Iurie
Well-known member
- Messages
- 108
- Location
- Farnborough
Good evening : )
Thought to ask if anyone could share some tips on how to close down a business ? ( Ive been self employed for about 15 yrs ) . I always did my accounts myself but now just wondering if I need to hire a professional to do that for me ? or is it a straightforward process ?
Following the instruction on .gov seems to be an easy task https://www.gov.uk/stop-being-self-employed however im planning to move abroad and what if HMRC decides later that they want or need to check my accounts for the past 5-6 years and they just can't reach me ?
Would it be better to send a copy / folder with all the data to cover 2017 - 2022 to hmrc even if they don't ask or how does it work ?
I don't really have any assets apart from an old petrol generator , bought few years ago as capital allowance .
Probably closing down on 6th of Apr 2022 would be easier to fill in the last tax year
any advise will be appreciated
Many thanks !
Thought to ask if anyone could share some tips on how to close down a business ? ( Ive been self employed for about 15 yrs ) . I always did my accounts myself but now just wondering if I need to hire a professional to do that for me ? or is it a straightforward process ?
Following the instruction on .gov seems to be an easy task https://www.gov.uk/stop-being-self-employed however im planning to move abroad and what if HMRC decides later that they want or need to check my accounts for the past 5-6 years and they just can't reach me ?
Would it be better to send a copy / folder with all the data to cover 2017 - 2022 to hmrc even if they don't ask or how does it work ?
I don't really have any assets apart from an old petrol generator , bought few years ago as capital allowance .
Probably closing down on 6th of Apr 2022 would be easier to fill in the last tax year
any advise will be appreciated
Many thanks !