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Deleted member 318635
- Original Poster
- #1
Hi all,
First time post here so i'd just like to say hello to all
A question,
My client is looking to go bankrupt, due to some very bad advice from a previous accountant he registered all of his vehicles (he used to run a coach firm) as personal guarantor, he owes approximately 100k, In his last and final set of accounts (31/3/18 ) the previous accountant had valued the goodwill at 138,000 and was writing it off over 10 years at 13,800 Amortisation per year, my client was in his seventh and final year of trading and had to date recorded 96,600 in total
the firm was finally struck off in October 2018
My question is will HMRC come after him for any monies (if so how much/percentage?) as he is just about to file for bankruptcy and he would like to put the figure in with his creditors
many thanks
First time post here so i'd just like to say hello to all
A question,
My client is looking to go bankrupt, due to some very bad advice from a previous accountant he registered all of his vehicles (he used to run a coach firm) as personal guarantor, he owes approximately 100k, In his last and final set of accounts (31/3/18 ) the previous accountant had valued the goodwill at 138,000 and was writing it off over 10 years at 13,800 Amortisation per year, my client was in his seventh and final year of trading and had to date recorded 96,600 in total
the firm was finally struck off in October 2018
My question is will HMRC come after him for any monies (if so how much/percentage?) as he is just about to file for bankruptcy and he would like to put the figure in with his creditors
many thanks
