It’s essential to have a company dissolution experts who understands how company dissolution work.
When it comes to dissolving your company, your options are limited and it’s easy to get stuck in a never-ending cycle of trying to figure out what to do. That is why it’s essential to have a company dissolution services and expert who understands how these things work and can provide you with all the options available. We make sure your company files its accounts and tax returns at Companies House. Our team of chartered certified accountants will keep them compliant and updated as per the Companies House standards.
It takes Companies House two to three months to dissolve a company. Several documents must be signed by the director(s) to dissolve a company. If there are no such personnel involved, then one of the designated partners of the company may sign the document.
When the Registrar of Companies receives an application to dissolve a company, they post it in the newspaper. Anyone who objects can write a letter and send it to them within three months. If no one gives any objections during the appropriate timeframe, the Registrar of Companies will dissolve the company.
We at Naseems Accountants, are here to ensure that your DS01 submission is adequately made on time. After receiving your DS01 forms from you, our team of company dissolution experts will review and complete the form to submit it to Companies House. We will monitor the process through to completion.
We will help keep things exceptionally organised while also getting everything that needs to be done efficiently.
If you consider dissolving your company, it is essential to consider the main reasons. Many factors can contribute to the decision. Still, the following are the main reasons why companies dissolve:
Book your free consultation with one of our company dissolution experts today!
Get in touch with one of our professional company dissolution accountant in the UK and book your free consultation.
Our company dissolving accountants will ask you to provide relevant information to complete company dissolution. The process can be done via phone or email.
Once you have given us the details, we’ll propose a fixed fee price depending on the work demand.
Dissolving a company is one of the most used legal methods to close a company down. This way, the company ceases to be a legal entity and is no longer protected by law. A liquidator is appointed to oversee the dissolution process.
Dissolution is when a business is removed from the register of companies for being dormant, not trading. Liquidation is a formal way to close a company with assets and liabilities.
If the company is insolvent, it can seek a voluntary creditors liquidation. This means that the company will no longer make new loans. It can also ask the courts for orders to pay creditors and settle all its debts and liabilities. If these aren’t met, the company will be forced into compulsory liquidation.
The most tax-efficient way to close a limited company is to transfer your shares in it to another person. This is because the business itself is not liable for corporation tax. You can still be liable for income tax on any capital gains. You can still be taxed on dividends you receive from the business. The only exception is if the shares are transferred to a spouse or civil partner.
No, you do not. You only must pay Corporation Tax on the net profit that your company has made in the last year. This is known as your annual taxable income. If you have been paying Corporation Tax, this may be the time to stop. If you have been paying the higher rate of 20% and are an individual, you can claim back any tax you have paid over the last three years.
When a business closes, the retained earnings can go one of two ways. Retained earnings can either be used to pay off any outstanding debts or transferred to another entity.
Naseems Accountants provide professional tax consultancy and accounting services to small, medium and large businesses in Birmingham, as well as the rest of United Kingdom.
Naseems Accountants provide professional tax consultancy and accounting services to small, medium and large businesses in Birmingham, as well as the rest of United Kingdom.
If you’re already running your own limited company, one of the key advantages is the flexibility in how you take income. But doing it right takes planning.
Many associates start as sole traders, but once income grows, it may be worth considering a limited company structure. Incorporating can open up new tax planning opportunities, but it’s not always the right move.
If you decide to go limited, we’ll handle the entire setup and make the transition as smooth as possible, with no disruption to your work or income.
As a self employed associate, filing your own Self-assessment is a legal requirement, but many leave it too late or miss out on valuable deductions.
You’ll receive reminders, clear explanations, and full support, so your tax return is one less thing to worry about.
Claiming the right expenses can lower your tax bill substantially, but it’s also one of the areas HMRC looks at closely, so accuracy matters. Many dental associates underclaim and pay more tax than they should, or overclaim and risk penalties.
We’ll guide you on what’s allowed and what’s not. Some examples are:
We make sure your records are clean and that your claims are correct.
Once your dental practice is operating through a limited company, one of the most important financial decisions you’ll face is how to extract your profits. The right balance between salary and dividends can significantly reduce your tax bill, but it must be handled correctly.
Paying yourself too much salary can trigger higher national insurance costs, while taking excessive dividends without proper planning may lead to unexpected tax bills or impact mortgage and financial assessments.
VAT is one of the most misunderstood areas for dental practice owners. While most NHS treatments are VAT exempt, many private and cosmetic services, like teeth whitening or facial aesthetics, can fall under the standard rated category.
This mix of exempt and taxable income creates what’s known as a “partial exemption” scenario, meaning you may not be able to reclaim all of your VAT on expenses. And that’s where many practices unknowingly get caught out.
As specialist dental accountants, we help you identify and claim every allowable expense, such as:
Claiming correctly not only lowers your tax bill but it also improves the financial clarity of your practice. We make sure nothing is missed.
Understanding which expenses are tax-deductible can make a real difference to your tax liability.
