Red6 months ago

Still Dont understand Dividend Tax credit system?? Hi can you help clarify how I would work out my income and tax liability as a director or a ltd co, If I were to invoice pathway for 5k a month and trade through my own LTD company – my turnover for year is 60k expenses for year are £4800 I pay myself a salary of 5225k So net profit before tax is £49,975 Ctax – 20% = £9995 Dividend left for me is £39,980 £39,980 how would I work out the tax I need to pay on the dividend as there are brackets 10% below £34,600 and 32.5% above £34,600.. Can you help me understand the tax credit system - how much dividend tax do I pay ? How did you work it out? Is my £5225 salary taken into consideration and added to dividend to work out final tax bill?  

Mary5 months ago

I'm interested in knowing what are the implications if I invest into property in EU as a Pvt Ltd company. The obvious reason is of course I would like to claim this as a business expense, instead of paying the dividends tax if I first move it to private account. It would be a vacation house used for vacations, and also rentals to tourists. Are there any businesses specialized in advising on this topic? My accountants were clueless and just sent me some 40 page PDF.  

petHead4 months ago

I would become a Ltd company invest the £100k into the Ltd Company - then once it's gone do the spongebob plan and waheyyy!!! I've spent the £100k on kit to investigate the paranormal and it's sat in my garage written off as a bad debt... Bob's your uncle... tally ho, pip pip - Pims and lemonade - arthurs seat, Fannys' your Aunt I'm better off with some nice CCTV - house alarm and top of the range black Range Rover.  

MDG Ltd4 months ago

Please excuse me as this is my first post. I started a ltd company a couple of years ago and for various person reasons I took my eye off the ball, and ended up filing our company accounts 6 months and 6 days late. Today, I have received a penalty from Companies House for £1500, which the company cannot afford to pay. How likely are Companies House to accept some sort of payment plan? I've read that they can be quite tough with penalties. Is there any chance they will accept personal circumstances as being valid reason to at least reduce the fine? I completely accept it was my responsibility to file the accounts but our accountant left us in the lurch, I then lost my full time job, wife had a baby, and wifes grandad passed away, so it's not as if I've just ignored it. The only other option I can think of is to close the company because I couldn't even afford £1500 spread over 12 months, let alone all in one go  

petHead4 months ago

2017 I hope will be my year. After years of hard graft and saving I may be in a position to start in property development later in the year. I just wanted to share a few thoughts and receive feedback. Nothing is set in stone! I am just at the moment looking for advice and weather I am being realistic in my goal to be a property developer. Or even a reality check. I am in my late 20's, spent a few years fully refurbishing my house in my spare time. I work as a working foreman by trade. My plan is to take an advance on my house which I will use to fund a development project. (I can afford to do this and still be comfortable) I plan on obtaining 60k to buy a small plot of land with planning. Once I am in that position I can then apply for a development loan which will fund 100% build costs as long as its below 60% of total resale value. Obviously before the plot is bought I would need to do some ground research and find out its profitability etc. At face value is this a realistic approach? Are there better ways of going about starting a development. Do I set up as a ltd company or do I start my first development as an individual. thanks.  

Fireboy4 months ago

I am in urgent need of advise please. Ltd company ceased trading January 2015. VAT return submitted till December 2014. Filed application for dissolution/strike-off end of July 2015 which was objected by HMRC round about October 2015 demanding for 2015 company account to be filed. The plan was to file the account then reapply for company strike-off. Due to my unavailability, the account was finally prepared by end of April 2016 but HMRC online system refused to accept the account. As my accountant contacted HMRC to find out why, HMRC told them that the reason is because company has been dissolved and no longer exist. The dissolution was completed by my accountant and the dissolution date stated as 10th of May 2016. I have also applied for deregistering for VAT after that but haven't received any confirmation yet from HMRC. However, there was an outstanding VAT of about £2k to pay from the submitted December 2014 return and an unsubmitted VAT return for the two weeks that the company traded in January 2015 as at the time the company was closed. I preparing the account, I also found out I have about £900 PAYE outstanding. On 6th of August 2016, I got a call from a mobile phone number of a man that said he is from HMRC asking to meet me to arrange for payment of these money. Apparently he was phone from the doorstep of my old address and threatened to take me to court if I don't arrange payment. Sorry a bit too long but what advice do you have for me in this situation? is it too late file return for the two weeks since the company is closed? Should I be personally paying the VAT (out of job since then)? How do I approach this?  

