Recent content by Bankonthis

  1. B

    Trouble brewing....

    So would they be looking at our personal assets? Could they force a sale of our house for example or would we have a charge applied in this instance. As it is we have no savings due the our circumstances with the loss of income new baby it's been pretty much impossible to save and would be very...
  2. B

    Trouble brewing....

    We also have about 12k in outstanding invoices due to be paid this month
  3. B

    Trouble brewing....

    Yes we own our house and there's a lot of equity in it. Would we end up with a charge or could we be forced to sell it?
  4. B

    Trouble brewing....

    Hi since my last post a lot has happened personally, illness has been a major setback unfortunately preventing my partner from working and adversely affecting our finances. She's now back to full health but it's going to take a while before she is able to see some income. I've been making...
  5. B

    Trouble brewing....

    I know it seems a long way off but from my calculations I will have about 10k left in 3 months having paid off the tax. I will also be the sole earner with about 4-6K/month coming into the business. Am I right in thinking that I will need to show the tax owed in the bank account on the year end...
  6. B

    Trouble brewing....

    Hi All, great site and community, very glad to have found you lots of valuable information. I have a business with my partner, we operate like many under a ltd co status for tax efficiency. Things have and are going well we usually gross 10-12.5k month. We are currently doing some building...
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