someone has gone through this and have some guidance on choosing a good liquidator. Also, someone who'd graduated from Google University had commented that MVL might impact your credit rating but couldnt find anything with it?
Thank you again for reading and any help/comments will be greatly appreciated.
Kindly
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