Col Minessota4 months ago

Need a little help is someone would be kind enough to comment: Always tried to be 110% above board with all business dealing and recently got fed up of our accountant constantly every year messing up our returns for our LTD company This year he even put whatever dividend he wanted to on the PnL sheet so we made him change them all to the correct amount ! He also signs all our documents himself in my name e.g. the companies house balance sheet. There was no contract with him or anything when we started, WE have to ring him every year and push him to do them. In terms of leaving him 2 question : 1) Do we need to request all previous documents like a new accountant would or can we just move on without bothering with him anymore ? (doing them ourselves in future) 2) Do we need to send a final leaving letter as such , as there has never been any contract is this necessary? Just thinking of previous PnL/paperwork sent to HMRC/revenue maybe ? (I do have them hard-copy and can download all the previous balance sheets from companies house website. We do the VAT and annual return ourselves so do not need those) Any help appreciated , we will sleep much better at night knowing they wont be submitting on our behalf and we do not have to deal with them again.  

FordOwner4 months ago

Hi everyone. I'm a fencing and timber merchant with a second smaller business supplying woodfuel. I'm also one of the directors of a co-operative ltd company for fencing contractors which tenders for government contracts and work from the larger land management companies and gives local contractors access to local work. I'm always looking to learn from other people and I'm happy to provide any help I can in return. It's good to be here.  

Matchmaker14 months ago

Hello, I have recently started a business whilst working full time. I'm about to leave my full time job to push the business full time, at the minute I have not registered the business as a ltd company (it will be a partnership) and I was just wondering, over the last 6 months I have kept all by receipts etc that I've spent on the business, when I become a limited company will I be able to claim the VAT back on everything I have kept? The accountancy side of the business really confuses me!?! Help / advice would be greatly appreciated. Regards, Karl  

Red4 months ago

UK Business Directory said: ↑ ltd company, but would be interesting to know if an accountant is required for both sole trader and ltd. ThanksClick to expand... An accountant is not required for either. However you will be better off with one. For a sole trader if the only accounts you need are for your self assessment tax return then you can do it for a small business on the back of an envelope. Basically add up your sales and expenditure and the difference is your profit or loss. However you may miss opportunities to save tax or risk penalties from claiming for things you shouldn't. For a limited company an accountant is a must. The framework for preparing company accounts is complex. This forum regularly gets desperate queries from people who have tried to go it alone.  

MechExp4 months ago

Company A is a ltd company and is VAT registered, it is a building firm. We don't plan to do any more building work, unless something interesting comes along, so don't wish to shut the company down. We are not looking for building work and are turning work away, so the company won't be doing much. We would like to start company B, as a sole trader and not registered for VAT, turnover is likely to stay below £68k, well certainly to start with. The company will be offering architectural services, drawings and submitting plans for loft conversions and extensions. Would any of you good people know, how HMRC and especially the VAT man, is going feel about this??  

R2_Amazeballs4 months ago

We are looking for top sales performers, quality sales people, the half hearted need not apply. We're a very new company with big ideas and big plans, but we need the right people selling for us. Essentially, you will be selling advertising. We'll give you as much support as you need but you will need to know what you want to do and how you're going to do it. Earnings will be commission only at 30% of sales revenue, not for the feint hearted but there are massive opportunities, especially if you've got the contacts and the balls to build and run your own sales team. Initially based around the south east of the UK, in the first instance you'll be required to come and see us in High Wycombe. We are a genuine UK Ltd company and we are genuine about all we do. PM me or reply to this thread if you're excited.  

