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Acceptable time for preparing final accounts?

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    Acceptable time for preparing final accounts?

    I'm closing down my LTD.

    My accountant estimated 6 weeks for drafting the final accounts and another 4 weeks for submitting them. Is that acceptable?

    #2
    Originally posted by Syd View Post
    I'm closing down my LTD.

    My accountant estimated 6 weeks for drafting the final accounts and another 4 weeks for submitting them. Is that acceptable?

    Depending on the complexity, yes.

    It's hard to say without having some information.
    …Maybe we ain’t that young anymore

    Comment


      #3
      This is a simple 1 man PSC that has been trading for three years. No assets or liabilities other than cash at bank.

      Comment


        #4
        How big is the accountancy firm? One man band or huge corporate?

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          #5
          Nixon Williams ?

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            #6
            Does seem a long time, although I suspect they're fairly busy at the moment...

            Out of interest, how much are NW charging?

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              #7
              £95/mo

              Packages Archive - Nixon Williams

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                #8
                I wonder if anyone else can chime in how long did it take for them to close down their LTD?

                Comment


                  #9
                  Originally posted by Syd View Post
                  I wonder if anyone else can chime in how long did it take for them to close down their LTD?
                  There's a few threads on that already...

                  Comment


                    #10
                    Originally posted by ladymuck View Post
                    There's a few threads on that already...
                    This is an incredibly unhelpful comment.

                    There is this thread but my question was about final accounts. The difference is that regular accounts have a 9 months deadline whereas at MVL you want them monies quickly. Another difference between old threads and now is COVID cascaded with IR35 (most banks already banned PSCs so accountants have an overhead in MVLs).

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