RM84
9th September 2010, 18:57
Hi all,
I run (not very well!) a limited company which consists of 1 employee and myself. We currently are bringing in money each month but only enough to pay the bills and the wages. The problem is that we have fell behind this year on our PAYE and our NI contributions.
Currently i am considering going back down the self employed route as i am great at doing my job but the paperwork and business side i am misserable at and i am running it into the ground. The biggest problem being my lack of knowledge and the lack of money coming in to pay an accountant to do it for me.
Is it possible for the company to be dissolved and what will hapen to the HMRC debts (£5000 aprox) if i go down this route. Will the HMRC be in contact with me for this debt? Also if this is possible do i voluntarilly apply for strike off or do i just wait for it to happen?
The companys only aset is a van which is not worth much and the company has no other debts.
All of your advice would be greatly received
Thanks
ryan
I run (not very well!) a limited company which consists of 1 employee and myself. We currently are bringing in money each month but only enough to pay the bills and the wages. The problem is that we have fell behind this year on our PAYE and our NI contributions.
Currently i am considering going back down the self employed route as i am great at doing my job but the paperwork and business side i am misserable at and i am running it into the ground. The biggest problem being my lack of knowledge and the lack of money coming in to pay an accountant to do it for me.
Is it possible for the company to be dissolved and what will hapen to the HMRC debts (£5000 aprox) if i go down this route. Will the HMRC be in contact with me for this debt? Also if this is possible do i voluntarilly apply for strike off or do i just wait for it to happen?
The companys only aset is a van which is not worth much and the company has no other debts.
All of your advice would be greatly received
Thanks
ryan