I stopped contracting at the end of 2018. My limited company is winding down, and I don’t have to pay the corporation tax bill until October (extended from April) this year, which is handy.
For personal reasons (aging parents in another part of the county), I am considering contracting again. I could of course use my existing limited company, but this would mean paying my corporation tax in April 2019 which I hadn’t budgeted for. Could I open a new limited company to work with whilst the old one winds down?
Not great financial planning I know, but we only get one set of parents and mine are deteriorating rapidly and could benefit from some basic help a few evenings in the week hence my rushed plan to contract again for a few years.
Thanks
For personal reasons (aging parents in another part of the county), I am considering contracting again. I could of course use my existing limited company, but this would mean paying my corporation tax in April 2019 which I hadn’t budgeted for. Could I open a new limited company to work with whilst the old one winds down?
Not great financial planning I know, but we only get one set of parents and mine are deteriorating rapidly and could benefit from some basic help a few evenings in the week hence my rushed plan to contract again for a few years.
Thanks
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