How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • Go back-and-forth until satisfied
    Rate the answer you receive.
By continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you have disabled them.
Ask bigduckontax Your Own Question
bigduckontax
bigduckontax, Accountant
Category: Tax
Satisfied Customers: 8037
Experience:  FCCA FCMA CGMA ACIS
75394688
Type Your Tax Question Here...
bigduckontax is online now

I am filing companies account for the first time. I only

This answer was rated:
★ ★ ★ ★ ★

Hi I am filing companies account for the first time. I only have 2.5 working days to do this until we miss the deadline of midnight next tues. We are only a small right to manage company - I do not know whether we are dormant or micro entity. Can you help?
JA: Have you talked to a tax professional about this?
Customer: no
JA: Anything else you want the Accountant to know before I connect you?
Customer: no
bigduckontax

Hello, I am one of the experts on Just Answer and pleased to be able to help you with your question.

Has the company traded?

Ask Your Own Tax Question
Customer: replied 5 months ago.
no we are a right to manage company only. A block of four flats who decided to take over the management company for the block. We were only created mid 2018 and have only paid in our maintenance fees and used the money to conduct some maintenance. only a few thousand pounds. We had to create a company with companies house in order to take over the management company. So I believe this means we never technically 'traded'?
\

File as dormant would be my advice.

Ask Your Own Tax Question
Customer: replied 5 months ago.
thank you. There is a field asking about number of shares and share class. On the creation of the company, I am no sure we ever issues shares. Can I leave it blank?

Well not really, have a try, the system might take it for dormants.

bigduckontax and other Tax Specialists are ready to help you
Ask your own question now

Thank you for your support.

Ask Your Own Tax Question