Mary4 months ago

Hi, My ltd company currently owes (approx.): £25,000 to the bank with a debenture and personal guarantee, £100,000 to creditors And £4,000 to HMRC We have no assets, but have about £30,000 in the bank. We’ve avoided paying anyone anything, informing them that we’re having cash-flow issues and that we can’t pay them as we’d be breaking the law if we did, but that we’re currently looking for further investment. The further investment has fallen through so it now looks like we’re going to have to wind up the company. Ideally, we’d like to be able to pay the bank (who as I understand it are a preferred creditor due to the debenture), put enough money aside to pay for filing for bankruptcy, then split the rest proportionally between the creditors (so each would get about 4p to every £1 owed – not great but better than nothing). One of my colleagues has seen an IP who's said that their fees are £8k, so that'd leave us with about £22k in the bank to cover the £25k loan meaning£3k would have to come out of our personal money. A couple of our creditors have threatened to take us to court so I’ve got a feeling they’ll object if we were to just try and winding up the company by applying to Companies House. Would anyone be able to give me some advice on how to approach this? A couple of final questions: I understand employees’ salaries gets treated as a preferred payment. Does this apply to director’s salaries as well, as they’re an employee? Also, the above company is a part-time venture for me as I also work for a financial institution for my ‘day job’. I've heard that if I was to go bankrupt personally I could lose my job (or at least not be able to get another job with a financial institution). Would you know if this is also the case if I’m a director of a company that goes bankrupt? Thanks in advance.  

Pete_W4 months ago

hi My husband and I have ran our company for 11 years. last 5 as ltd company. This year we have been 'bumped' for money owed to the point where December 2011 we had to dissolve. We owe HMRC/tax of about 35k as non payments meant VAT defaults and approx 10k to creditors. The ltd co. has made a loss for last 2 years but we have had good contracts and were confident until this year we could trade out. There are no assets in the company - over last couple of years we gradually sold off as not needed and to help keep company afloat. Our accountant has refused to file our accounts - he stated we can just pay the penalty to Companies house who will then strike us off. We are applying for strike off but are certain this will be opposed? what happens then? To our horror, the accountant states we owe the company 27k and when we asked how he stated we could not draw dividends on a company making a loss - but, he has always stated to draw NMW as a wage and apply the rest as dividends. We have a personal IVA in process. Are we going to lose our home and everything? We have 3 kids (mids 40s ourselves) My husband attended hospital with a suspect heart attack at end of december and recently I found he had collected all the tablets in the house and was contemplating the unthinkable. I am so stressed out at the moment. help.  

MDG Ltd4 months ago

Is been able to retain profits not a huge advantage of been a Ltd company rather than a sole trader? .  

Gary19964 months ago

Hello. Ive just set up payroll and run my first payroll as director and sole employee of my new Ltd company. Im using Paysuite as part of Quickbooks online. RTI FPS done. I have a question on how much I should actually be paid: Some details. P45: Leaving date of previous employment 31/08/16 Total pay to date £18750 Total tax to date £3064.93 New Ltd company employment details: Joining date 01/09/2016 First pay date 12/01/2017 (today) Salary £8040 My payslip says this: Tax basis: cumulative Tax code: 1100L Payments: Salary £670 Deductions: Tax £1,015.93 NET PAY £1,685.93 So i'm guessing here its taking into account the months i wasn't paid and the then calculating/back dating the personal allowance due, as its cumulative basis. Is this correct? If so, how much does my company actually owe me? £670 or £1685.93 and why? Many Thanks!  

Pete_W4 months ago

Hi. Also bear in mind that you can have 3 (or more) trading names for one Ltd Company - so taking into account the potential tax savings and Limited Liability advantages you should discuss this with whichever accountant you visits. I agree that the intial consultation should be free - after that charges differ from accountant to accountant and region to region - ask for Fixed Fee quotes!  

