Recent content by heidthebaw

  1. heidthebaw

    Spongebob Plan with corporation tax and director's loan account

    The numbers I have quoted are entirely accurate; your suspicions are incorrect.
  2. heidthebaw

    Spongebob Plan with corporation tax and director's loan account

    I owe the company £30k in director’s loans.
  3. heidthebaw

    Spongebob Plan with corporation tax and director's loan account

    Many thanks for your reply. I note that you are an insolvency practitioner, so you know exactly you’re talking about. Having said that, I would assume someone in your profession would always recommend a voluntary liquidation? What do you mean when you say “dealt” with properly? Unfortunately...
  4. heidthebaw

    Spongebob Plan with corporation tax and director's loan account

    I am the sole director of a limited company based in Scotland and I owe around £70k in corporation tax. In addition to this, my director's loan account is sitting at £30k and I owe around £60k in personal income tax. I have spoken with Business Debtline who have essentially given me the same...