Recent content by Keith Duffy

  1. K

    HMRC call trying to get me to take on business debt personally

    It shows as a debt on the accounts so the business owes me money, explained that to the advisor and supervisor
  2. K

    HMRC call trying to get me to take on business debt personally

    Supervisor phoned me this morning, apologised as apparently she went a step or two too far and shouldn't have asked me about me personal circumstances yet. Then asked about business assets - said there are none and can send my latest accounts to prove it, he said no point. Still seems really...
  3. K

    HMRC call trying to get me to take on business debt personally

    Well just had a call from the supervisor and he said apologies she just jumped a few steps but they are entitled to ask about my personal circumstances, when I pointed out that my circumstances have nothing to do with the business he said they can still ask. He then asked about business assets...
  4. K

    HMRC call trying to get me to take on business debt personally

    Thanks for you reply, the company owes me 4k already and rising every year as I pay for accounts and confirmation statements to be filed. Sent my accounts to the BBL company showing no trading and no assets and heard nothing since. Dont really want to pay more money so will send letter to HMRC...
  5. K

    HMRC call trying to get me to take on business debt personally

    I thought about that afterwards, whole thing was just a bit odd. Apparently her manager is going to call me after I complained that she shouldn't be giving incorrect information (that the debt was my personal responsibility)
  6. K

    HMRC call trying to get me to take on business debt personally

    No outstanding personal tax debt, the business owes corporation tax, a small amount of vat, BBL and about 4k to me as directors loan
  7. K

    HMRC call trying to get me to take on business debt personally

    I can't pay an insolvency practitioner and HMRC will object won't they? Just annoys me the government is trying to get someone to take on debts they don't owe, seems dishonest
  8. K

    HMRC call trying to get me to take on business debt personally

    Afternoon, Ran my own Ltd Company which unfortunately has ceased trading 2 years ago. Still submitting accounts as required but no money in business to wind it up. I've just had a call from HMRC and the advisor asked my personal circumstances she said well we want to see if you have the...
  9. K

    Advice Needed Please

    Won’t HMRC issue winding up notices before then
  10. K

    Advice Needed Please

  11. K

    Advice Needed Please

    T The Capital and Reserves of the balance sheet shows 37k negative
  12. K

    Advice Needed Please

    I didn’t pay dividends monthly my accountant sorted everything out at the end of the year, I never looked into it very deeply to be honest just paid whatever the tax bills were. I would have had enough to cover the corp tax on my projected work by the end of my financial year and the company...
  13. K

    Advice Needed Please

    I’ve been looking at this illegal dividends issue, I haven’t taken any money out of the business once I realised I’d struggle to get more work and have been putting my own money in to cover BBL payments and OD interest etc. If I took the dividends out believing the business would have enough...
  14. K

    Advice Needed Please

    That’s what I’m concerned about - I’ve not really paid much attention. BBL is 11k, OD 5k, 5& Corp tax o/s from last year and 4 due next year. Had enough work to cover all this but companies I work for all decided to stop employing Ltd Company contractors in may this year so stuck
  15. K

    Advice Needed Please

    Hi Chris, Thanks for your prompt response - when the accounts were submitted my loan account was in credit by a small amount. So my only liability would be if the Loan Account were outstanding ? Thanks again Keith
See more
Top Bottom
Community
Articles
Menu