Bri19874 months ago

I contract through my own Ltd company and am outside of IR35. My accountant says I can can "apply for a dispensation to HMRC to enable you to pay unreceipted amounts of One meal rate (5 hours) - £5.00 or Two meal rate (10 hours) - £10.00". Let's do some math. Assuming 220 working days a year @ £10/day my Ltd company can pay me £2,200 of un-receipted subsistence expense. At 20% that therefore saves me £440 corporation tax. This sounds wrong so I wanted to check with you guys. Here's my research so far. The £5/£10 rates are paid only if you're on business travel to a "temporary place of work" (true?). Which in turn means: - I have to be at my client for a limited duration (tick, contracts are fixed term) - For a temporary purpose (not sure) - Go there for less than 24 months (tick, my contracts are less than 24 months) - Fixed term appointment rule (no idea what this means). Do these "scale rates" apply to me as a contractor? Or should I just claim receipted expenses?  

Pete_W4 months ago

Alhax said: ↑ Hi guys! I have looked everywhere on this thread and it looks like my situation is too uncomplicated.... I have a small shop and traded for the last 2 and a half years and decided to close it as is a waste of time and money. I have a few hundreds in debt towards the council (rates) , same for British Gas and a few others. The biggest amount is towards my landlord 3k (he has a 3.5k deposit) and I have an overdraft of 2k on my business account (I think I have an PErsonal guarantee on it) . The only assets are the fittings and stock (around 2k) . What is the best option, strike off or liquidation( cannot afford it). Please help with this !Click to expand... Provided you are trading as a LTD company and you don't have any personal obligations to landlord: Remove the fittings & stock under the cover of night, post the keys through the letterbox on your way out of the shop, invite creditors & landlord to wind up (they won't). Companies House will wind it up in due course. You'll never get the £3.5k off the landlord so don't bother trying. Surreptitiously sell stock & fittings to go towards your £2k overdraft. Then start enjoying your life again! Don't regret having had a go either, at least it only took 2 years to get to this point.  

Col Minessota4 months ago

Dear All, I hope you can help as im at bit of a loss of what to do next. I was director of a Ltd company and went bankrupt this week as a result of an unsuccessful agreement between a business bank and myself as director with them withdrawing my overdraft. Business Debtline advised that I go bankrupt. done. Then send a copy of the order and form to resign as director to Companies House. I have done so as directed. They said that CH will then go to strike off the LTD company as there is no director and advertise so in the Gazette. Should I send a copy of the spongebob letter to my creditors or just wait it out. I ceased trading last week so at the moment they are unaware of my position. I keep checking to see if companies house has put anything on the gazette but nothing yet. Should i be sending a DS01 to CH too? Any advice on my situation would be much appreciated. Many thanks  

Watergirl4 months ago

Hi, can anyone assist with this query as the VAT office dont seem to be able to. Clients have just set up a Ltd Company, and they are going to be offering training courses to people who want to become qualified as counsellors. They are COSCA courses, which are also taught by colleges, and are mainly assessment based,not exam based. They have also developed courses for counselling training which have all been approved by the relevant bodies and have qualifications at the end of the courses. It seems that if they were either sole trader or partnership that the courses would be exempt, but VAT office could not definately say whether it is vatable if they are Ltd. They have quite a bit of VAT to reclaim on purchases, furniture, rent etc, and would like to be able to reclaim this, but we need to know categorically if they have to charge VAT on the courses. Any help appreciated. Thanks, Jane  

Fireboy4 months ago

Hi, My Ltd company has CT and VAT debt around £80K and DLA around £75K. HMRC want me to pay this in 6-12months which is not possible for me. I have contacted few liquidation companies and they have advised CVL. I am fine with that but I am concerned about Bankruptcy by liquidator. I don't have any assets which can be taken over. Some have said it is likely DLA will be written off and then you deal with HMRC directly regarding declaring written off loan in Self Assessment. Some have said that you get Bankruptcy as that is what will prove that you have nothing to pay. Some liquidators sound like very relaxed and some were extremely critical and said Bankruptcy is the best option for you and that is what they are likely to be pushing for. I won't be able to get any job if I get bankrupt so can't imagine things working out in any way for me if it goes this route.. This is end of life for me... Now, I feel that because I am vulnerable, liquidators are trying to take advantage of me and trying to take small money left in business and then making me sign agreement to be liable for any additional liquidator cost personally, which they cannot recover. Please anyone tell me how to deal with this situation. Should I wait for HMRC to ask court to appoint or shall I appoint one myself. Also what are the chances of me avoiding a bankruptcy. If Liquidator do not bakrupt me and write off DLA, I want to check that then I declare that loan on my next SA giving me 16 months (provided declared in Jan) to make arrangement to pay this off. I sthis correct or this DLA will be back dated which means it will become immediately due? Thanks a lot  

