Small business. Anyone had a failure, stopped trading, no money to pay accountant to do year end? What now?
Small Business - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Sit down and think about what caused the failure. If you are in debt go bankrupt and the nobody gets paid.
Answer 2 :
I am a bookkeeper/accountant, you should have had someone to guide you through the year, please give me a call on 07984-235701, and lets see if we can sort this out for you. There will be lots of thing to consider, including bankruptcy, and continuing trading - also preserving your assets, for the future.
Answer 3 :
Why do you need to pay the accountant to do year end if your business has failed? Unfortunately, the majority of small businesses do fail because of undercapitalization. Do what you can to salvage enough to enjoy the holidays and plan to kick off the new year with a new venture. It not personal. It's business.
Answer 4 :
I worry when people leave phone numbers on websites I really do......... If you really do have no money to pay for accounts/bookkeeping or year end then can I suggest you contact your local citizens advice bureau........They are free and could direct you to someone local who may be willing to help. Good luck.
Answer 5 :
Since it is a business and not a company, you don't acctually need an accountant to do ANYTHING for your business. I have been in Business for myself for years, and have never used an accountant. I have also had some of my businesses not work out, but still not needed an accountant. If you are unsure no how to do it, Go to a bookshop, a big one like Waterstones and browse through the business section for books on simple accountancy. I like the "Teach Yourself" books. This should help you. Failing that, e-mail me for any help you may need, and I can give you pointers.
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