To ask if this means my company is closing - tax question

[Nctaxq]

Sorry, I have no idea where to post this and I know AIBU has been very insightful and helpful with business questions previously.

Basically, my accountant has sent me my self assessment return to ask for consent to file. It says I owe tax and a payment on account.

In the email, he just asks me to look through, check it’s alright and sign for him to submit - no mention of company closing, insolvency or anything..

I’ve taken a look through and it says I’ve made profit and owe tax and a payment on account for Jan and July from dividends taken, which is fine.

However, under the ‘Self assessment for tax year 22-23’ it asks this question:

If your business ceased after 5 April 22 but before April 23, enter the final date of trading.

And he’s filled it out with 05/04/23.

I’m so confused and worried by this - what does it mean? I pay VAT and the file says I’ve made profit and I owe quite substantial tax. Can anyone offer some insight on this before I drive myself crazy worrying tonight?!

*made profit, not print!

I’m a tax adviser, what page of the tax return is it on?

Surely you would know if your own company was being wound up?

Ask your accountant. That's what you pay him/for.

It sounds like your accountant has made a mistake. Have you asked him?

@ExtremelyJoyous Page SEF1, box 7.

@Exasperatednow I’ve randomly received it on a Sunday when they don’t usually work, and I’ve emailed back with no response, so now anxiously waiting for tomorrow morning!

You work for yourself? It’s your company? You would know if it’s being wound up 😆
most likely they’ve filled that box in by mistake! Don’t sign it without querying it obviously

@User69371527 I know it sounds stupid, but I only incorporated in April 22 and before that was always a sole trader so this first set of accounts is really confusing me…

Those are the self-employment pages. Did you work as a sole trader previously then incorporate into a company? If so then it’s just adding a date to let HMRC you aren’t self-employed anymore.

i think your accountant has accidentally ticked the wrong box

stop stressing tonight and wait for them to reply tomorow

@ExtremelyJoyous Yes I became an Ltd on 5 April 2022!

This is nuts. It's YOUR company. Your accountant cannot unilaterally decide to close it!!

I bet he meant to fill in the "accounts made up to" date instead.

Yes that’s why then, it sounds right and nothing to worry about but call or email them tomorrow morning to ask! ☺️

This is the section I’m talking about:

Yep looks fine if you incorporated in the year!