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Yep as I said on my long post way back on Saturday - I use it, it is what it is, it’s expensive and not ideal but can work well in certain circumstances if needed and I found it totally transparent - each time you draw down you get a summary - you have a portal where you can see your...
I use Iwoca- but in all honesty I have had no issues - I don’t own my house so my bank wouldn’t let me have an overdraft without it being ‘secured’ and I couldn’t get a business credit card with a high enough limit . I didn’t use iwoca till I had the business5 years and my income was reliable...
Just to let you know I had a situation back in 2007 - it was a bit more complicated than yours but still not that complicated - HMRC due a relatively small amount, ( under 15k ) 3 suppliers due around £17k in total and an investor who stood to lose £88k - ( used EIS I believe)
We were also...
How many husbands with limited companies employ their wives pretty much on paper for the purpose of reducing corporation tax - I bet it’s a fair old whack - OP she might be better doing it via a limited company and paying you an actual salary etc or even dividends you are already into a...
Filed all Ct 600 online myself and haven’t accounted for it at all , as it asks if you’ve had money for furlough or grants or eat out to help etc - none of which applied. I know it doesn’t count for income/turnover , although clearly I’ve not used the payments going out as an expense as I know...
Just wanted to query if BBLS needs to be entered into ‘creditors due in next year ‘ on CT600 return . My H has a very simple tiny second business that is a solvent company that he took a £9k loan on in 2020 due to not being able to trade at all for around 18 months in that period due to...
Thanks guys for your comments- yes I will ask new accountant too - I was keen to try and pay back without making it 100% obvious I had got into a mess before- pride I guess, but thinking about it he’s going gvt ask anyway as will see payments
Hi all
Not posted here before but have read through forums on insolvency and hadn’t seen this mentioned before. I got into a mess tax wise with my 5 year old limited company which was totally my fault as a lot of domestic stuff happened - an emigration that went wrong , long covid , health...