Pete_W4 months ago

Hi, All, I am just about to register a Ltd company by myself, as in just one owner director and I need some urgent advice, please: I understand that it is better to enter cash as loans as it can be taken out when needed. But I have assets I am bringing into the company such as computer equipment, networking equipment, data storage , multifunction Print/Scan/FAX and tools , worth, let's say, £1000 and I would like to get shares for that instead of for putting cash into the business. I understand that i need to address this in the business startup/registration documentation (Memorandum) I would like to get , say, either 1000 of £1 shares or 100 000 £0.01 shares Could anybody,please, advise whether this would be OK and whether the 1000 £1 shares is better/more cost effective (tax implicatiopns???) than the 100 000 £0.01 shares Many thanks  

Bri19874 months ago

Hi Been reading posts think I know the answer, just want to check.... Im a director of our ltd company been going 5 years, had randon VAT inspection, comes back month later we owe 15 grand as accountant paid us returns each month wrongly etc but feels we didn't act badly so treating as debt to pay plus penalty, this was in april, we have no assets or money so accountant said ok we will just let them wind ltd comp up, been getting knocks at door regularly from hmrc and letters we must pay debt to my personal address asked them why they coming here its not the registered address...they said no assets to sieze at accountants so coming to my home! I asked accountant he says oh months ago I sent letter to companies house saying we ceased trading, and in may I took the online store offline and ceased trading with anyone, no debts to bank or suppliers only vat hmrc, still getting letters and accountant says ignore them they cant touch me it will just get wound up....correct? been like 9 months now...  

Pete_W4 months ago

My husband and i are about to take on a lease for a pub as a Ltd Companyand are trying to find the best business bank account available for our needs. We need to bank cash twice a week and do need quite a lot of change. We will also be needing to use debit card machines. Any help with this would be appreciated.  

MDG Ltd4 months ago

Hello, Im just doing some expenses for my Ltd company. I have purchased some small tools to do my work, value under £30. (Screwdriver / voltmeter) I am looking for advice on how to categorise them under quickbooks. Would they simply be a expense, for exmaple 'computer costs' or uncategorized expense'? Or would these be under a tangle asset like 'office equipment cost'. If choosing the asset option, would I have to worry about depreciation or writing off etc. Many thanks. Dan  

Red4 months ago

Hi, I really hope anyone can help and thank you in advance. I own a small Ltd company who has been trading since 2004. We owe 3k on overdraft, 3k to Credit Card and 5k loan, all of which needed personal guarantees from me. We are now at the point where trade is next to nothing and there is no work in the future. I am so worried, I dont want to go bankrupt, I want to pay off what the company owes but have no money, but can probably pay monthly fee when I get a job. Will I lose my house? I dont know where to turn. Thank you  

Gary19964 months ago

Hi All A bit of history in 2015 my Ltd company placed an order with Chinese Co for packaging all was going very well until one of our biggest clients wasn't selling enough and put all the orders on hold as was overstocked, but packaging was already made. We have paid half of the invoice but things got very tough as found out that our finance person was taking the mickey and was not paying PAYE/NI in the mean time I got rid of him and found out that he was mocking up the accounts and telling the Directors what they wanted to hear and most of our suppliers weren't paid so I took over and over the last 5 months I have managed to bring things fairly up to date but business has slowed down and we were still owing the 2nd half to the Chinese supplier and he started to be very pushy. I have never said that wont pay just need more time as no money in the company as he wanted all at once. Fast forward Chinese Co have passed the debt to the Collection Agency ( K2) and we couldn't reach an agreement and now have sent a wind up threat that if not paid till 12th January the wind up process will be started. Also the Chinesse Co is still in possession of the remainder of the packaging Please advise as I am willing to pay it back but over longer period of time as also have HMRC debt to pay and acc at the top end of the overdraft. Should I be worried any advice much appreciated as very stressed  

