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Quick question for any Accountants out there please? Ours has got CV.

1 reply

ChoporNot · 27/03/2020 21:51

We are just in the process of liquidating our small business (Ltd company) DH is starting a new job and needs to have stopped all involvement in our business. We are ceasing trading on 31st March and the accountants/liquidator were aiming to have everything done before he started his new job early April. There will be a small amount of money left after the tax/ has been paid. DH and I are both equal shareholders

It was looking a bit tight timescales wise so DH and I were thinking maybe we should approach it in a different way. But yesterday accountant has gone down with CV. His wife (AAT) has just about recovered from it but then her mother yesterday was hospitalised with it. Sad)

So previous "before new job" timescales are totally out. We are totally fine with adjusted timescales in liquidating the company. If it all happens in a few weeks/months when everyone is well then no problem. Apart from the big thing of DH having to have divested himself of other interests.

So to my question. We thought that having DH resign a director would tick the "No Interests" box? Easy enough to do (think it is just a form via Companies House. Takes the time pressure off.

However, because we cannot get hold of (meaning do not want to bug) our accountant we cannot check if we should proceed. Are there any downsides to this? Tax implications? Liquidating headaches?

Sorry to tout for free advice - just feel a bit stuck and definitely not bugging my poor accountant at this time and no-one else at the accountant's company is qualified to answer.

OP posts:
willowpatterns · 27/03/2020 22:25

If time is of the essence, you need to find another accountant really.

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