Recent content by adam_london

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    Accountants Advice: Options to close my unused (2 years) business account with £4500 & LTD company

    For the final capital distribution, which of the following categories do I put this under in freeagent: ‘Sales Refund’ ‘Payment’ ‘Bill Payment’ ‘Transfer to Another Account’ ‘Money Paid to User’ ‘Purchase of Capital Asset’ ‘Purchase of Stock’ ‘Credit Note Refund’
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    Accountants Advice: Options to close my unused (2 years) business account with £4500 & LTD company

    Do I need an accountant to fill out the above or is it pretty straight forward?
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    Accountants Advice: Options to close my unused (2 years) business account with £4500 & LTD company

    1) I own the company, individual, no couple. 2) No redundancy as I was working as a contractor and was given 1 months notice as agreed in the contract. Therefore if I transfer the amount into personal account under 'capital distribution' am I due to be taxed? I have to submit my tax returns for...
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    Accountants Advice: Options to close my unused (2 years) business account with £4500 & LTD company

    My account has a 'dormant' or 'no activity'. but I wasn't advise onthe above.
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    Accountants Advice: Options to close my unused (2 years) business account with £4500 & LTD company

    Will try to keep it short, but provide as much info as possible. I have a Limited company which has a business account. The balance in the business account is £4,500 (cash profits left over after taxed in previous years) which came from contracted jobs I have done in the past, but I have had no...