Col Minessota4 months ago

If i could possibly ask for some advice , i am new and i don't know , how to post properly I work in the Media (Photographer) i had a steady freelance income until december then my major newspaper slashed the budget , i have other publications , but its cost me a min of 2k a month . i have a outstanding vat bill of apps 6 k , 1000 of that that was from the previous year i had forgot about it .. the rest is over the last few returns , i have now fallen below the vat threshold , and deregistered for vat i did managed to pay my CP well i still owe £300 , i am a limited company and apart from a car worth about 3 k and camera gear apps 5 k thats it i am trying to get a family member to loan me 10k to pay off the vat and give me a bit of cash flow until i can re jig what i do i have rung the vat , and told them what i am doing , they have cut me some slack , but assume they will be getting paid , in the next few months . now the question , first if i manage to get the family loan is it wise to pay the vat in full? and if i don't get the money what are my options , the work at the moment is very patchy , i can't give any idea at all what my earnings are or would be Should i just bump the company . and start again , using the family loan , the car is a heap , and the cameras , are not worth much second hand . Would the recovers take the cameras and the car off me , or could the family member buy them off me to pay the vat ? also i think i want to go back to sole trader , i am to thick to understand all the ins and outs of ltd company i thank you for any help you can give  

Red4 months ago

Hi everyone! I already own a ltd company making soap etc but i'm thinking of starting a new venture. I'm thinking of buying a existing business completely unrelated to retail. I'm most likely going to get a loan but my question is.. Do I or can I count the new income of the future existing business that I would like to buy in the loan application? Many thanks in advance! Lucy  

Col Minessota4 months ago

Hi Everyone, I was hoping their were a few people that could give some really quick advice. I know the most common answer is going to be get an accountant, this is in the process of being finalized however it would be great to have some knowledge before i walk in to the meeting with him. I am currently employed full time and earn between £45k - £70kpa so i pay a sizable chunk in tax. Now i am in the final stages of launching a Ltd company with a business partner of mine, we will both be classed as directors 50% split. My main question is if i am not taking a salary from the company and only taking Dividends from the profits as a director, what are the dividend tax brackets and would it effect my tax i currently pay on my other income? Any suggestions on whether it would be better to keep it retained profits or to withdraw certain amounts in certain intervals would be appreciated greatly. Thanks in advance!  

Col Minessota4 months ago

To pull this thread back to the original subject......I work from home with my husband, daughter and son-in-law; we have a LTD company with 5 brands/divisions. We have a dedicated office, we have a dedicated design room for print/embroidery - originally it was a double garage and it all works well. We live together, work together and sometimes go out/days away together. WE argue sometimes, we shout at each other sometimes, we fall about laughing at things others/we do during a day, we commiserate and celebrate......it works. We work together, we put the washing in on our way through the utility room to the design room; we make coffee in the kitchen on the way back. We meet for lunch in the dining room everyday and discuss the mornings events/requirements. We put the washing out on the line on our way to the stock room and whoever has time during the day visits the freezer and takes something out for tea - we cook it after work at around 6.30pm and we eat together in the dining room, discussing the day, general life, plans, holidays and at the moment - do we want an orangery room on the back of the house? We do our own thing after tea - we have our own space, our own hobbies, appointments & outings. I wouldn't swap this for the offices and warehousing I sold 2 years ago.....not for a million quid......mmm, might consider £3m  

Watergirl4 months ago

Ltd Company

It looks like mortgage broker withdrew their last post so it makes mine look a bit confusing! WHat mortgage broker said was "Its better from a taxation point of view to go down the LTD Company route" A very dangerous statement from someone not qualified to give that sort of advice! Stick to what you are good at my friend  

Porker4 months ago

Hi, I'm currently in the process of liquidating my Ltd company, there are only me and my husband that a directors and the only creditor is HMRC who we wont be able to pay in full and will still owe VAT to. Would it be possible for my husband to resign as a director start up a new company as the sole proprietor and resgister for VAT while the old company still have debts to HMRC??  

