Making my company dormant

HappyUser

Hello

My accountant asks £50 per month if I make my company dormant.

I find this ridiculous, is it really needed?

Thanks

Pennywise

£600 p.a. for dormant company accounts, corporation tax return and confirmation statement filing is a little on the high side, but not too unusual. Sounds like you're using a relatively large firm. Not sure whether you'd be able to engage another firm as it's not much of a money spinner and there's a lot of start up/KYC work to do for not a lot of profit so a new accountant probably won't be interested.

Nothing to stop you doing the necessary submissions yourself - as long as it's truly dormant (no transactions at all), you can file dormant accounts to Co House using their online service easily enough.

Marcon

Why use an accountant? Learn to do the filings yourself, or just dissolve the company.

Dox

HappyUser wrote: »

Hello

My accountant asks £50 per month if I make my company dormant.

I find this ridiculous, is it really needed?

Thanks

Is what really needed?

Do you actually know what legal duties and responsibilities you have as a company director?