I want to close a 0-T.O company. Accountants ignore but still charge us. What is the best way to fire a rocket up their arses?

[FreddyG]

I have a company that, as a result of Covid and the general downturn of that market, plus the restructuring of that market, is no longer viable. The company is asset-rich and I need to dispose of those assets in as tax-efficient a manner as possible. I have asked them twice to come up with a plan. Twice they have ignored me. What is the best way to grab these people by the scruff of the neck and shake them?

 

[ctrlbrk]

What is the best way to grab these people by the scruff of the neck and shake them?

I've always found that if a supplier is "not supplying" switching to another will do the trick?

 

[The Resolver]

Identify their professional body (https://www.icaew.com , if they are chartered, or accaglobal.com . if Certified) ands say you will have to raise a professional complaint wiith theirr association if they do not respond.. But do not threaten at this stage but acknowledge that you emails may have been inadvertently overlooked You don't want to be changing accountants when you are closing down, If you changed you would have to pay the new firm to understand the history of the company and no doubt also paying the old firm to help with the handover. IF still not receive a response then pick up the phone. Both bodies require you to try to resolve directly.

 

[Lisa Thomas]

A Members Voluntary Liquidation might be suitable for you. I'd be happy to provide a quote. Unless your accountants are also licensed Insolvency Practitioners they will not be able to help with this process, although they should be able to confirm whether the shareholders fit the criteria to claim BADR (if they are also your personal accountants)

See here for more infohttps://youtu.be/2emtrpQHivI?si=nOeo6EwTMU9Lg7GI

 

[Paul Kelly ICHYB]

Does the business have debt/owes money, from funding the assets and DL's?

Sell the assets, recoup the loans etc and close the business!

If not happy with the accountants, find another one!

 

[MyAccountantOnline]

I have a company that, as a result of Covid and the general downturn of that market, plus the restructuring of that market, is no longer viable. The company is asset-rich and I need to dispose of those assets in as tax-efficient a manner as possible. I have asked them twice to come up with a plan. Twice they have ignored me. What is the best way to grab these people by the scruff of the neck and shake them?

When you say they have ignored you how have you contacted them?

Do they generally respond promptly to emails or calls?