Hi guys

thanks for the help so far, but where can we go for help face to face. where really struggling and not sure what to do or where to turn too. We need help URGENTLY. We are in the scottish borders, however our business is on the english side of the border?

Hi

I asked my accountant today and apparently, the taper relief of £60,093 on the sale was given?

Hi. We are part of a franchise group and use there accountants. We do bare min in regards to accounts and send weekly figures adn invoices straight to them. To be honest I still dont know that the figures are correct as we dont understand them. They said it was because we started half way through a ...

You say could I not carry on as a sole trader. Yes I probley could but how would that work. Would my partner have to go bankrupt? Would I then have to by the business off him or could this be signed over to me, and what would happend to the joing house?

Im so worried

Hi, when he sold this business last year, previously the tx bills were £300 and £340. Therfore when he sold though the bill would be about £5,000 max. He had asked the accountant how much to save and he said he couldnt tell him until the final accounts where done. These werent prepared till the day ...

We feel as we are on the edge we could only pay a couple of hundred a month for both. We do have money outstanding with some suppliers but not sure if that would go down as general business expenses our be inclided on an iva. we owe approx 3000 on a hair shampoo account with a supplier and also 1000...

apart from general business expenses, we are dur to start paying a DTI loan of £1400 pm though the busines which is joint and then his personal tax bill of 39,700. Apart from that on the business side is general running costs etc ie stock,wages etc. We have no personal debts apart from our joint mor...

Hi

do you mean just the busienss debts or eveything inc elec, wages etc for business and the household bills?

Hi I think we may have about 20,000 in equity in the property?

Hi. Not sure if I get what you mean? If the payments wher spread out then I think we could tighten things up and afford the payments, its jsut the revenue wont accept a payment plan. I have spoke to another franchisee who has said they are getting a IVA and have included there NI payments, Persoanl ...

Hi Thank you We only really have the (DTI loan) which was given by the bank for opening (approx £150,000) and his personal tax bill £39,500 thats the only debt really we have. If it wernt for the unexpected tax bill then we would be a lot more comfortable ie being able to keep our heads above water ...

Hi guys, My partner had a business previous and sold it march last year, he has just been given a personal tax bill for £39,750. We cant afford to pay this. We have opened a joint business together which is struggling. We had one year payment holiday for a business loan (a DTI loan) and that starts ...

I perviously run a business in oxford as a sole trader. my pervious personal tax bills were approx £300 in Jan and £300 in July. I sold my business in March last year (its a franchise) I have a accountant and a chartered accountant as part of my franchise agreement) I have been houding my accountant...