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Post Info TOPIC: Ceased trading
Silly Digits


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Posts: 200
Date:
Ceased trading
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Hi all

I have a CIS client who ceased trading 31st October 2014.  Accounting date always up to 5th April.  I presume that I enter the finish date on the 2014/15 tax return.  My client used a personal car partly for business, which was sold just before ceased, I have calculated the balancing allowance.  The new car he purchased overlaps the ceased trading date, so would I ignore this?

He has also given me some receipts that are for after the ceased trading/last job date.  I am presuming these cant be put in.  

I will prepare the accounts up to 31/10/2014? 

There are no balances for tools in main pool, but I presume I would have to get a market figure for the tools etc that have been kept by the owner?

Is there any thing else that needs to be taken in to account.

 

Thanks

 

 

 

 

 

 

 

 

 

 

 



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