Bri19874 months ago

Hi , I have a travel website and was doing a deal with another travel agent and the deal was as I thought in the bag so to speak when I was advised at a meeting on Friday that there was a company trading with the same name , ie mt site is called first4travel and the company registard with companys house is called first 4 travel ltd. The deal fell through because the other party felt there would be a conflict of interest. I have tried to check out this other company and as yet I have found no proof they have a domain name or even a phone number I can call there, Also is no membership with ABTA or Atol that I can find so after a load of waffle by me is. Where do I stand with this as if in future I'm in the same position again what should I do and if the ltd company was set up first and is a travel agent could they try and shut my site down. Any help would be recieved with thanks. Regards DAVE  

Red4 months ago

Hi All, Firstly many thanks for taking the time to read my post, I run a LTD co which is insolvent, i have applied to have the company struck off which HMRC have received at the start of this month - so i assume it will take another 8 weeks for this to go through and company shut? My main problem is that I have not paid a proportion of last years business rates, apx 6months, and owe £12.5k , i received a summons which was in my personal name for the debt - buried my head and ignored, and now has a judgement against me personally, in addition my local council has also just sent me a demand for the next 12m upfront for a further 28k! which again they are threatening court action if I do not pay My problem is this is all being done in my personal name, not the LTD company. I really need help to sort the CCJ which has gone against me and not my LTD co? and what if anything can i do about the threat of not paying the next 12 months ( i wont even be trading obviously ! ), ..... anything else that could help i.e. which documentation i will need , standard letters etc to prove i am not personally liable, what can i do to get case reviewed and court ? .. i simply wish to have my company closed as soon as possible so i have closure, and not bury my head any further ( believe me i seriously wish i hadn't ) Many thanks once again Paul  

Porker4 months ago

Hi, I'm looking for some advice regarding a new start-up business, primarily naming rights and legal "status". I work full time at the moment (and will continue to until i start making millions!) but have a v small business creating mobile apps and games software. Being a sole trader won't work for me, so i'm guessing a Ltd company is the only option? As far as business names go, this is where it gets incredibly confusing for me. If, for example I name my business (and legally register at companies house) after my own name. But want to call my app "business" bronzeapps and my games "business" bronzegames, am I allowed to do this? Thanks.  

Watergirl4 months ago

Hi Im currently director of a company which is going in loss. The business rates add up to 7k and the company cant afford to pay.the catering company was always seeing abit of loss but situation got bad over winter months.received first letter for rates in jan 2016.we we were trading since aug 2015.why the council sent the leter so late is a long story. Im currently at the stage where i want to cease trading through this company.no company funds so cant afford the usual IP route to dissolve it.what are my options?FYI i am the landlord of the trading address and i am director of the ltd company under question too.some ppl duggested ds01 form but im not so sure.what should i do because company hasnt got any assets or funds at the moment  

Fireboy4 months ago

Hi I am a "Newby" to the site. I have an urgent issue.... My accountant is processing my 2010-2011 accounts which are the first as a Ltd company. I need to give him copies of the leavers P45 forms. I did my payroll at that time on sage 50 payroll and printed them out for the leavers. I did not keep a hard copy in a file so need to go back in to the sage and print to file all the P45 forms for any staff from that tax year. I can not seem to work out how HELP!!! please does anyone else know? I have not used the system since April as we now out source payroll. So there os no date for this year. Thanks X  

R2_Amazeballs4 months ago

Hi all We are in the process of setting up a new Virtual/Augmented reality business and will be 50/50 share with a partner. The question, is what is the best way to pay unequal amounts when we startup. For the first 6 months, we are basically seeing if we can get this off the ground and depending on the projects, some may involve more of his time, some maybe more all all my time. Therefore we want to ensure we account for each others time in the projects and get paid appropriately, then split any profit if required. In an ideal world, we would be 50/50 ltd company, and invoice the ltd company depending on our time but know we cant do that! (currently we have nothing officially registered at Companies House etc)  

Matchmaker13 months ago
This topic has been discussed elsewhere
- see here