A
Andrew123
Guest
Can anybody help me, Like most small businesses I am finding it really difficult to stay afloat.
My main worry at the moment is having to return my accounts to the companies office. I was late for 2006 as I simply hadnt got enough money to pay the accountant, when I did get the money together my accountant charged me 9,000 + vat last year to get them returned urgently as I was threatend with strike off. He is now doing my 2007 accounts and I reackon it will be the same charge. We have a turnover of about 230,000 a year and employ 19 people (mostly part-time), we dont even make 9,000 profit, in fact we have suffered losses for the past 3 years. There is very little to do with our accounts as we employ a bookeeper and there is no VAT returns as we are classed as eductional status. My question is, in order for me to simply be compliant and return a piece of paper to the CRO I have to get my self into huge debt each year to do this, does anyone know if the CRO are making allowances for small companies like me who want to be compliant but are finding it impossible to come up with the accountants fees. I have to pay the CRO 1200 + VAT in fines before I even pay the accountant.
This is keeping me awake at night as I am due to return my accounts in July.
Any advice is greatly appreciated. Thanks in advance.
My main worry at the moment is having to return my accounts to the companies office. I was late for 2006 as I simply hadnt got enough money to pay the accountant, when I did get the money together my accountant charged me 9,000 + vat last year to get them returned urgently as I was threatend with strike off. He is now doing my 2007 accounts and I reackon it will be the same charge. We have a turnover of about 230,000 a year and employ 19 people (mostly part-time), we dont even make 9,000 profit, in fact we have suffered losses for the past 3 years. There is very little to do with our accounts as we employ a bookeeper and there is no VAT returns as we are classed as eductional status. My question is, in order for me to simply be compliant and return a piece of paper to the CRO I have to get my self into huge debt each year to do this, does anyone know if the CRO are making allowances for small companies like me who want to be compliant but are finding it impossible to come up with the accountants fees. I have to pay the CRO 1200 + VAT in fines before I even pay the accountant.
This is keeping me awake at night as I am due to return my accounts in July.
Any advice is greatly appreciated. Thanks in advance.